Spanish mortgages

This topic contains 2 replies, has 3 voices, and was last updated by  Anonymous 13 years, 6 months ago.

  • Author
  • #51582


    Is it possile to obtain a spanish mortgage secured against a mortgage free UK property

  • #61083


    Hi Ian,

    You question needs reformulating. A mortgage secured against a UK property is a UK mortgage by definition, so the scenario you are asking about is impossible.

    Do you want to know if it is possible to borrow in Euros, with Euro-zone interest rates, against a property in the UK? If so then yes, though it’s far from common. I know some private banks offer this, though I couldn’t tell you which ones, and they only do so for large sums or people with city-type salaries in Euros. However you never know, banks like Lloyds and Barclays might offer something along these lines. I know that Lloys allows you to take a Stirling variable interest rate mortgage against Spanish property, which is simply the reverse of a Euro ECB rate mortgage on a UK property.


  • #61086



    If you are looking to borrow euros to purchase something in Spain why don’t you try Banco Santander HispanoAmericano? They would probably ask their subsidiary Abbey to value your UK property. Whatever %ge of a valuation they would normally lend I think they would reduce this to cover any possible currency risks since in the case of default your UK property would yield pounds sterling and not euros. Alternatively why not ask Abbey diresctly and raise their Spanish ownership.

    Good Luck

    Terry English

The forum ‘Real Estate Topics, News & Discussion​’ is closed to new topics and replies.