Mortgage Direct was founded in 2006 and has grown to become the leading independent mortgage broker in Spain.
Our position as market leader allows us to achieve the best interest rates from the main lenders and offer mortgage solutions tailor-made to the needs of the buyer.
Due to the size and quality of our business we can negotiate exclusive mortgage conditions directly with the banks.
In Spain there are three main hurdles when getting a mortgage as a foreigner.
- Regulation and bureaucracy
- Maximum borrowing amount
Let’s take each in turn.
Language and communication
Our advisers speak a range of languages including Spanish, Portuguese, Dutch, French, Polish and German, and can help you with communication with the banks and with the translation of documents.
Regulation and bureaucracy
The mortgage market in Spain was regulated in 2019 and our team is fully qualified in accordance with the regulations. The mortgage process differs from bank to bank in Spain and in general you can expect to wait up to 12 weeks from application submission to completion. We advise you to start the application process as soon as possible.
The maximum borrowing amount for non-residents is 70% of the property price subject to valuation. For fiscal residents in Spain the maximum borrowing amount is usually up to 80%. Spanish and Portuguese banks will allow around one third of your net monthly income to cover your current financial commitments and the new mortgage repayments. We offer initial advice and a no-obligation mortgage quote free of charge. We also offer a money-back-guarantee* if a formal application is declined or is for a lower amount than originally quoted and you decide not to proceed.
Under Spanish regulations, mortgages taken out in currencies other than the currency in which you earn are considered Foreign Currency Mortgages. Changes in the exchange rate may therefore increase the equivalent value of your debt. Under the Mortgage Law 5/2019, banks in Spain have introduced mechanisms to protect consumers from exchange-rate risk. For more information, please speak to your broker.
Mortgage Direct S.L. is a company registered in the Registro de Intermediarios de Crédito Inmobiliario del BdE with the nº D108.
* In Portugal, Mortgage Direct does not charge any fees at all that relate to mediating on the mortgage. All advice given is free of charge and there is no obligation to use our additional services.
Do you need a mortgage in Spain? Fill in this form to get the ball rolling:
My Legal PA Associates
Lawyers Qualified to Practise in Spain
My Legal PA Associates
Lawyers Qualified to Practise in Spain
WE ARE A SMALL FIRM, BUT HIGHLY BESPOKE.
We offer a highly personalised service with an experienced team of English-speaking professionals, delivered by qualified bilingual solicitors (abogados), administrative agents (gestores), specialist consultants, private investigators-detectives, and ceremony officiants.
A Gestor (or gestoría) is a private professional agent who specialises in dealing with Spanish administrative bureaucracy on behalf of a client. They provide services on a wide variety of bureaucratic procedures (e.g., tax, accountancy, vehicle registrations, residency, and nationality applications etc.), and although there is often no equivalent to this role in many other countries, instructing a gestor is common practice in Spain.
Living in our footprint Region: Andalucía, and due to our size, we are quicker than large companies to execute your needs. We provide a one-stop option for all your needs, saving money and 100% confidential.
We are committed to delivering bespoke solutions unique to you and your family needs as they occur whether you are in business or fully retired. Our committed goal is to constantly exceed your expectations. The composition of our services is designed for you to have the benefit of a one stop lifelong relationship with our company for all your needs with the needs to engage in multiple advisors etc, Hence our internal motto “from the cradle to the grave”
We specialise in the needs of English-Speaking residents and non-residents. legal and tax services for expats and locals. Whether finding you a property, legal steps of buying or selling, renting it out as a holiday apartment, registering your home for tourist purposes, importing your vehicle, International Taxation, making a Spanish and English Will for inheritance purposes. Hiring of a Minister/Celebrant for Weddings, Baptisms, funerals, and events. Please see list down below.
Our business vision is to provide You and your family, with all the needs to successfully live as an Expat/local within your community in Spain.
We have offices in: Nueva Andalucía 29660 (Marbella), Av. Antonio Belón Nº 4 – II-1ºC 29602 Marbella and Centro Comercial Guadalmina 29678 (San Pedro de Alcántara)
Yvonne Vidal Founder and Principal of My Legal PA Associates will be pleased to discuss your matter with you.
ServicesCompany Setup & Ownership Structure Solutions | Conveyancing & Due Diligence | Driver & Vehicle | Eviction | Family & Matrimonial | Immigration & Residency Services | Inheritance Tax Claims (Reclaim Overpaid Tax) | Inheritance Tax Services | Land Registry Search (Nota Simple) | Litigation | Non-resident Tax Services | Private Investigation | Property Search & Purchase Service | Relocation Services | Spanish & International Tax & Fiscal Services | Spanish 'Golden Visa' Residency by Investment Applications | Spanish Mortgages | Spanish NIE Number Service | Squatter Eviction | Wills & Probate
Banks & Lenders
HolaBank for all your banking needs as an expat or second home owner in Spain.
HolaBank is part of CaixaBank, one of the leading banking groups in Spain.
HolaBank is specifically organised to take care of the banking needs of expats and second-home owners from abroad, offering a service that understands your language and banking needs.
And, with the HolaBank Living Solutions account, you get access to a host of valuable services such as legal advice, translations services, and home emergency services that make life easier and give you peace of mind.
You will not find another bank in Spain that takes so much care to understand your banking needs as an expat or holiday-home owner in Spain.
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ServicesBanking & Financial Services | Home Security & Alarms | Spanish Home Insurance | Spanish Mortgages
+34 93 591 7951
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