If you’re not Spanish or a Spanish resident, you might think that getting a mortgage to buy property in Spain is out of the question. Many people dream of buying a property in Spain but don’t think they can because they’re not Spanish, or fiscal residents of Spain. It can indeed be difficult to get a mortgage as a non-resident of Spain if you don’t know where to turn. This is where Foxes can help you.
The Spanish mortgage market has been growing rapidly in recent years and there are now many options available for non-residents. The main reason for this is that Spanish banks are looking for new customers and are willing to offer competitive rates
What’s more, if you take out a mortgage with a Spanish bank, you won’t have to put down such a large cash deposit. In many cases, you can get away with putting down just 30% of the purchase price.
Foxes deal with many non-residents and the mortgage options and financial products are highly competitive. We have years of experience helping people from all over the world buy properties in sunny Spain.
If you’re thinking of getting a mortgage, make sure you speak with an expert. They’ll be able to help you work out whether or not getting a mortgage is the right move for you. Always ensure your broker is regulated and if possible also part of a legal firm. This will allow you to get the best possible advice and protect your interests. It could be the smartest move you make.
Contact us today and let us help you take the first step towards owning your dream home in the sun
This article is not intended to be financial advice. You should always speak with a suitably qualified professional before making any decisions about your finances.