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Even if you have enough capital to purchase a new Spanish home outright, you may want to consider the option of a mortgage. To begin with, it allows you to raise your spending power and possibly purchase a home that will suit you better long term. It also enables you to preserve your capital and deploy some to furnish your new home with the furnishing and décor of your choice, order a new car or even a boat to match your new lifestyle in the sun.

You´ll recognise the types of mortgage on offer: variable interest, fixed interest or a mixture of both. In fact, the range is the same as in the UK but the great news is that interest rates in Spain are amongst the lowest in Europe and consumer protection is second to none. Most banks supply all mortgage documentation in English and offer a tailor-made service for overseas borrowers.

Most institutions lend up to 70% of the property value for non-residents and up to 80% for residents with a choice of repayment periods from 5-30 years.

Wish properties are able to help you in arranging your own mortgage if it has not been arranged previously in the UK.