Have you ever looked at that glossy brochure of a balcony overlooking the sea and wished it was you sitting there ? Dreamed of the beautiful Villa overlooking the Golf Course? Well our mortgage provider really can make those sorts of dreams come true. For over 20 years they have been assisting clients just like you secure their dream home or investment.
By answering just a few key questions, they can advise you of your lending potential, giving you a maximum house price so you can search for a home you can actually buy. You may just surprise yourself with just how inexpensive owning that dream home can be. If you are an investor looking to add to or start your portfolio we can also advise the same.
If you are considering a mortgage to fund your property, the amount you can borrow varies considerably depending on your individual circumstances. For example, if you are not a resident of Spain you could still borrow up to 70% of the property price or valuation (whichever is the lower) whilst as a resident of Spain the amount you can borrow increases to up to 80% of the property price or valuation (again, whichever is the lower).
Whilst you can go directly to a bank to apply, in recent years the use of a mortgage broker has become more and more popular. Most mortgage brokers work with all mainstream banks and lenders and as such are far better placed to secure you more preferable terms. Many brokers can also secure, on your behalf, special rates for things like home insurance and life insurance linked to your mortgage along with discounted rates tied to the amount of mortgage business they give to a specific bank.
Another benefit of a broker is the process of Pre-Qualification. By answering just a few key questions, a broker can advise you of your lending potential and Pre-Approve your loan in principle (subject to bank final approval) giving you a maximum house price so you can search for a property you can actually buy. You may just surprise yourself with just how inexpensive owning that dream home can be. If you are an investor looking to add to or start your portfolio the same rules apply.
In summary, a mortgage broker takes a lot of the complications out of the process, guiding you through things from the initial quotes and affordability through to completion and beyond and can also arrange for things like power and water contracts being changed into the name of the new owners.
For more information on anything mortgage related or a chat about how much you could borrow, please complete the contact form below: