When you’re buying in Euros, it makes sense to think about applying for a mortgage in Euros for many reasons, not least because historically the Euro interest rates have been lower than the UK.
Once you have purchased your property you will easily be able to see the debt reducing and any capital appreciation.
Taking a Euro mortgage also means that the loan is secured on the property you’re buying, rather than releasing equity from your family home in the UK.
You can rest assured that Barclays will be acting in your best interests at all times and will not release the funds to complete your purchase until they are satisfied that all the relevant checks have been taken and good title has been secured.
We recognise that you might wish to buy a villa together with other members of your family or friends and will consider a mortgage application from a maximum of four individuals.
With one of our dedicated relationship managers you’ll have someone to take you through the whole process from mortgage to setting up a local bank account.
Your options
We offer a wide range of mortgages for Spanish properties and we can help you decide which is right for you. We offer mortgages with repayment periods up to 20 years.
We have a range of mortgage products whether you're:
- buying a new home
- buying a holiday home
- moving permanently
- buying off-plan
- looking for a buy-to-let investment
- renovating or constructing a new property
- remortgaging a property you already own in Spain if you need extra cash for example for refurbishments
We can help in mainland Spain (including the Canaries and Balaerics).
We can lend money on a wide range of properties, there are a few we don't cover, which are:
- Commercial use, such as hotels and restaurants
- Properties classified as "rustic" for planning purposes in rural / agricultural areas
- For purchasing plots of land that have not been constructed on or for development
