Mortgages

All mortgages are full status and proof of income and outgoings will be required. Spanish mortgages can be arranged for acquisition, renovation & construction. Due to the nature of financing new properties a "letter of intent" is issued by lenders rather than a mortgage offer until the property is completed.

All mortgages should be fully repaid by the age of 70. Spanish Banks will happily offer a mortgage of up to 70% of the purchase price of the property, though 50% and 60% are standard. Repayment periods are 5, 10 or 15 years as standard. You will be guided through the process of purchasing your property in Spain by experienced and professional mortgage advisers who will help you obtain your home as easily and quickly as possible. We are confident that we can find you the home of your Dreams.

Whether you need a mortgage or not, you will certainly need a bank account to receive and transfer funds on effecting the purchase of your property and later on to pay the usual rates and bills. Direct debits are widely used to pay such outgoings which can easily be set up by your bank, so that your home in Spain will run smoothly.

This is why Torre Property Services has linked up with a major Spanish Bank to make life easier for you the purchaser.

Contact Steve for more details, on info@torrepropertyservices.com