Finance and Property News

The mortgage market has been hit hard by the effects of the pandemic. So its good to know that lenders are still lending and adapting their models to the times. For example, we can offer 90% loans for residential mortgages and 75% loans for BTL mortgages, both with a...

The MHI Group have been helping clients purchase holiday homes and investment properties for many years. Our main markets being Spain, France, Portugal Italy and the USA. The pandemic has affected mortgage markets around the world, but we still have lenders lending in...

The Eurozone interest rate has now marked its fourth anniversary in negative figures, meaning mortgages in Spain and other common-currency nations will continue to be low – in fact, the closing figure for February was the second-lowest in 14 months. Spanish...

Spain has seen rental prices increase for the 5th year in a row, increasing by 5.5% year on year. Buy-To-Let in Spain has proven a hugely successful investment for investors with large landlord tax breaks of 70%, or more, on rental income tax, which is also available...

12-month Euribor, the base rate used to calculate interest payments on most mortgages in Spain, came in at -0.261 as a monthly average in December compared to -0.129 the same a year before, meaning it was more than twice as low over 12 months. As a result, borrowers...

16,209 Spanish homes were bought by foreign buyers in the second quarter of 2019, but where do they buy? The market with the highest proportion of property buyers from abroad was Alicante province in the Valencia Region, home to the Costa Blanca, where 41.81% of home...

12-month Euribor, the base rate used to calculate interest payments on most mortgages in Spain, came in at -0.339 on average in September compared to -0.166 the same time last year, so more than twice as low as it was a year ago. As a result, borrowers in Spain with...

HOMEOWNERS with a mortgage due for its annual review this week will see their monthly payments drop again now that the Euribor is set to end July at a new historic low. The Eurozone interest rate, upon which mortgages in Spain are based, will end the month on -0.282%,...

A recent change to Spain’s mortgage law makes banks pay more of the set-up costs, which they have promptly passed onto consumers in the form of higher borrowing charges, reveal figures from the Bank of Spain. The latest economic report touching on the housing and...

Anyone signing for a new mortgage since the 17th June 2019 will have noticed a dramatic change in processes now that legislation has introduced a complete overhaul of the home loan system covering who pays what, how applications are approved, and what the lender can...