Spanish Mortgages are an independent team of Mortgage Advisors based and regulated in the UK with many years of experience in the Spanish and English Mortgage markets.

As a useful comparison the following tables compare the monthly payments on an interest only mortgage* in the U.K. and Spain subject to status, terms and conditions.

On the Spanish side we are able to offer options which are not usually available in Spain such as interest only payments for up to the first 30 years of the mortgage, up to 90% loan to value and repayment terms up to 30 years. In the current economic climate it makes very good sense to consider a Spanish Mortgage with latest interest rates at around 4.9% as opposed to the U.K.'s 5.5 - 6%. You can very often pay considerably more borrowing money in the U.K. Some non-status or self-cert options are available in Spain, so proof of income or pension may not be required.

In the U.K. we can help to release equity from your property for any purposes. We have a full range of self-certification schemes with interest only options to keep monthly payments to a minimum. These would usually be arranged with a high street lender with no early redemption penalties and will often include the valuation and solicitor's fees being paid for you.