Spanish And Other 'Main Stream' European Mortgages
Generally, up to 80% of the purchase price mortgages are readily available from European lenders, and in some instances – restricted to certain properties – up to 95% of the purchase price can be borrowed. More recently lenders have introduced interest only mortgages, which often appeal to many of our investor clients. Interest rates are linked to the Eurobar and are cheaper than in the UK (rates currently are from around 4.7% - depending on the country).
Evidence of ability to repay a mortgage is required in much the same way as for status mortgages in the UK, which means that evidence of sufficient income is necessary. Decisions in principle, without any commitment or initial expense can be obtained.
We will provide approximate repayment figures for the mortgage required, but we can also put you in direct contact with an Advisor from the appropriate country.
- Spain
- Max 80% LTV
- Max term 40 years
- €30,000 minimum loan
- All major currencies
- Repayment and interest only mortgages
- Rates from approx 5.00%
- Variable in euros
- Portugal
- Max 80% LTV
- Max term 30 years
- €40,000 minimum loan
- All major currencies
- Repayment and interest only mortgages
- Rates from approx 4.70%
- Variable in euros
- Cyprus
- Max 70/80% LTV
- Max term 40 years
- €20,000 minimum loan
- All major currencies
- Repayment and interest only mortgages
- Rates from approx 5.40%
- Variable in euros
- Turkey
- Max 75% LTV
- Max term 15--20 years
- €40,000 minimum loan
- €250,000 maximum loan
- Euros and sterling only
- Repayment mortgages only
- Rates from 6.90% fixed for 1 year in Euros
- Or 8.00% variable in sterling
All loans are subject to status.