More and more people
buying property in Spain consider taking out a mortgage with a Spanish bank to
finance their purchase in this country. Not only expatriates or people moving
to Spain, but also property investors, regular visitors to Spain etc.
a mortgage with a Spanish bank does have certain important advantages - low interest
rates, favourable write off conditions, easier for taxpayers to sort taxes out,
no expensive bank commissions caused by international bank transactions etc. Spanish
banks have targetted the non-resident property buyers as a lucrative group, and
as a result a mind-boggling range of low-interest loans have invaded the market
in recent years.
For the past few years, Euroresidentes has monitored the increasing number of products and loans offered by Spanish banks to non-residents in Spain, and we have advised several leading banks about the needs of non-Spanish property buyers, the kind of services we expect from a bank in terms of flexible banking, language support, low interest rates, personalised customer services, efficient online banking etc.
week we receive enquiries from property buyers seeking advice and information
about getting a mortgage with a Spanish bank. In the same way that we help our
users to contact reliable independent lawyers to represent their interests during
a property purchase to avoid future complications or disappointments, we can also
put you in contact with representatives from three major Spanish banks offering
reliable services and mortgages to non-resident property buyers. We send out regular
user surveys to monitor the standards of service and products being offered by
these banks to clients forwarded on by us, because our commitment is to offer
our users unbiased and professional advice.
SANTANDER CENTRAL HISPANO: During 2006, perhaps partly influenced by its purchase of British bank Abbey, the Santander Central Hispano has greatly improved its understanding of the needs of non-Spanish (and particularly British) property buyers in Spain, and has adapted its structure and products to cater for them accordingly.
The Santander Bank is Spain's largest bank, and places corporate emphasis on international expansion and quality close customer relations. It has invested time and resources in improving its ebanking interface in recent months, and the resulting online banking system is straightforward, user-friendly and extremely secure. British clients who have accounts with Abbey also have the added advantage of low-cost international bank transfers.
For this reason Euroresidentes is now recommending
this bank as the best option on offer for non-Spanish property buyers seeking
a mortgage and other banking services with a Spanish bank. We will be happy to
put any users interested in finding out more about products available according
to their specific needs in touch with the Director of a Santander bank. Send an
email to firstname.lastname@example.org detailing your particular mortgage requirements (amount requested, estimated value
and locationg of the property you intend to buy and estimated yearly income) and
you will be contacted by a bank representative.
|Other useful links|
|Latest news on the property market in Spain Selection of news articles related to the real estate market here.|
|Mortgages in Spain, a brief introduction to the Spanish mortgage market, how it works and interest rates in Spain|
|Spanish banks, before applying for a mortgage, find out more about Spain's most popular banks and Spanish savings banks.|
|Property taxes in Spain, description of taxes involved in purchasing property and yearly property taxes in Spain.|
|Useful Spanish vocab for buying a house - you should learn at least the basic terms. Check out our pronunciation guide too.|
|Renting property in Spain - if you want to buy to rent, then read this section and our free notice board of property to rent in Spain.|
|Spanish lawyers - information on lawyers fees in Spain for property transactions|
|Houses for sale in Spain - take a look at the kind of houses available. Or check out our free Spain property for sale board.|