Mortgage on Spanish real estate

Here are some conditions when applying for a Spanish mortgage;

  • Finance is possible to maximum of 70% of the valued property for non residents.
  • Only Legal properties can be mortgaged.
  • Payment of only interest is possible from 1 till 5 years.
  • The interest rate is based  on the Euribor
  • It is possible to have a mortgage with a maximum term of 40 years
  • Interest only mortgages are also possible.