Spanish mortgage offer - valuations?

Hi and FELIZ ANO to you all!

Can anyone please offer advice on where to get mortgages from and if you had a new valuation done and how this affected the aount you could borrow in the current market?

we had heard that not many spanish banks will offer 70% mortgages anymore which is what we need to complete, but the builders mortgage is also far too expensive set up costs and they wont offer 70% either so we are stuck in a rut awaiting new offers from our IFA,

any advice would be gratefully received as we cant complete unless we get another mortgage offer soon for 70% of the purchase price. also, what if the new valuations leave people short given the 40% decrease in property prices?

eagerly awaiting news on your experiences with our builder/mortgage companies. please PM us if you wish.

many thanks

Jo and Dave

My recent valuation was at 80% of the purchase price and a loan offer of 70% of the valuation. Looks like the options are to accept the high costs of tthe developers mortgage or to stick in more cash. Best of Luck

Given the changes on the site best you speak with Jose... I am sure he can make things work for you just be honest with him on what it is you need to make it work for you.