Mortgages and Finance

One of the major worries when buying a property is whether you can get a mortgage to purchase that perfect property, or maybe need financial help to renovate and reform. We have access to local banks and independent financial advisers, one of them being Mortgage Direct, based in Spain.

MORTGAGE UPDATE!cid_8E747D97-2FC4-496D-8346-4D6634C5840D@Home

70% Mortgages

As many of you may know, arranging mortgages at the 70% level for non-residents is not always straight forward as banks offering 70% have strict criteria, for example the clients might have to be European residents, already own a property, not be sole applicants, etc. The good news is that Mortgage Direct can now achieve 70% mortgages for many more clients provided that they can satisfy a 30% debt/income ratio. In recent months, they have arranged 70% mortgages for sole applicant clients residing in Dubai, Kuwait and Canada, which is very encouraging. If you need 70% mortgages and are not residing in Europe, please contact them as they may well be able to assist.

Reasons to use Mortgage Direct

  • – Independent mortgage advice for all nationalities (they work with over 30 banks from various countries)
  • They aim to answer within 24 hours on receipt of your  enquiry
  • Advisers are UK qualified and provide a professional service
  • Best mortgage deals (due to the volumes of business they give the banks)
  • They are recommended by Kyero.com which is the largest property portal in Spain
  • They offer a Money Back Guarantee to all clients

Some of the products they can offer are:

  • – 70% LTV non-resident
  • – 80% for Scandinavian clients (non-residents)
  • – 80% LTV residents
  • 70% LTV for rustic land properties (80% residents)
  • Mortgages for high-net-worth clients
  • Mortgages for clients with difficult circumstances
  • Mortgages for S.L. & Ltd. companies
  • 5 to 10 years Interest-only & terms to age 75
  • – Plot & Build + Renovation Mortgages
  • – Equity Release & Low-cost re-mortgages (including properties outside of Spain)

Contact Mortgage Direct

For more information and to be contacted by one of their financial advisors, please complete their enquiry form so they can deal with you direct
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