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Financing Property Purchase in Spain

Financing your villa purchase in Spain must be a priority when deciding to buy a property for sale. Whether you are paying for your apartment or villa in cash or taking out a mortgage we can advise you on the pros and cons of the various options. You will need to consider questions like:

	Can I get a mortgage for property in Spain?
	What are the Capital Gains Tax implications?
	What are completion costs and how much are they likely to be?
	Will the income from letting my villa pay for the mortgage?
	Will I need to open a bank account in Spain?

We will guide you through all stages of organising your mortgage and finance.

'I haven't got much money in my bank account for a deposit'
Not many people do - but what you can do is to look for other ways to raise the money, a very common practice in this age of multiple home ownership. One common method is to release capital tied up in your own house, which may well have appreciated since you first took out your mortgage. By increasing the mortgage on your own house you can release the capital needed for the deposit on a second home. Another option is to buy the villa with another friend or family, sharing the cost of the deposit. Whichever method you choose, it is important that you don't overstretch yourself financially and consider the process carefully. Many people can make it happen with a little imagination.

If you have questions about financing property purchase in Spain contact us and we can give you good advice.