Variable repayment mortgages
Standard repayment mortgage on which capital (plus interest) is paid back from day one. Therefore, with each monthly repayment, and as of the first month, the client is reducing the capital owed.....

Variable repayment mortgages
Fixed-rate mortgages
Similar to a repayment mortgage but with the option of fixing the interest rate for a term of 1, 2, 3, 4 or 5 years, during which the monthly repayments will not vary. You may be charged for any early repayment (or cancellation) you make during the said term.

Fixed-rate mortgages
Setting-up costs
Unlike in the UK where the main costs are the arrangement and valuation fees, in Spain a mortgage has to be notarised and tax paid on the amount borrowed, so setting up a loan will work out more costly in the short term. However, taking a longer term view would mean that the low interest rate in Spain would make up for the higher initial set up costs.....

Setting-up costs
Redeeming the loan
Most Spanish lenders charge a redemption penalty if you wish to pay the loan off earlier. However, this does vary according to lender and the type of loan you take out....

Redeeming the loan
Pre-qualifying for a loan
You can pre-qualify for a loan with no obligation. Please click below to see what documentation you need to provide and once you are ready we can arrange to have an application form sent to you.....

Pre-qualifying for a loan