What is the best way of getting around laying out a large deposit when purchasing a property in Spain?
Can anyone offer any good advice?
Banks in Spain, appear to be quoting 60% ish LTV.
However, understand that the valuations carried-out are normally over the 100% mark(maybe even 130%!)
Could anyone shed some light?
Any further suggestions of a good mortgage broker to use who speak good/reasonable English?
You could try to re mortgage your UK home / raise funds here to cover it.
Or you could try the Halifax who do mortgages for forign house purchases.
another way is to get the bank to over value it, 100% morgage given friends of ours have done here
i think it depends if you mean not paying a lot of money up front for an off plan or if you simply require a high percentage mortgage. On a new build a 10% deposit will suffice if you are able to complete within 3 months, although this doesn't necessarily mean you would be able to get a mortgage for the 90% balance
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