mortgage brokers

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This topic contains 7 replies, has 6 voices, and was last updated by Profile photo of Anonymous Anonymous 6 years, 7 months ago.

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  • #55531
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi again Thinking of coming to Spain in September to look at some properties. Want to get things up and running well before that . Does anyone have name of reputable mortgage brokers ❓ Just trying to do my homework 😕

  • #97820
    Profile photo of katy
    katy
    Spectator

    My advice would be to stay away from mortgage brokers. I know some on here will not agree (mainly because they have links to said brokers). It is easy to call in any local bank and apply. If you really need to use a broker read the small print at least 5 times 😆 Some claim they will get you a great deal and just take your money, be careful!

  • #97821
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi katy,
    When you’re referring to a bank is that at home or in Spain ❓

  • #97823
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    a vast majority of mortgage brokers are a waste of time, but like everything some actually offer a useful service.

    It will come down to you. How easy is it going to be for you to get a mortgage, how much time do you have to go banks?

  • #97826
    Profile photo of Inez
    Inez
    Participant

    Most if the useless ones have had to go back to their own country or do something else. A good broker will offer free initial advice and only charge if you decide to take up the offer he/she has for you. They can also assess your case and will know which banks will accept your particular documentation.

    If you go to the banks direct, first of all it takes ages, and secondly they will take forever unless you are here on the ground and know what to provide.

    A good broker will have a good realtionship with several banks and be able to negotiate a better rate in some cases, or a higher percentage borrowing.

    PM me if you want the details of one.

  • #97827
    Profile photo of katy
    katy
    Spectator

    Told you so 😆
    http://www.spanishmortgage.org/ loads if you google 😮

    One here, can’t see any info’ about charges, heard of 1% but don’t know. I do know someone who paid a broker who promised them a better mortgage than anyone else and then didn’t come up with the goods (offer)

  • #97830
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi dominic218,

    I was recently enquiring about mortgages in Spain – I have mortgage here in Ireland for property and would rather it be on the spanish property – so it is equity release. I found International Mortgage Solutions to be very informative and honest in their opinion and laid out all the details for me. I don’t have any affiliation to this company. Don’t have the correct website to hand but if you google you will find them.

  • #97925
    Profile photo of Anonymous
    Anonymous
    Participant

    I understand what everyone says about using a broker, and especially if you are not permanently around to keep chasing the application up you do really need someone to keep on at the bank. I have been to a broker, and provided quite a bit of information to him for my application, but now I am getting no response from him at all. I suspect as Inez says that he was one of the useless ones. It is sooo annoying when the I phone and it just rings and rings, and emails remain un-answered. I think I have learned my lesson, but would love to know where he went, and why!!

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