October loan figures.
October loan levels in Spain showed a small decrease over September of 2018 but good increases when compared to the same month of the previous year.
Mortgages in Spain grew yearly by 20.4%
Interest rates
Interest rates remain low although we may see some upward movement when December data is published due to the Spanish Banks raising rates after being forced to pick up mortgage deed tax costs.
Bespoke mortgage applications
New mortgage regulation will be issued in 2019 and some lenders in anticipation of the canes are starting to drop charging any fees related to the loan set up for premium clients.
Linked to this are compulsory products and very tight debt to income ratios along with ,minimum net earning requirements but more and more lenders in Spain are looking to tailor product terms to the fiscal quality and risk profile of the applicant.
Net loan inflows in October
More new home loans completed in the month of October than were redeemed giving a second month of net inflows.
Read the full article :- Mortgage performance for October
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