Low interest rates have always been the key to investment in business and property over many years, and with these at such a low and sustained level there has never been a better time to purchase a property in Spain. Rates as low as 3.5% are offered by some leading banks, and Spanish based UK building societies like the Halifax and Barclays are also quoting very competitive terms.

Arranging a Spanish mortgage is a very simple process similar to that in the UK with the concept of loan to value with a maximum term of twenty five years on a 75% valuation of the property. However, higher loan to value mortgages are available, especially when purchasing new development properties, but it is always the best policy to seek sound professional advice from a reputable mortgage broker to discuss this, and your own personal circumstances.

We at Firstline Properties have negotiated special terms and conditions with The Currency and Mortgage Shop where you can benefit from longer payment terms and improved rates allowing your money to go further. The belief is that the demand for property in Spain is set to continue for the foreseeable future with more and more families looking to this country for an improved standard of living and a better lifestyle.

If you have studied the history of property development here in Spain since the 1970’s you will know that prices have continued to rise, especially in recent times, although the forecasts for price inflation during this period have been well below the increase in real terms. With this in mind and a forecast of a 5% rise this year followed by 8% next year it seems that the future growth in Spanish property is well on course for years to come.

Should you wish to discuss the financing of any Spanish property then look no further than The Currency Mortgage Shop who are one of the leading mortgage brokers in this area of Spain.

Thank you,

Chris Law M.D.
Firstline Properties S.L.