Barclays Spanish Mortgages
For many months, Barclays stopped lending to the non-resident market in Spain as they assessed the impact of the economic climate, their previous lack of understanding of non-resident borrowers and issues relating to accepting fraudulent applications via brokers.
Having withdrawn from the market Barclays are now back with some very attractive products. Distribution has been limited to direct applications and a handful of trusted and known brokers as well as some UK brokers so do not have products that can be offered by all.
Barclays have also upped loan to values to 65%.
Barclays are aiming at the higher end of the market and applicants must have an income after tax of at least € 3.000. Only two incomes per application will be assessed.
Risk criteria's are tough to meet with one of the lowest debt to income ratios across all banks but for those that qualify and need life cover as part of their requirements, the offerings are very good.
For a free mortgage consultation contact us now
Contact Us
Contact us via this website to ask us a question or to arrange an appointment to discuss your options.
Products Available
Want to buy abroad or release equity from an existing property, but not a resident? Find out about our mortgage products.
