Spanish Mortgages

Hello

Does anyone have an idea on mortgage lending in Spain currently?

I remember taking out a 70% loan 5 yrs ago it was quite easy really ,I have paid of a considerable amount and wish for a larger villa for my future retirement

I know in the UK it is tight on lending now and you need 25% deposit to get anything decent

I guess the purchase price would be something like 500000 euros over a twenty year term to get the right property

Thanks Rod

www.ournextholiday.co.uk

Hi Rod

 A few years back there was a chap called Patrick who used to post on here under the name of  'Smiley'

He used to offer great advice on Mortgages.

I'm sure his website is

http://www.marbellamortgages.com/index.html

s

 There are ongoing meetings in preparation for a permanent team work on reactivation of the real estate market going on at present moment: government, main developers, main banks.... One of the main objectives is to restart financiation... let´s see

We miss consumers associations in the initial preparatory meetings... I expect them to be consulted at some point

Hi Rod

We can offer 80% mortgages on our properties for residents and 70% for non residents through our financing bank subject to status of course and bank valuation.