Our Mortgages
We are dual-based, with offices in Spain and the United Kingdom, and can use our in-depth knowledge and expertise of both systems to find the mortgage that's right for you.
This also allows us to offer a complete follow-up service to UK residents buying property in Spain. You can keep in touch via our UK offices and we ensure you're kept up to date to ensure a speedy and satisfactory completion.
Mortgages In Spain
NEW - 80% Mortgages
MarbellaMortages.com are one of the only companies offering an 80% of valuation mortgage in Spain. Previously most people buying Spanish property were restricted to 70% of purchase price.
This reduces the "lump sum" purchasers are required to find by 10%. As it is based on the valuation of the property, which can be higher than the purchase price, this could reduce the deposit required even more. This mortgage is only available on a repayment basis, and the term is up to a maximum of 30 years, subject to age and a fixed rate of 3% in the first year.
Contact us about this.
Interest-Only Mortgages
The home of your dreams is within your means. By paying only the interest on your mortgage you can substantially reduce your monthly payments. For example, whilst the monthly repayment with a normal mortgage would be 1,739?, the interest only option reduces this to 875? (based on a mortgage of 300,000? on a purchase price of 500,000? over 20 years at 3.5%). Lump sum payments or overpayments can reduce the capital balance during the life of the mortgage.
Contact us about this.
Self Certification Mortgages
Traditional mortgages required lots of documentation, such as pay slips or accounts, to prove your income and financial situation. For many people, such as the self-employed, these are simply not available. Self-certification mortgages allow you to declare your income, with the lender requiring little or no proof of income.
Contact us about this.
Equity Release
Release the capital trapped in your property, whether you currently have a mortgage or not. The cash released can be used for any purpose; for extra income, to repay other loans, to raise a deposit, or to reduce the potentially serious problem of Spanish Inheritance Tax.
Contact us about this.
Resale Purchase
To differentiate from the large number of new homes being built in Spain existing properties are known as a "re-sales". It's important to bear in mind that costs, including taxes, can amount to 12% of purchase price. We can help you plan for every eventuality and ensure a smooth completion on your Spanish home.
Contact us about this.
Buying "Off-plan"
Many properties in Spain are sold "off-plan" before construction commences. This special situation requires a flexible response. We can arrange to raise the finance for the deposit and any stage payments and save you unnecessary interest payments. For more information see our Buying "Off-plan" page.
contact us about this.
Construction/Self Build Finance
These days many people decide to build their own dream home in Spain. Once the land has been acquired, we can arrange stage payments up to 60% of valuation to be released at various key stages of construction, such as; beginning foundations, putting on the roof, and horizontal division etc...
Contact us about this.
Inheritance Tax Planning
In Spain Inheritance Tax can reach up to 50% of the equity in your property. There are schemes available that allow you to re-mortgage your home, invest the proceeds and provide you with an income whilst simultaneously reducing your inheritance tax liability.
Contact us about this.
Mortgages In The UK
Expat Mortgages up to 95%
This can benefit those now resident in Spain who still own property in the UK or would like to purchase a property in the UK. Up to 95% of the value of the UK property can be borrowed, for re-mortgage or purchase, at extremely competitive rates.
Remortgage on Existing Property
We can arrange a re-mortgage of your property to release money trapped in its increased value. The money raised can be used for any purpose, including; home improvements, overseas property purchase, loan repayment, or extra income.
Self-Certification Mortgages
Many self-employed people pay their accountants good money to reduce the net profit on their accounts in order to save tax. A traditional lender would look at these same net profits to calculate the maximum possible mortgage advance. To solve this problem, we have access to self-certification mortgages, which allow you to state your income, with limited or sometimes no proof of income required. This is also an ideal solution for those people who receive income from various sources.
UK House Purchase
We can provide a range of products from a panel of lenders to help you purchase property in the UK. From discounted, base rate trackers, capped and fixed rates with a choice of repayment, interest only or a combination of the two, we can provide a tailor-made mortgage that best suits your requirements.
Portfolio Funding
We can provide funds for the purchase or re-financing of both residential and commercial property portfolios. Please call us to discuss your exact needs.
Buy-to-let Mortgages
We have specialised in the residential investment arena for some time and have a wealth of experience of being both landlords and borrowers ourselves, so we can offer accurate information on this type of funding. We have access to schemes that allow you to maximize your borrowing based on the rental income received. We also have some schemes based on self-certification of income as opposed to the rental income of the property. We can also advise how to use your equity to enhance your portfolio.
Investment Property Sourcing
We can assist with the sourcing of residential investment properties, which have a genuine discount negotiated from the true valuation. These can be purchased on an off-plan basis, to allow you to leverage your investment. Please contact us for opportunities we have available.