What is the maximum age for a Spanish mortgage?

This topic contains 1 reply, has 2 voices, and was last updated by  fpegman 10 months, 3 weeks ago.

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  • #194029

    Jillybea
    Participant

    I am 66 and hoping to buy a property in Spain. I have been told by a mortgage broker that the maximum term I can have for a mortgage is nine years, taking me to the age of 75, which seems fair enough and would be fine. I went to a Sabadell bank in Spain last week and was told this is not true and that I can’t get a mortgage at all becuase I am over 65. Does anyone know who is correct please?

  • #194127

    fpegman
    Participant

    Mortgage term are set by the mortgage provider so will vary but normally mortgages and loans are set to finish on 75 birthday but I do know of providers that will go to 80th birthday, Sabadell were always to 75th

    If you want more information email me insure@pegman.com I am a Mortgage consultant .

    • This reply was modified 10 months, 3 weeks ago by  fpegman. Reason: addition

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