The bank will require that the property has an independent valuation by a bank approved valuation expert. This will be used to determine the amount of money
that can be offered against this property. Usually up to 80% for full status and 65% for self-cert. It is interesting to note that the purchase price and the
valuation figure may not be the same. The valuation may be 10% or 20% above the purchase price especially if you have purchased off-plan and the property
has risen in value since you agreed the purchase price. In such a case 80% of the valuation may be equal to 100% of the purchase price or even more. The
Spanish mortgages offered will be based on the valuation figure so there is, in theory, the
possibility to get 100% plus mortgage funding.
If you have any questions or would like a
mortgage quote we will be pleased to help. Please contact us using the following
form Spanish
Mortgages Enquiry
For Spanish mortgages
contact Olg mortgage specialists.For Information on a mortgage in Spain click
the following link: Spanish Mortgages Spain100 % Mortgage rates from just 3.9%
