Buy to Let: Bank offers 113% mortgages – on repossessed flats in Spain

(The Telegraph) Banco Popular is offering zero-deposit mortgages on Spanish holiday homes in a desperate bid to shift unwanted properties.

The mortgage tracks European interbank rate “Euribor” plus 0.9pc for the first year, rising to 2.39pc plus Euribor afterwards. By comparison, most Spanish mortgages tend to require a minimum 30pc deposit and interest rates start from…

By Kate Palmer – 7:30GMT Mar 21, 2015

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