do they have mortgages that are available for other EU citizens such as from the UK?
Other - Spain - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Yes, they do. However at this moment in time mortgage regulation in Spain is very strict - especially with the Banks - please have a look at this link which explains the mortgage application procedures - http://www.tumbit.com/how-to-guides/articles/20-how-to-apply-for-a-mortgage-in-spain.html
2 :
Mortgages in Spain are cheaper than those in the UK because the currency is the Euro. Many Brits have bought property in Spain with mortgages obtained here.
3 :
It works just like anywhere else. You go to a bank and if you can afford the mortgage, you get it. Just remember that there are taxes and notaries to pay on top of the purchase price. Your bank will advise. (Budget at least 10% to 15%).
4 :
You will have to have a credit check done, a surveyor needs to assess the value of your house and you'll have to pay the relevant taxes. There are a wide arrange of Banks offering mortgages, but make sure you make their requirements in terms on initial deposit (LTV- paid upfront), etc. One of the UK retailers that offers mortgages in Spain is Barclays, but I'm not sure they have quite a bit range if you try to arrange it directly from the UK. Still, if you want to take a look: https://www.barclays.es/publico/contents/clientesInternacionales/hipotecas_NuestrasHipotecas.jsp?lang=en_UK
