Financing Your Property Purchase

Financing your property in Spain can be a complex activity. Currency fluctuation between the Euro and British pound. Interest rate differences between the two currency areas. Whether to go for a floating, tracker or fixed rate mortgage over 10, 15, 20 or 25 years. Whether to opt for a traditional repayment mortgage or take out an interest only mortgage with an accompanying investment based repayment vehicle. When property prices where rising rapidly decision making was so much easier. Now, with housing markets in both the UK and Spain entering a period of turbulence decsion making is more crucial.

Many people are buying their overseas home with a view to planning retirement. It is therefore essential that you make sure you get the best advice and consult as widely as possible.

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