Spain Mortgages from UK Lenders

When a potential non-resident purchaser of a Spanish property begins to consider their mortgage options there are a series of hurdles that come up – does one take a mortgage with a Spanish bank and risk essential details and advice being lost in translation or does one take out a mortgage in the UK and then face high bank charges and the risk of currency fluctuations for example?

There is a solution that many British buyers ultimately find very useful indeed - and that’s applying for Spain mortgages from UK lenders who have a banking presence with specialist expatriate lending experience in Spain.

By taking a mortgage out to buy Spanish property with a British bank in Spain, British expatriates and non-resident purchasers manage to achieve a best of all worlds situation. 

For a start they draw on the experience of the likes of Barclays Bank which is a leading British lender in Spain - this bank has been around for hundreds of years and have been in the Spanish market for over thirty years. 

Barclays not only understand a British person’s requirements and concerns, they understand the local laws, rules, regulations and processes in Spain as well when it comes to mortgages, loans, savings, finance and general banking. 

In addition to all this, Barclays not only handle all the paperwork, application process and ongoing mortgage management and customer support through the medium of English, they give mortgages in Euros in Spain so that there is no currency fluctuation risk and this also reduces bank fees substantially and often means clients get access to preferential Euro interest rates.

Another interesting fact is that in Spain mortgages from UK lenders are becoming ever more popular with British expatriates who are already living in Spain – this has a great deal to do with the fact that most British expats like to keep a UK or an international bank account and retain close ties with the UK.  For them, having a British bank in Spain with whom they can bank, liaise, raise a mortgage and handle all their financial affairs safely, securely and through the medium of English is absolutely perfect.

Barclays Bank in Spain offer mortgages, remortgage facilities and also finance for renovation of property – they assign each client a relationship manager who has first hand experience of the Spanish financial marketplace but who speaks fluent English and can relate everything to the British clients in terms that they understand.

If you want to learn more about the services and facilities that Barclays offer, click here and complete their short contact form – a Barclays representative will then call you back to discuss all your mortgage and financial needs in Spain.

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