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 😕
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!
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.
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)
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.
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!!
This website uses cookies to improve your experience. If you continue to use the website you agree to our use of cookies. You can find out more here. Accept
Cookies
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
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.