How to get a Mortgage in Spain

Submitted by admin on Tue, 18/07/2017 - 02:30

In some areas of Spain, such as Mallorca for example, it's almost impossible these days to rent long-term, at least not at a reasonable rental rate. It makes sense, given that Spanish property prices are still comparatively low, to buy a holiday home. However, Spain has been plagued by manifold property scandals, and it's therefore imperative to do as much research as possible before taking the decision to buy. Make sure you appoint a good, reputable lawyer, never leave anything that could become costly in the hands of developers or estate agents, and above all, ensure that every document you sign is translated, if you're not fluent in Spanish!