International Mortgage Solutions
International Conveyancing solutions

Personal, Professional & Independent Advice.

Spain:   +34 952 459 745

Equity Release

In the present environment Banks will only release equity from a Spanish Property if the funds are for home improvements or in some instances for purchase of another property in Spain. The banks will keep control of who the funds get paid to so they can ensure they go to their designated use.

One bank with UK roots by exception and only, and if you are an existing group client may consider allowing release of funds for purchase of a property outside of Spain.

Maximum loan to value is currently 60% for non-residents and equity release can be taken from properties with no existing mortgage loans by setting up a mortgage or if you have a current Spanish mortgage by re-mortgaging and increasing loan at same time within the maximum loan to values available.

Normal set up costs of mortgages will apply but all these costs apart from valuations are deducted from the advance so it costs nothing to get an approval for the loan.

All loans require that monthly payments can be made and are only suitable for clients with sufficient incomes to support the loan.

Lifetime style loans where no payments are made and rolled up until death of all owners are unfortunately not currently available in Spain.

At IMS we will source the most suitable mortgage for your requirements and provide everything in writing before you proceed. We are independent with access to all lenders and products and work solely on your behalf.

We are sorry in today's market we are unable to deal with enquiries where

You cannot provide taxed income verification

 

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Spain: +34 952 45 97 45 | Fax: +34 952 45 97 42

International Mortgage Solutions, Lista de Correos, C.P 29110, Monda Malaga

International Mortgage Solutions guarantee the following:
Neither your personal financial details or other personal information sent for a mortgage enquiry or application
will at any time be passed to or sold to any third party for data base marketing purposes or any other reason.
Information in relation to a full mortgage application will only be passed to the bank or relevant banks to which we are making an application.

Please note that all UK mortgage enquiries are passed with the clients permission to an authorised independent UK broker.
We do not advise on or arrange UK loans directly ourselves as we are not FSA regulated to do so.