Last Key-Ready New Build Villa in Marabu Lagoon
There is only one remaining new build villa available in Marabu Lagoon, so now is definitely the time to make your move. And to make things a little easier, we’ve done a true illustration of the cost of buying this spectacular key-ready villa, which is on the market for €369,000. We have used mortgage products available today for the simulation and calculations are also valid for similar properties with the same market price. Read more to see what your monthly repayments and total outlay could be to secure the last of these beautiful modern villas.
Can I still get a Golden Visa if I need a mortgage?
The good news is yes, you can… Providing you invest €500,000 in the property itself (not including costs), you can then apply for a mortgage to cover the rest of the purchase and still be eligible for a Golden Visa in Spain. By way of example, here is a simulation complying with the required investment […]
Why today’s mortgage market is kinder to borrowers
Today’s mortgage market is kinder to borrowers New laws governing the costs associated with mortgage applications came into effect in Spain in June 2019 and the good news is they favour borrowers! We take a closer look and pick out the key facts. Why have the new mortgage laws been introduced? The new laws were […]
Mortgage simulation for a Tenerife apartment
Hipoteken’s monthly mortgage model Unsure whether you could afford a mortgage? To help you budget, we’ve done a true illustratrion of the cost of buying a Spanish property using products available today. For this month’s example, we’ve picked an apartment in Tenerife, Canary Islands, on the market for €235,000. Read on to see how affordable […]
Mortgage simulation for a Torrevieja new build property.
Hipoteken’s monthly mortgage model Unsure whether you could afford a mortgage? To help you budget, we’ve done a true illustration of the cost of buying a Spanish property using products available today. For our example, we’ve picked a stunning apartment in Torrevieja on the market for €195,000. Read on to see how affordable your monthly […]
Property valuation (tasación) – How do property valuations work?
Property valuation reports are done by registered valuation companies. These are regulated by the Bank of Spain, who specify very clearly what they must contain and what makes a valuation valid for a bank to accept. Depending on which bank you finally decide to go with, the process to obtain the valuation changes. Some banks […]
Property valuation (tasación) – Why is a property valuation needed?
Banks need to make sure that the property purchase they are financing is acceptable for them. This implies making sure the property is legally registered, and that their loan is backed by a property with the right value and resalable. This is just a final check from them before they accept to proceed with the […]
What are the costs involved in signing a mortgage in Spain?
The costs involved in signing your Spanish mortgage include: Set up costs – this fee will vary depending on the bank that offers the finance. It can range between 0% to 2.5% depending on the mortgage amount, bank, and whether you are a resident or not. Valuation cost – generally the banks do […]
What costs are involved with buying a property in Spain?
The costs of buying a property in Spain will depend mostly on 2 factors: Region of Spain you are purchasing. Type of property you are purchasing (new build or resale). This is the breakdown of the cost of buying a property in Spain: Purchase Price. Resale taxes applicable. New build taxes applicable. Solicitors fees. […]
How much of a deposit do I need to buy a property in Spain with a mortgage?
This will depend on the percentage of LTV – Loan To Value – the bank is willing to offer to finance your purchase, and the costs of buying. If you obtain a mortgage offer for: 60% LTV – You will need 40% of the property price, plus the taxes and other costs of buying. […]
