Spanish Mortgages - Re-mortgages
70 – 75 % LTV, INTEREST ONLY AND CAPITAL REPAYMENT (on both mortgaged and unencumbered properties)
For borrowers who are unhappy with their current mortgage package, need to reduce their monthly payments by increasing their term, want to fix their rate, want to change onto an interest only product or who need to release capital from their property, Assetz Finance can organise a re-mortgage.
In the past, the fees associated with re-mortgaging in Spain were very high and this has stopped borrowers from benefiting from re-mortgage deals. This year, the Economic Secretary of State, David Vegara, is introducing a new law on Spanish mortgages that will reduce these fees considerably (by up to 40%). And whilst we are waiting for this reform Assetz Finance has sourced re-mortgage products for our clients that are free of all fees (no mortgage arrangement fee, valuation fee refunded and all legal costs paid) or incur dramatically reduced fees.
Re-mortgages are available on both interest only and capital repayment basis and on rates from 4.93%.
We can release the equity in your Spanish properties for you so you can carry out home improvements without expense UK loans to do it or for you to repay any loans and credit cards in the UK which you have that will be on much higher rates.
For more information on the re-mortgages that would be available to you please contact our Spanish mortgage team now on 0845 400 8000 or by completing this enquiry form.
As a specialist overseas broker, Assetz Finance has access for comparison to all the products available on the market plus additional packages and rates only available through brokers. Therefore, for exact detail on the most up to date packages available please speak to one of our Finance Consultants.
Please be aware that this site was last updated on 17 August 2007. We endeavor to keep this information as up to date as possible as we are aware that websites that are not up to date are very misleading. However, we do urge you to contact us and provide us with full information on your circumstances and requirements before you embark on any purchase in order to receive a true quote of the realistic rates and terms available to you rather than basing your purchase on the rates generally available on the market.
One last thing to bear in mind….
Please think carefully before securing any debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other loan secured on it.
When securing a debt against your foreign property please remember that:
- your foreign property may be repossessed if you do not keep up repayments on any mortgage or loan secured on it.
- changes in the exchange rate may increase the sterling equivalent of your debt if taken in another currency.
For all mortgages and loans, irrespective of their location, please be sure that you can afford the repayments before entering into any credit agreement.
The figures and information quoted on this site are believed to be correct at the time of issue and are subject to change without notice. Any quotation supplied is NOT an offer of a mortgage.
In accordance with the Data Protection Act 1998 all personal data handled by Assetz Finance will be processed fairly, lawfully and in the best interests of our client. The information and personal details provided may be disclosed to companies who have an agreed partnership with Assetz Finance and who will be able to offer you financial and property services that you require. These companies may be located in your country of purchase or the UK.
Please be aware that it is a criminal offence to give misleading or incorrect information in connection with a loan application. Specific actions may be taken to prevent fraud.
Calls to our 0845 number are charged at local rather than national rate so that if you are not based around Manchester you will not pay more. Calls will be charged at normal international rates if you are calling from abroad. |
