Weak Pound Means More Mortgage Business and Higher LTVs

The weak pound may have put some buyers off from buying in Spain but for others it has meant they have just taken a Spanish mortgage or a higher LTV than they were originally planning to.

With house prices continuing to rise with many buyers from countries like Belgium, Sweden and Norway and investors from China and the middle east, there is no point waiting for the pound to get stronger again.

With interest rates low, and lending becoming easier to obtain, now is a great time to take advantage. Tim French of Iberian Properties and expert Mortgage Broker in Spain since 2004 has seen a massive increase in mortgage enquiries and with low interest rate like 0.99% why not take advantage.

Also, there are some great bank opportunities to be have with over 100% mortgage available with interest rate as low as 0.8%.


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