What is the maximum age for a Spanish mortgage?

LoadingFavourite

This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of fpegman fpegman 2 weeks, 3 days ago.

  • Author
    Posts
  • #194029
    Profile photo of Jillybea
    Jillybea
    Participant

    I am 66 and hoping to buy a property in Spain. I have been told by a mortgage broker that the maximum term I can have for a mortgage is nine years, taking me to the age of 75, which seems fair enough and would be fine. I went to a Sabadell bank in Spain last week and was told this is not true and that I can’t get a mortgage at all becuase I am over 65. Does anyone know who is correct please?

  • #194127
    Profile photo of fpegman
    fpegman
    Participant

    Mortgage term are set by the mortgage provider so will vary but normally mortgages and loans are set to finish on 75 birthday but I do know of providers that will go to 80th birthday, Sabadell were always to 75th

    If you want more information email me insure@pegman.com I am a Mortgage consultant .

    • This reply was modified 2 weeks, 3 days ago by Profile photo of fpegman fpegman. Reason: addition

You must be logged in to reply to this topic.