http://spanishbankproperty.comThis just in - one of our main banks (with a great range of properties at very competitive prices throughout Spain and the islands) has just revealed to us that
they are increasing the maximum they will lend to non-residents from 60% to 100% !!!!!This applies to all their distressed properties that haven´t yet been repossessed (which all have ref codes starting 9001-2), and to any properties marked as "PREFERENTE".
On all other properties, they have increased the max loans from 60% to 90% !!And for all properties, there is also a great deal on interest rates (2.45% FIXED for 3 years, thereafter Euribor plus 0.5-1.0%)
Even the opening fee is highly competitive at 1.0% !!!All the above applies to non-residents living in any European country apart from Spain. For residents in Spain, they will lend 100% plus expenses (ie they finance the entire purchase) on distressed properties, and 100% of the purchase cost on all other properties!!I will be updating
the mortgage page this morning to reflect these changes (the bank in question is referred to as Bank B.
To see all properties available with this fantastic mortgage offer, simply select "Bank B" from the "Bank/private sale" drop-down list when you do a search using the search tool on the home page.
Alternatively click here for direct access to ALL the properties available with these conditions from Bank B.
If you email us (
info@spanishbankproperty.com) telling us which area/s and what price range, number of bedrooms you´re looking for, we can send you an up to date list of all properties with photos, maps etc.
This news should make a lot of great properties (
like this fantastic Zeniamar top-floor bungalow) even more accessible !!
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