Free mortgage for 3 years
Posted on February 8, 2010 by Mark
Filed Under Mortgages & Euribor | Leave a Comment
It makes you wonder what is going on when a Spanish savings bank starts offering to lend you money for free, at least for 3 years. A mortgage with no interest or capital repayments at all for the first 3 years, and no capital or interest roll up for later years. Also, a mortgage with no admin fee (apart from notary costs, I guess) and a LTV of up to 90%. None of that sounds like good business for a mortgage lender, so why offer it? Read more
Banks to put “huge quantity” of homes on market says expert
Posted on February 5, 2010 by Mark
Filed Under Property market | Leave a Comment
Spanish banks will have to put a “huge quantity” of repossessed homes on the market over the next few months, said Juan Iranzo, Managing Director of the Institute of Economic Studies (IEE), during the presentation of a new book on the Spanish economy and housing market, sponsored by the savings bank Bancaja. Read more
Minor victory for retired British owners of demolished home
Posted on February 3, 2010 by Mark
Filed Under Problems & scandals | Leave a Comment
Len and Helen Prior
Len and Helen Prior, the British pensioners whose home in Vera, Andalucia, was unlawfully demolished by the authorities, at last have something to cheer about in their battle for compensation. They can now move out of their garage, where they have been living for the last 2 years since their home was demolished in front of them, and into rented accommodation paid for by the town council. Read more
The buying opportunity of a decade
Posted on February 2, 2010 by Mark
Filed Under Buying & building, Investing | Leave a Comment
The opportunity of a decade for Prime beach locations like Cala Tarida
Property markets are cyclical, and the time to buy prime property is now, during the bust, when everyone else is trying to sell. We could be on the threshold of the buying opportunity of the decade. Read more
Latest Euribor and Spanish mortgage news
Posted on February 1, 2010 by Mark
Filed Under Mortgages & Euribor | Leave a Comment
A summary of Spanish mortgage and interest rates news
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