Multi-currency mortgages in Spain:

A multicurrency mortgage is flexible and attractive solution for property purchases or reformation: It allows the client to choose the currency with the lowest interest rate. Saving huge amounts on interest payments.
Being able to choose between the Swiss franc or the Japanese Yen to the euro can have amazing savings.
With a Yen mortgage for example. The first two years are interest only: 300,000€ mortgage is less than 500€ per month interest rate of less than 2%.

Multi currency mortgage conditions.

  • Up to 88% of the purchase price (maximum 80% of the valuation)

  • Minimum amount to borrow 150,000 Euros

  • Maximum term 30 years

  • Quarterly or half yearly payments

  • The mortgage can be converted into another currency (including Euros) every three months without any additional costs.

  • You can choose constant or decreasing payments system

  • Currency exchange commission for repayments: 0.30%

  • Interest only periods available

  • Multicurrency Current and savings accounts and insurance against currency fluctuations.

  • Confidence of over 1,000 branches throughout Spain

What you need:

Buyers must qualify for the loan, proving they have sufficient income to afford the monthly payments (max 40% of net official income), with the following documents:

  • Passports

  • NIE numbers

  • Private purchase contract of property

  • Signed authorisation for personal data processing and declarationof assets

  • Bank statements

  • Salary slips for last 3 months

  • Proof of official income depending on what country (P60, Tax return….)

  • Experian report, for UK residents only

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