This guide - How to buy a property in Spain - sets out essential information for British nationals wanting to buy a property in Spain and is produced by the Foreign & Commonwealth Office.
At MedCosta we work closely with highly professional people who can guarantee that all documents are in order and the property is debt free. We also offer one-to-one viewing trips in the Costa Blanca South which is the perfect way to cover everything you need to make an educated decision.
READ GUIDE VIEWING TRIPSApplying or obtaining a Spanish mortgage is similar to applying for a mortgage in the UK. You can normally borrow up to 70% of the purchase price (excluding purchase costs). Higher loan to value mortgages are available of up to 100% for some repossession properties.
Proof of income and affordability is key to getting approval. We would encourage anyone needing a mortgage to obtain a decision in principle first. This is a relatively simple process, requiring some basic information and providing documents which prove a good credit history, earnings and affordability.
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Smart Currency Exchange help our clients protect their budgets by working out the currency strategy that works best in each situation. MedCosta recommend that you register with Smart as early as possible in your property search to minimize the effects of currency fluctuations. Registering for your free, no-obligation account only takes a few minutes and will get you the guidance you need during your search and the peace of mind once you have decided on a property.
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