- December 19, 2016 at 9:42 pm #194029
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?
- December 31, 2016 at 12:31 pm #194127
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 firstname.lastname@example.org I am a Mortgage consultant .
- This reply was modified 2 weeks, 3 days ago by fpegman. Reason: addition
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