Once you have decided to buy a property in Spain, it is common that part of it will be financed via a mortgage. It is also important to properly inform yourself what the costs are that you can expect when purchasing the property. The buyer's costs consist of two parts: the costs for the purchase and
Reduction of transfer tax in Andalusia until 2022
In order to stimulate access to the housing market, the Andalusian government has adopted a decree to alleviate the economic crisis situation due to Covid-19. The measures were announced by the Junta de Andalucía on 27 April and will be in force until 31 December 2021. Below I explain the most
Key Points of the new Spanish Mortgage Law
A new mortgage law, created by the Spanish goverment, came into force in June 2019. It makes the mortgage process more transparent for the consumer and to clearly establish the conditions. That means to determine who pays what costs and who is responsible for what. New distribution of costs
Benefits & conditions for financing second home in Spain
Now that you have decided to buy a property, it may be interesting to research to finance part of this through a Spanish mortgage. The choice of financing via mortgage has a number of advantages: You keep your liquidity.Take advantage of the favorable current interest rates.You can study a
Required Documentation for a mortgage application in Spain
Besides finding your dream home, the mortgage application is one of the most time consuming steps. The better the dossier is prepared, the sooner the agreement can be issued. We therefore always recommend to ensure that the documentation is offered as complete as possible, so that the bank