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Palma Estate Agents Finance Options
 Palma Estate Agents Finance Options - In conjunction with our partner - Palma Living, we can arrange extremely competitive finance options to help fund your purchase.
We are property agents for many of the high street banks in Mallorca and many in mainland Spain also, so we can find you the best deals available on the market today.
Mortgages in Spain are really very simple and are calculated in accordance with the EURIBOR, which is the European equivalent of the Bank of England (BoE) interest rates. As with England, the EURIBOR fluctuates and there are various mortgage packages such as 'fixed rate' and 'tracker' type mortgages, as with England also.
As a non-resident, you will be allowed to borrow between 70-80% of the value of the property (Spanish residents are allowed to borrow a slightly higher percentage). So please factor this into your decision making as to how much deposit you have, and how much you can afford to spend on the property that you want us to find.
Once we have found your ideal luxury property (or even in parallel to our search), we will be more than happy to discuss your requirements with our network of banking contacts to locate the most competitive and most suitable package to suit you needs.
So should you have any questions about financing, or our completely free property finding service, please fill out the contact form and we will contact you within 4 hours to answer your questions and discuss your requirements in more detail.
Palma Estate Agents Finance Options
Palma Estate Agents Finance Options - In conjunction with our partner - Palma Living, we can arrange extremely competitive finance options to help fund your purchase.
We are property agents for many of the high street banks in Mallorca and many in mainland Spain also, so we can find you the best deals available on the market today.
Mortgages in Spain are really very simple and are calculated in accordance with the EURIBOR, which is the European equivalent of the Bank of England (BoE) interest rates. As with England, the EURIBOR fluctuates and there are various mortgage packages such as 'fixed rate' and 'tracker' type mortgages, as with England also.
As a non-resident, you will be allowed to borrow between 70-80% of the value of the property (Spanish residents are allowed to borrow a slightly higher percentage). So please factor this into your decision making as to how much deposit you have, and how much you can afford to spend on the property that you want us to find.
Once we have found your ideal luxury property (or even in parallel to our search), we will be more than happy to discuss your requirements with our network of banking contacts to locate the most competitive and most suitable package to suit you needs.
So should you have any questions about financing, or our completely free property finding service, please fill out the contact form and we will contact you within 4 hours to answer your questions and discuss your requirements in more detail.
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