For properties already built or for new properties near to completion you should be able to secure a mortgage against it. Most lenders will lend a maximum of 70% of the valuation of the property to non-residents of Spain. Developers will require between 25-50% of the purchase price to be paid during the construction phase with the balance paid on completion. At completion, you can then elect to take full advantage of a Spanish mortgage or pay the balance in cash.
H2O Countrywide recognize each client has different needs and can help you clarify the most cost effective method including currency and mortgage product, based on the property and your personal status.

Our in-depth experience and knowledge of the market will help you to clearly understand the various rates, fees, hidden costs and loan conditions. Our team of mortgage consultants have an extensive understanding of the Spanish mortgage market and they are able to show you the different options available to finance your home under the sun and determine the best solution for your individual requirements including.

H2O are not authorised to provide advice on UK regulated mortgage contracts. However, if releasing equity in your existing UK property is the best option to purchase your dream home in the sun then: