| Financial
Services > Mortgages
> Holiday
Homes > Spain
Mortgage Broker
Some people think
about the costs
involved in using
a broker and wonder
if they really need
one to act for them.
If you have Banks
that you can go
to direct, then
why pay someone
to do it for you.
The experienced
broker can pull
things together
for you and ensure
that problems are
dealt with before
they arise, because
they have dealt
with this process
many times and are
aware of the potential
pitfalls.
Most brokers will
only charge a small
fee for their service,
as they may also
receive remuneration
from lenders. The
customers that have
used a broker have
said that this is
a small price to
pay for reducing
the hassle and stress
that is involved
in any property
purchase and take
care of all aspects
of the transaction
as well as offering
advice on the process
and products available.
Brokers DO add value.
Managing customers’
expectations with
regards to the timescales
involved in purchasing
property abroad
are pivotal to arranging
a successful completion
and can generally
take longer than
in the UK. Vendors/Agents
will normally pressure
you to complete
in unrealistic timescales,
but the broker can
manage this aspect
of the process more
effectively.
|
Lender |
Max
Loan |
Bank
Fee |
Max
Term |
|
Banesto |
70% |
1.5% |
25
years
(Max
65)
|
|
|
|
|
|
|
La
Caixa |
70% |
2% |
25
years
(Max
70)
|
|
|
|
|
|
|
Caja
Duero |
80% |
2% |
25
years
(Max
65)
|
|
|
|
|
|
|
Solbank |
70% |
1.8%
(Min
€450)
|
30
years
(Max
65)
|
|
|
|
|
|
|
BHH |
70% |
1%
(Min
€600)
|
30
years
(Max
70)
|
|
|
|
|
|
|
Real
Mortgages |
75% |
1%
(Min
£350)
|
20
years
(Max
65) |
|
|
|
|
|
|
Barclays |
70% |
0.45%
or 1%
(Min
€600)
|
25
years |
|
|
|
|
|
|
Own
Overseas
(TSB) |
70% |
1%
(Min
€450)
|
25
years |
|
|
|
|
|
|
<<
BACK
|
