Will a spanish bank cover any of the associated Euro mortgage fees?
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 .