Equity Release in Spain

If you are looking to release some of the value from your property in Spain a Spanish mortgage could provide just the solution you need.

You can release funds for a variety of reasons and are rarely asked to provide evidence of destination of funds.

Loan to values are likely to be limited to 60% in the current market. Rates start from Euribor plus 1% dependant on bank, loan to value and what the cash is required for. Euribor rates are now dropping so this could be the ideal time to consider releasing funds.

Normal set up costs of mortgages will apply but all these costs apart from valuations are deducted from the advance so it costs nothing to get an approval for the loan.