So how can you get a mortgage in Spain? The procedure to buy property is encouraged by Spanish banks and real estate agencies who want to lure foreign investors. They even put at your disposal information centers throughout France, with qualified personnel able to take care of non resident clients. It’s easier to get a very affordable mortgage rate due to the tough competition between banks. Mortgages offered are at a fixed rate, or at a floating rate according to the investor. These types of mortgage granted by Spanish banks are more flexible than in France but require more documents to complete your file. Usually they are allowed to fund up to 70% of the property value and the maximum debt-to-income ratio is 33% but can be negotiated.
For further information about getting a mortgage in Spain, visit our web site http://www.credit-