Home loans and loan commitment
It’s best to sort out your financing situation before you visit Spain or Portugal to view properties. That way you can be certain before you travel of your budget and thus use the time productively to view properties that you know are within your price range.
To ensure you are one step ahead, we can assist you with finding appropriate local mortgage arrangements. Spanish and Portuguese banks are happy to use properties as security for mortgages, so we can put you in touch with local banks who can assist you. We suggest doing this before you visit Spain or Portugal to view properties, so that you know precisely how much you have to spend on your dream second home
Mortgages granted are generally for 60-80% of the property’s value and are arranged in euros.
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