Helping clients in French, Spanish and English

Can You Remortgage In Spain?

Mortgage Calculator

Now you can remortgage in Spain thanks to recent law changes in 2019.

The new changes to Spanish mortgage law which came into force in June 2019, now makes the possibility for clients to re-mortgage their properties in a much easier and more accessible way.

If you took out a Spanish mortgage between 2012 and 2015 for example, you may find yourself with an interest rate which is not competitive in the current mortgage market, along with a Spanish life insurance policy which was compulsory with the mortgage at the time. This may have become more expensive as the years have gone by and as you have increased in age.

We have Spanish re-mortgage agreements in place with the banks, whereby they will not charge you arrangement fees on the new deal. Nor will they oblige you to do a new valuation, and they by law will assume the notary and land registry costs.

If this sounds familiar and you are in this situation, then please get in touch with us. Mortgage Matters Spain would be delighted to assess your Spanish property mortgage and assist you with searching and securing a better mortgage deal in place.

Contact Alison at Mortgage Matters Spain today, if you have a spare half hour to chat, the banks are open for business and this could save you hundreds of euros in just a few months.

What have you got to lose?

Alison

Related articles

dog by the pool

LATEST SURGE IN ENQUIRIES FROM REMOTE WORKERS FOLLOWING LOCKDOWN

We are seeing a surge in requests for finance from international clients who are buying in Spain. During lock-down, we heard about an upswing in overseas buyers showing an interest in buying abroad – particularly […]

Learn More

What Taxes Do I Pay When Buying A Property In Spain?

Once you have decided to purchase a property in Spain, it is important to budget for all of the costs associated with the transaction, including the taxes. If you are buying a second-hand property, you […]

Learn More
Spanish mortgage tax

Good News on Spanish Mortgage Tax

In November 2018 the Spanish government passed a decree regarding the payment of Spanish mortgage tax known as AJD (Actos Juridicos Documentos). The new legislation states that it is now the obligation of the banks […]

Learn More
en_GBEnglish