The offer of different mortgage products in Spain has increased considerably in the last few years.
We offer you a tailor-made financial solution to suit your needs in 3 steps:
Being up to date on all policies and mortgage practices, we work with many lending institutions also international ones so that our clients have a wide range to choose from, and we ensure that we will find the best service for you.
Frequently asked questions
What are the main types of mortgages in Spain?
In the past, the majority offered were variable rate mortgages but now there are actually a number of products on the market and, therefore, BMS will discuss your requirements with you before recommending a suitable product.
Should I appoint a lawyer?
We strongly recommend that you appoint a lawyer who will ensure that all the necessary checks are carried out on the property.
How much can I borrow?
The lenders will decide this after checking your personal and financial profile. But, in general, the LTV is about 60–70% of the purchase price or the taxation of the property for non-residents.
How much will it cost to buy a property in Spain?
There are taxes, deed costs and osmetimes bank charges when purchasing a property. At the moment, a general guide is 10-12% of the declared purchase price.
How long does it take?
The timescales depend on the banks but, usually, the whole process can take between 8 and 10 weeks to complete if there are no complications.
So what is the next step?
Contact us for an initial chat to find out how we can help you to sort out the best mortgage for your property purchase.
You still have not found a suitable property?
Please contact us.
Where does BMS operate ?
BMS is focused in mortgage advice in Ibiza and mortgage advice service in Mallorca but also cover the rest of Spain