Mortgages

At Almeria Bar Sales we aim to provide the buyer with a complete home buying service. That is why we research carefully, brokers and suppliers in order that we ensure the services they provide will make your ride through the Spanish property purchase and smooth as possible. Our Mortgage brokers can offer an extensive list of the latest products on the market available via Spanish lenders. Here are a few examples:

Mortgage Products

• 100% Loan to Value mortgages.
• Up to 40 year Repayment mortgages
• Interest Only over 5 and 10 years
• Interest Only for 5 years followed by up to 30 year repayment.
• Self Certified Mortgages - with no proof of income borrow up to 60% L.T.V.

100% loan to value

• 100% LTV for Spanish Residents with provable income and track record.
• 100% plus costs - change of house mortgage which provides for the new purchase by taking a mortgage on the existing house as well as the new one. No payments for the first 3 months! 3 years to sell the original house before paying back any capital.
• 80% LTV for Non-residents. – 35 year term to keep payments low.

40 year term mortgages

• Repayment terms up to 40 years.
• 70% LTV Interest Only up to 40 years, based on valuation, not purchase price.
• Larger mortgages, (Above €500.000) 100% of purchase price + up to 18% costs

Interest Only Mortgages and Self Certificated

• 30 years Interest Only mortgages / re-mortgages with NO AGE LIMIT and NO REPAYMENT term
• 70% LTV Interest Only up to 40 years, based on valuation, not purchase price.
• Up to 10 years interest only followed by up to 30 years repayment to a cap of 80% L.T.V.
• Up to 70% L.T.V. with no declared income.
• Special deals for the Self Employed, and those who find it hard to prove income.