Originally Posted by donz
Just trying to get myself in order before starting to think about attempting to get a mortgage for a property in Spain
There is Santander & Halifax in the UK who will do them but also I presume I can approach Spanish banks?
I presume first of all that I will need an NIE - how long will I need to arrange a 'flying' visit to Spain for to get this?
Also, on top of the purchase price is there anything else I need to budget for (apart from the obvious such as lawyer fees and moving fees) - the mortgage arrangement fee gets added to the mortgage.
around here you'll need to be buying a repo directly from a bank
my OH knows a lot of estate agents of various nationalities & they all have recently reported the same problem
they have all shown properties to 'sure thing' (read 'loaded') clients recently who have approached various local banks for a mortgage - mostly 50% or less on 1 million + euro properties
every one of them has been refused - only to be approached directly by the banks a few weeks later with a guarantee of up to 90% mortgage - IF they buy a repo directly from the bank