July mortgage completions in Spain
July saw a rise in Spanish loan completion from June this year and July last year.
June levels were depressed due to cancellation of completions because of regulation changes. July may have been affected by some of Junes anticipated completions rolling over to July.
Interest rates
Interest rates remain stable although fixed rates are up on last month and last year, however these are by very small margins.
Affect of regulation on certain borrowers
Some nationalities have had loan offers pulled due to Spanish Banks stopping lending to some applicants who don't earn their income in Euros or any of the major currencies.
Scandinavian, Belgium and German buyers and borrowers are on the increase.
Read the full article :- July home loans up in Spain
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