Mortgage – Fia Addicks

Thinking About Buying a Property in Spain? Let Us Help You Secure the Best Mortgage!

Buying property in Spain can be an exciting but complex process, especially when it comes to financing. Whether you’re a first-time buyer, an investor, or looking for a holiday home, navigating the Spanish mortgage landscape requires expert guidance. We specialize in helping clients like you find the best mortgage deals tailored to your needs.

Let’s explore how you can secure a mortgage in Spain and make your property dreams a reality.

What Are the Normal Rules When Getting a Mortgage in Spain?

Loan-to-Value Ratio (LTV): The LTV ratio determines how much you can borrow. For residents, the maximum LTV is typically 80% of the property’s value; for non-residents, it’s usually 60-70%.
Maximum Mortgage: You can get a mortgage up to max 0.35% of your monthly salary. If you’re earning €1.500 monthly, your mortgage payment can be max €525 per month.

Interest Rates: Spanish mortgages can be fixed, variable, or mixed. Fixed rates provide stability, while variable rates can fluctuate with the market. Mixed rates offer a blend of both.
Term Length: Mortgage terms in Spain can range from 5 to 30 years. The length you choose will impact your monthly payments and the total cost of the mortgage, and not to forget, your age.
Fees and Costs: Be prepared for additional costs such as appraisal fees, notary fees, property registration, and taxes. Typically, these can amount to 10-12% of the property’s purchase price.
Insurance Requirements: Most banks will require you to take out home insurance and, in some cases, life insurance as a condition of the mortgage.
Currency Considerations: If you are a non-resident and your income is in a different currency, be mindful of exchange rate risks.

What We Offer

Expert Guidance: Our team of financial advisors are experts in the Spanish property market and mortgage process. We provide tailored advice to help you make the best financial decisions.
Access to the Best Deals: With our extensive network of banks and lenders, we can secure the most competitive rates and terms that suit your needs.
Personalized Service: We believe in a personalized approach. Our advisors will work closely with you every step of the way, ensuring a smooth and stress-free experience.

Fast Track Your Mortgage Application Here!

What our clients say about us

Fia is an allround professional. Not only does she bring all the qualities to the table that are required to be a good broker in Spain, she is also proactive, enthusiastic and had a keen eye for the match between property and future owner. I am happy we met, both as a new home owner as well as a person. Don’t change!

I have never imagined that property buying process can be that hard and stresful. With all love to Spain and Spanish volks going through bureaucracy, mañana attitide and unclear procedures is hell on earth. "Don't try it at home" or by yourself:) And when I was just about to forget my living in costa del sol dream I found Fia! She was professional, helpful and honest! Integrity is Fia's second or even first name. When you spend all your life money you need to trust someone! There is no better person in Andalucia to trust and deal with than Fia. Very highly recommended!

I have had, as a buyer, a very good experience, they have taken care of everything, they have helped me in all the arrangements and the treatment of all and in particular of Fia has been 10. I am very grateful for your services.

A person who is very professional. I found here through a friend and it was very convenient that she speaks Dutch as well. She helped me from step one till the end. I am very happy with how the process went.

Wonderful service when we were looking for an apartment in Malaga. Fia Addicks is the best, she helped us not only with finding the apartment but also with a lot of other practical questions. Thank you so much Fia!