Spanish banks offer a varied array of mortgage loan schemes on a both fixed and variable rates.
Non-resident applicants are typically burdened with the highest rates as they appear as awkward clients. Lending entities are naturally conservative and in order to mitigate this risk they increase interest rates, increase opening commission, reduce loan periods and lend a lower percentage of the property valuation figure. A loan for a non-resident borrower is as a consequence more expensive, where these are given, as many lending entities do not even contemplate these applicants. In addition to this, we give you tips on how to obtain a reduction of rates. See what initial rates are currently being offered by the major Spanish lending entities.