Spanish Investment Opportunities
Mortgages for non-residents in Spain are typically 50-70%, but you can now get up to an 100% mortgage on your new home when you buy a property with Iberian Properties.
A selection of some of the properties we are offering are currently owned by the banks (ie they’re repossessions) or by developers whom the banks are financing. Banks are not in the real estate business; they are about loans. They would rather hold loans than real estate, hence why they have given the real estate to us. One of our conditions was 100% mortgages in place for our clients.
As we’ll only take on developments exclusively that the banks and developers have discounted to make them attractive enough for today’s market, the banks are more confident to lend against them. Thus they have (with some persuasion, it must be added) agreed to lend our qualifying clients the full purchase price. This is something not seen in Spain before for foreign buyers
Bank Repossessions naturally attract attention as they are associated with genuine bargains. In addition, we also list distressed and pre bank repossession properties, both new and resales. In many cases these can offer a better investment opportunity. Bank repossessed property may have been overvalued originally, if purchased before 2009, to maximise the mortgage for the borrower, and post repossession there will be legal charges on top of the outstanding debt.
Bank Repossessions are now in high demand and properties are being sold every day; These properties, located throughout Spain, are all sold for the value of the debt, in most cases at a fraction of the true value and of the market valuation price and include:
Apartments, Penthouses, Townhouses, Villas, Fincas, Golfing Properties
For access to the external portal which includes 1000’s of properties across mainland Spain and their islands please forward to us your contact details
Or please contact us for more information on the 1000’s of properties available with up to 100% mortgage finance on Spanish properties.