How easy is it to get a Spanish mortgage
Today, any people seek to buy a property in Spain to spend their vacations, for a second home or even to have a first-use home after their retirement. In this situation, anyone should consider how easy is it to get a Spanish mortgage and know all aspects of the mortgage.
Is it easy to get a mortgage in Spain?
Different Spanish banking entities have been surveyed from the Bank of Spain and in this third quarter of the year it is foreseen that the criteria for granting mortgage loans have been slightly relaxed in all modalities.
This has meant that the demand for mortgage credit has been growing in a generalized manner, something that will continue to be done when we find you in the next year 2019.
Regarding the retail and wholesale financing markets, the perspectives that banking entities have for this third quarter point to an improvement in access conditions in the fixed income securities markets, as well as in the securitization and securitization markets. in the capacity to transfer off-balance risk as well as stability in the rest of the markets.
It is very important to remember that this relaxation in terms of consumer credit adds to that detected in mortgage financing. Currently, some banks are returning to grant loans for the total value of housing instead of a maximum of 80% as they have been doing so far.
This means that more and more people are encouraged to apply for a mortgage for the acquisition of a property, so it can be said that the situation is more favorable now than at the beginning of the year.
Things may be much easier today when it comes to getting a mortgage to acquire a property, but it is advisable not to assume any kind of risk and have the advice of a professional so that everything goes as expected.