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Spanish or UK morgage
Posted: Sat Jul 11, 2020 5:52pm
Hi should I go for a Spanish or UK morgage, what is the minimum deposit for a Spanish mortgage.
What is the buying market like Costa blanca. I would be grateful for any advice. Thanks.
Given a choice it's preferable to borrow money in the same currency in which you earn it.
Posted: Sun Jul 12, 2020 5:26am
Legendary helpful member
The setup charge for a Spanish mortgage is high, but look at the costs and interest rates for both options and work out which would be cheaper over the life of the mortgage.
I don't know, but there might be problems with the land registry - Registro de la Propiedad - if a property isn't subject of a Spanish mortgage.
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