Raise mortgage on unencumbered property

Spanish Property Insight Forums Spanish Property Forums Spanish Mortgage Questions Raise mortgage on unencumbered property


Viewing 1 reply thread
  • Author
    • #190602

      We recently bought a villa requiring updating for cash. We have had some unexpected problems, have little money left of our budget and are now considering a small mortgage or personal loan to complete. We would carry out the work ourselves to keep costs down. Due to my age (65) I am aware I could only take up a mortgage for max.  10 years. Lending circa 20th,  estimated value of property when completed would be + 50% of purchase price. Can you recommend way forward

    • #190616
      Mark Stücklin

      A sensible first step is gathering the information needed for pre-qualification, which all lenders / brokers will want to see. I have a form that helps you do that (link below). If you fill it in I’ll send you the resulting document for checking. Then you have a useful document you can share with brokers / lenders.

      Let me know if you think this is helpful. I’m trying to work out what service people value. I’m not a mortgage broker, but I can help people organise themselves for making an application to one or more brokers / lenders, and introduce them to a mortgage lender geared up for foreign clients.


Viewing 1 reply thread
  • You must be logged in to reply to this topic.