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Mortgage Services There are several British banks and building societies that deal with mortgages on Spanish properties. Although UK lenders generally have a free hand in conducting business in Spain, some are restricted and are not allowed to lend to ex-pats who hold Residencia, Spanish Nationals or residents of Gibraltar.
As an alternative means of financing your property you may consider borrowing from a Spanish bank. Inflation and interest rates are at an all time low in Spain. Many Spanish banks will consider mortgages to non-residents. It is worth remembering that when borrowing from a Spanish bank you will have the peace of mind of knowing that it passes through their stringent loan criteria. Schemes vary from lender to lender and there are so many different schemes available it is worth considering using a mortgage broker to find the best deal for you. Linda Fincas can help you here - by recommending carefully selected companies and individuals.
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