You are looking to buy to buy a house in Spain and wish to understand what type and size of mortgage you can get and what the conditions are.

To determine the maximum mortgage that can be granted, a number of things will be considered: your age, income, valuation of the property, are you a resident or not, qualification of the plot, the actual amount you could invest yourself, type of property, your current cost of living.

Based on the above mentioned variables, Costa Select can supply you with the best possible mortgage quote. We have access to numerous Spanish and international banks.

For non-residents a typical mortgage is no more than 70% LTV (loan to value).

If you would like to receive more information, please contact us.

You currently have a mortgage on your Spanish property, but wish to know whether it would be wise to re-mortgage. There are several alternatives that are worth looking into, especially if you have had the mortgage for several years when the conditions were different.

In some cases monthly payments can drop substantially by changing the term of the mortgage or by swapping to an interest-only mortgage. Other measures that may be beneficial include tixing the interest rate for a number of years.

If you would like to receive more information, please contact us.

Releasing equity from your home has been a popular way to raise cash in recent years. However, in the current market situation, it is a complicated process and the majority of banks are not issuing viable offers, therefore only under a number of conditions is it possible to realise a cash release.

If you would like to receive more information, please contact us.

In case you wish to build your own home in Spain, a special building mortgage is the proper solution for your finance needs.

The most important features are: maximum finance of 70% of the total value of the project. In case you purchase the plot first, you can get a maximum loan to value of 50%. It is important to identify the classification of the plot. The type of permission you will be granted to build is part of the criteria for the bank to base their decision on for granting any mortgage, whether it is for the plot or the total project.

A typical building mortgage has a two year interest only period, during which the building will take place. After each stage in the building process, the builder will receive a certain amount. At the signing of the deeds the builder will have received all the installments and the mortgage will change into a repayment mortgage.

If you would like to receive more information, please contact us.