Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Spanish banks selling repos at an impressive rate › Re: Re: Spanish banks selling repos at an impressive rate
In so far as mortgage goes. The so called generous terms are just a come on. The rates are 2.50 -3.75% above Euribor, 1% opening fee and other creative cost added on. I do not know anyone who had been offered 100%. In fact when the Banks know that the buyer needs a mortgage the deal breaksdown.
It will be interesting to know who these buyers are ? I have made various posting/thread on the frustration of dealing with the Banks.