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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 977. Mortgages for Spain´s Bad Bank
18 June 2013 @ 14:12

Banco Santander has reached an agreement with the Sareb ( Bad Bank) by which the entity will create a specific line of funding for the purchase of its  housing. The so named  'Superhipoteca Sareb-Santander'.

For fully finished, fully licenses properties ( other assets as hotels, commercial premises...)

Main residencies:  first home, the mortgage can be up to 30 years, with a rate of funding of up to 80% of the appraised value and priced from Euribor +2.25%

Second residencies:  maximum financing is 60%, with terms up to 25 years and minimum rates of Euribor +3%

The bank will market the 'Superhipoteca Sareb-Santander' in all its branches.


The 'bad bank' is negotiating similar agreements with other financial institutions

Good new for property buyers, bad new for property owners willing to sell. If you want our assistance for this type of mortgages, you can contact us at email
 
 
 
Vejer de la Frontera, Cádiz, Southwest of Spain

 


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2 Comments


peter6163 said:
23 June 2013 @ 14:20

where can I see properties for sale under this scheme? is there a website link?


Maria said:
24 June 2013 @ 12:51

There is no one SAREB website advertising all these properties. You need to go to each Bank´s real estate division.
We can send to you email contacts of some of them. Email us externally:
This is our website:

www.costaluzlawyers.es



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