Spanish lending levels reduced
Mortgages in Spain saw a further month of decreases. In terms of numbers of, also capital lent and average loan sizes.
Economic pressures are affecting the level of buyers of homes and lending requirements.
Interest rates
Choosing the right product type for now and the longer term due to interest rate volatility has become more difficult. Non resident mortgages in Spain are available. Variable, fixed or mixed rate products are the option.
A full understanding of these before making a decision has become crucial for those going through the application process in Spain.
Spanish Banks
Spanish Banks have reduced margins above Euribor. However they are currently experiencing net outflows to their mortgage books.
Read the full article:- Downward trend for Spanish Mortgages
