+ 44 (0) 1844 218 957
+ 44 (0) 1844 218 956
Specialists for individuals and small businesses in:
French Tax Administration Services
French Tax Planning
UK Tax Administration Relating to French matters

Spanish lender is able to waive bank arrangement fee and cover associated mortgage costs

Wednesday, 9 January, 2019
img

We do have access to certain Spanish lenders that will pay for  or waive associated costs , keeping the purchaser's costs down .   These include the following :

the bank arrangement fee ,which is usually equal to 1% of the mortgage amount subject to a cap ,

the property value fee , this varies according to the purchase price but usually is a minimum of 600 E including VAT

the mortgage registration fee .  This fee is collected by the Spanish Solicitor to register the Mortgage Deed. It's a percentage of the mortgage amount .  Based on  a  mortgage amount of 100 000 E, it is estimated at 2000 E  .  

Based on a  mortgage amount of 100 000 E the estimated saving for the above 3 fees is approx 3.600 E

Please refer to our Spanish mortgage calculator which will provide estimates for the above three fees in order to calculate the saving on a different mortgage amount .  Please contact our office to see if your application qualifies .  

Top