New lender in Spain starts to focus on re-mortgage market
After one lender in 2020 started to put some focus on the Spanish re-mortgage market another Spanish Bank has followed suit.
Whilst still in test stages to both understand the level of requirement and to install a process that makes initial enquiry fast and streamlined if successful its will be rolled out.
Streamlined process
The key difference with this new project is that the lender will without requiring a full mortgage in Spain application is made provide details of what they can offer. This will allow potential re-mortgagees to assess the cost effectiveness of considering a move.
Because many lenders in the past added compulsory products to taking a loan the removal of unnecessary linked products may well be on its own a good reason to move for one Bank to another.
Read the full article:-Re-mortgage in Spain
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