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Spain
Latest
Lending Rates
1) - MAX
LOAN TO VALUE -
80% - Mainland
Spain & Majorca
Only - Euro Capital
& Interest Repayment
Loan Only.
80% maximum loan
to value mortgage
currently at, 3.75%.
This lender’s
interest rate is
1.50% above 1 year
EURIBOR (currently
2.25%) fixed for
each 12–month
period from commencement,
subject to a minimum
rate of 3.75. Maximum
term available is
20 years up to age
65 (15 years if
going to age 70).
This lender charges
an early redemption
penalty of 1% of
the outstanding
balance for full
redemption at anytime.
However up to 10%
of the outstanding
capital can be repaid
each year with no
penalty.
2) - MAX
LOAN TO VALUE -
75% - Mainland
Spain & Majorca
Only - Euro Capital
& Interest Repayment
Loan Only.
75% maximum loan
to value mortgage
currently @ 3.75%.
This lender’s
interest rate is
1.50% above 1 year
EURIBOR (currently
2.25%) fixed for
each 12–month
period from commencement,
subject to a minimum
rate of 3.75%. Maximum
term available is
20 years up to age
65 (15 years if
going to age 70).
This lender charges
an early redemption
penalty of 1% of
the outstanding
balance for full
redemption at anytime.
However up to 10%
of the outstanding
capital can be repaid
each year with no
penalty.
3) - MAX
LOAN TO VALUE -
75% - Mainland
Spain & Balearics
& Canary Islands
– Sterling
Capital & Interest
Repayment Loan Only.
75% maximum loan
to value mortgage
@ 5.00% variable
(1.50% above UK
LIBOR currently
approx. 3.50%) over
maximum term available
of 20 years (up
to age 70). This
lender charges an
early redemption
penalty of 0.25%
of the outstanding
amount (minimum
£750) at anytime.
4) - MAX
LOAN TO VALUE -
70% - Mainland
Spain & Balearics
& Canary Islands
- Euro Capital &
Interest Repayment
Loan Only.
70% maximum loan
to value mortgage
@ 3.50% variable
(1.25% above 1 year
EURIBOR currently
approx. 2.25%) over
maximum term available
of 30 years (up
to age 70). This
lender charges no
early redemption
penalty throughout
the term, for full
or part repayment.
5) - MAX
LOAN TO VALUE -
70% - Mainland
Spain & Balearics
& Canary Islands
- Euro Capital &
Interest Repayment
Loan Only.
70% maximum loan
to value mortgage
@ 3% variable (0.75%
above 1 year EURIBOR
currently approx.
2.25%) over maximum
term available of
15 years (up to
age 70). No charge
for partial repayments,
1% early redemption
charge for full
early settlement.
6) - MAX
LOAN TO VALUE -
60% - Mainland
Spain & Balearics
& Canary Islands
- Euro Capital &
Interest Repayment
Loan Only.
60% maximum loan
to value mortgage
@ 3.25% variable
(1% above 1 year
EURIBOR currently
approx. 2.25%) over
maximum term available
of 30 years (up
to age 70). This
lender charges no
early redemption
penalty throughout
the term, for full
or part repayment.
** INTEREST
ONLY **
MAX LOAN
TO VALUE - 60%
- Mainland Spain
& Balearics
& Canary Islands
- Euro Interest
Only Loan for the
First 10 years only,
thereafter the loan
is Capital &
Interest Repayment.
60% maximum loan
to value mortgage
@ 3.77% variable
(1.25% above MIBOR
currently approx.
2.52%) over maximum
term available of
30 years (up to
age 70). This lender
charges no early
redemption penalty
throughout the term,
for full or part
repayment.
** CONSTRUCTION
ONLY LOAN
**
MAX LOAN
TO VALUE - 60%
(of the valuation
of the constructed
property and not
the cost of construction)
- Mainland Spain
& Balearics
& Canary Islands
– Euro Interest
Only Loan for the
First 24 months
only, thereafter
the loan is Capital
& Interest Repayment.
60% maximum loan
to value mortgage
@ 3.77% variable
(1.25% above MIBOR
currently approx.
2.52%) over the
initial 24 months
construction period
then this loan will
revert to capital
and interest over
a maximum term available
of up to 30 years
(up to age 70).
This lender charges
an early redemption
penalty of 1% of
the outstanding
amount in the first
5 years only. Thereafter
no early redemption
penalty is charged.
PLEASE NOTE THAT
THE LAND MUST BE
PURCHASED AND REGISTERED
IN THE APPLICANT'S
NAME BEFORE ANY
MORTGAGE WILL BE
GRANTED AND CONSTRUCTION
MUST BE COMPLETED
WITHIN THE FIRST
24 MONTHS.
** EQUITY
RELEASE ONLY LOAN
**
MAX LOAN
TO VALUE - 50%
- Mainland Spain
& Balearics
& Canary Islands
- Euro Capital &
Interest Repayment
Loan Only - *NOTING
THAT THE SPANISH
PROPERTY MUST BE
MORTGAGE-FREE*.
50% maximum loan
to value mortgage
@ 3.75% variable
(1.50% above 1 year
EURIBOR currently
approx. 2.25%) over
maximum term available
of 30 years (up
to age 70). This
lender charges no
early redemption
penalty throughout
the term, for full
or part repayment.
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