Spanish Mortgage (for holiday home)

Buying a property in Spain used to be something that was only possible if you were incredibly rich. These days, however, it is relatively straight forward.

There are a few ways to go about obtaining a mortgage to purchase a property in Spain. You can go to a Spanish lender and take part in the Spanish mortgage system. Of course, this may present difficulties, especially if there is a language barrier. Nevertheless, a Spanish lender will be well aware of the intricacies of their mortgage process, and will be able to advise you on other costs such as taxes and fees.

Alternatively, it may be simpler for you to obtain a mortgage from a UK lender. Many, but by no means all, lenders will offer mortgages for the purchase of properties abroad. Those that do will want extra security from you, either in the form of a higher deposit, or by imposing a steeper rate of interest.

For more information please click on the type of mortgage you are interested in:

• Repayment Mortgage - repay the whole loan amount back with interest
• Interest Only Mortgage - repay only the interest on a mortgage
• Endowment Mortgage - a combination of a loan and an investment
• ISA Mortgage - combines and loan and an investment with an ISA
• Pension Plan Mortgage - a tax efficient but non flexible option
• Buy To Let Mortgages - for second property rentals
• First Time Buyers - get on the property ladder
• Spanish Mortgage (for holiday home) - to buy your dream holiday house!

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