Euro Mortgages
Are you living in the UK and looking for a euro mortgage in Spain, France, Portugal or Italy?
Do you want to buy a holiday or second home in France Spain, France, Portugal or Italy?
Are you setting up a remote or home office in Spain, France, Portugal or Italy?
Do you want a buy to let home in Spain, France, Portugal or Italy?
Spanish, French, Portuguese and Italian Euro mortgages for main homes, holiday homes and second home purchases in Europe
We offer a comprehensive range of euro mortgages, so you can purchase properties in Spain, France, Portugal and Italy.
Applying for a mortgage in Spain, France, Portugal or Italy can be time consuming and it will take at least 8 weeks before your offer is issued. We recommend you approach us with details of your project before making an offer to buy a house, so you are not incurring avoidable costs.
Euro mortgages in Spain, France, Portugal and Italy are underwritten on an affordability basis. Lenders will insist on you having either a salaried or self employed or pension income which is sufficient to repay both the new loan and any other mortgages and loans you might have worldwide.
Euro mortgages differ from UK home loans in a number of ways and in particular in terms of the number of euro mortgage interest rate options you can choose from. Typically, you can choose to take out a euro mortgage as a short term fixed rate, long term fixed rate, variable rate or as a capped rate, meaning your euro mortgage interest rate cannot rise above a predetermined level during the agreed period of interest rate capping.
We work with local banks in Spain, France, Portugal and Italy to find a best buy international euro mortgage for you. We will also help you to open a new current account, as you will need local euro banking facilities both to pay your mortgage and to pay local bills from time to time. Our mortgage broking service is conducted in English, so even if you do not speak a foreign language well, you can be sure you will know exactly how your mortgage application is progressing.
Given the complexity of the euro mortgage process, we strongly recommend that clients secure provisional agreement on funding before signing any purchase contract, as often you will be asked to pay a deposit at this stage. If for any reason you do not proceed with the house purchase, you will want to be sure you can reclaim your deposit. As your broker, we can help you with this.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Changes in the exchange rate may increase the sterling equivalent of your debt.
Life cover may be required to support your euro mortgage.
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