Spanish Mortgage
Mortgages in Spain saw reduced levels in November. There is some suggestion the market might be cooling off.
Spanish lenders may miss yearly budgets
Spanish Banks will struggle to make lending targets. Whilst annually there is an increase in loans it is not as high as anticipated.
Interest rate information questions of validity
Interest rate information suggests either lenders in Spain are narrowing margins significantly. Or the data is not correct. An average rate of 2.55% was recorded in the month.
As a mortgage product type Fixed rates remain the choice of borrowers. This may change because of higher redemption penalties.
Loan books in Spain increase in month
For the month Spanish lenders saw a large increase to loan books. Because cancellations and redemptions were low.
Read the full article:- Home loans Spain November
