Hello. My husband and I are UK residents and jointly own a property mortgage free in Ibiza. I have looked into releasing some equity in this property to put towards a purchase in the UK, but my mortgage adviser has advised us that because we are in our forties, we are not eligible for taking a mortgage on the property as equity release is not permitted in Spain. It would be interesting to hear anyone else’s experience of this. For example, if it is possible to take a UK mortgage out against a Spanish property after the purchase. We bought the house 3 years ago. Many thanks
Everything you need to know about property in Spain
Login or Register to read articles without any adverts in the text.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.