Tips to get the best mortgage to purcharse the property of your dreams in Spain

Are you one of the growing number of people planning on buying a holiday home in Costa Blanca or are planning on moving here permanently? If you are one of them, then you may be about to begin your hunt for a mortgage for your new home in Spain.

Finding a mortgage in the UK can be hard enough but when it comes to finding one in other country can be very daunting with so many domestic and overseas providers all vying for your business, the thing to remember is, they need your business as much as you need the mortgage so like you would with a mortgage for a house in the UK look around for the best deals. Time spent now will hopefully save you time and money later over the lifetime of your mortgage.You can begin your search for the best deals on line which should make the whole process more convenient and efficient.

Below we have listed what seem to be the 5 main ways of raising finance. ES Property for Sale in Spain brings you in this article the 5 basic types of arrangement available for your mortgage:

International mortgages.

Depending on the country you are resident in and which country you want to buy in some domestic lenders will offer international mortgages to enable you to buy overseas. Lloyds TSB in the UK offer resident Britons who own a home in the UK a scheme which is specifically for the purchase of property in Spain.

Local Spanish mortgages.

As Spain is largely geared to the foreign property buyer it's often possible to raise finance locally in Spain especially if you approach one of the larger international banks. It is very important to make doubly sure you understand the local terms and conditions of the loan and the repayment methods as well as checking and comparing the interest rates that are available to you with those from a supplier back in the UK. Some people have been caught out with what seemed good deals on low start mortgages only to find out that after some many month the monthly repayment suddenly doubles, which is common with Spanish low start mortgages.

Expatriate mortgages.

If you are already living in Spain and want to buy in Spain or are thinking of buying a house back in the UK for whatever reason, it can be very tricky securing a mortgage.If you had a strong credit history before you expatriated and you are now in receipt of income to support your mortgage application there are a number of lenders who are interested in attracting this kind of business though. Some of the major high street lenders will change you a premium for the ease of application and the service they offer so it's worth shopping around on the internet for the best deals.Usually you should be able to borrow up to 85% of the property's value and when it comes to proof of income this can be made up of earned, pension, investment and rental income.

Equity release and second mortgage.

This is of course the simplest and most popular method being used currently for the purchase of holiday homes overseas by many buyers. In the UK especially, where, many people have built up substantial equity in their homes and are now releasing this 'extra money' to purchase property in Spain.If you consider this method you must accept that the additional sum you add to your mortgage will incur interest, it will have to be repaid over the term or at the end of the term of your mortgage and that the whole loan is secured on your main property.

Instalment Payments.

You might like to consider purchasing property off plan as this can give you the option to pay for the real estate via a series of instalments or stage payments that you can save up to fund during the build period.After paying the securing deposit your instalment dates and amounts will be written into your purchase contract enabling you to budget accordingly. Clearly this method would particularly suit those with a high level of disposable income.Once you have determined the most suitable method to suit your requirements and circumstances you can begin your search for a lender if applicable. Consider searching the internet, using forums, expatriate and international property sites, examining lenders sites and you can also listen to personal recommendations from friends, family and colleagues who have already undertaken property purchases in Spain.

If you are looking for property for sale in Javea, contact ES property For Sale.

In ES property For Sale in Spain we fully understand that purchasing a property in Spain can be both complex and stressful for you. That´s the reason why our team of estate agents are approachable, knowledgeable and importantly passionate about Spain.

The Costa Blanca, Spain is divided into the North and South regions, as a guide Alicante can be considered the dividing line. We have a vast selection of property for sale on the Costa Blanca offering something for everyone.

The Northern Costa Blanca is a less developed area with regard to buildings and tourism in comparison to the Southern Costa Blanca. The towns of Moraira, Javea and Denia are in a strict conservation zone where building heights and density are rigorously controlled to ensure the picturesque coastline and dramatic mountain range views are not compromised. Property for Sale in Javea and Moraira has not seen such demand for some years.

Take a look at our catalogue of properties in this area and contact us if you see something that catch your attention. We offer a tailored solution to your property search.


Properties in Property for Sale in Javea

Number of properties: 32

Ref: ESES-764440
Apartment · Resale Properties
Javea, Costa Blanca North

This four bedroom, two bathroom apartment is located in a quiet residential area, within a 5 minute walk to the prestigious port of Javea, where you will find a selection of bars and restaurants along with a range of shops and amenities. The apartment is on the third floor without a lift, and is comprised of a spacious lounge and dining room, leading out to the terrace with mountain views....

  • 90 m²
  • 95 m²
  • Bedrooms: 4
  • Bathrooms: 2

Ref: ESES-422432
Apartment · Resale Properties
Javea, Costa Blanca North

This 2 bedroom 1 bathroom apartment is located on the securely gated complex of Toscamar in Javea. The property is all on one level and comprises a bright living and dining room, with a separate kitchen to the right. Two double bedrooms and a bathroom. The apartment has a small, covered naya/terrace which is big enough for a table and 4 chairs for Al fresco dining. The property is sat on...

  • 60 m²
  • 70 m²
  • Bedrooms: 2
  • Bathrooms: 1
  • Pool

Ref: ESES-781797
Apartment · Resale Properties
Javea, Costa Blanca North

A fourth floor apartment with 2 bedrooms and 2 bathrooms in the centre of Javea with the possibility of a garage and storeroom in the underbuild. The property is comprised of a large, open sitting/dining area, a large kitchen with lots of space for storage and a separate laundry room, 2 double bedrooms with fitted wardrobes and great natural light, 2 bathrooms one of them en-suite in the...

  • 98 m²
  • 110 m²
  • Bedrooms: 2
  • Bathrooms: 2

Ref: ESES-51557
Apartment · Resale Properties
Javea, Costa Blanca North

Reduced bfrom €195,000 to €195,000 - Located in a quiet area of Javea this 1st floor Apartment is situated close to the old town and it is within a 5-minute drive to the beach. The accommodation is all on one level and comprises, a spacious lounge/dining room with access to the terrace through double French doors, a fully fitted kitchen, a family bathroom, and three double bedrooms, the master...

  • 130 m²
  • Bedrooms: 3
  • Bathrooms: 2

Ref: ESES-9944
Apartment · Resale Properties
Javea, Costa Blanca North

This fantastic duplex, is part of a gated complex of apartments with a communal pool, gym and a beautiful gardens, East facing, only 50 m distance to the Montaniar beach 150 m distance to Arenal beach, supermarkets, restaurants and facilities. The property has the following layout: Main floor: You get access by a terrace. From the terrace, there is access to the living/ dining room, a separate...

  • 120 m²
  • Bedrooms: 3
  • Bathrooms: 3
  • Pool

Ref: ESES-683978
Apartment · New Build Properties
Javea, Costa Blanca North

This luxury complex of just 18 apartments consists of 9 ground floor apartments with private gardens and 9 penthouse apartments with large roof terraces is located just a short walk away from the Arenal beach of Javea and all of its very popular amenities, restaurants and facilities. All of the apartments come with 3 bedrooms and 2 bathrooms, underground private parking and storage. There are...

  • 93 m²
  • 163 m²
  • Bedrooms: 3
  • Bathrooms: 2
  • Pool

Ref: ESES-376070
Apartment · Resale Properties
Javea, Costa Blanca North

Penthouse apartment in Javea, with large terrace, fantastic views, Jacuzzi and communal pool. This modern duplex has been totally refurbished in 2011, is located facing south, in a beautiful complex with communal pool and gardens, 700m to the sea, 50m to supermarkets and amenities. The property is comprised of 2 levels with the following layout: Lower floor: You enter the hallway which leads...

  • 150 m²
  • 40 m²
  • Bedrooms: 3
  • Bathrooms: 2
  • Pool

Ref: ESES-345407
Villa · Resale Properties
Javea, Costa Blanca North

This huge 5 bedroom, 2 bathroom detached villa is situated within a short 5 minute drive of the centre of Javea, where a wide selection of bars and restaurants, shops and amenities are found. The beautiful beaches and coves of Javea are also located just a five to ten minute drive away from the property. The villa is distributed mostly on one floor. The first floor comprises a bright glazed...

  • 155 m²
  • 550 m²
  • Bedrooms: 5
  • Bathrooms: 2
  • Pool

Ref: ESES-879860
Apartment · New Build Properties
Javea, Costa Blanca North

This luxury complex of just 18 apartments consists of 9 ground floor apartments with private gardens and 9 penthouse apartments with large roof terraces is located just a short walk away from the Arenal beach of Javea and all of its very popular amenities, restaurants and facilities. All of the apartments come underground private parking and storage. There are two options; A ground floor...

  • 97 m²
  • 171 m²
  • Bedrooms: 3
  • Bathrooms: 3
  • Pool

Ref: ESES-157627
Apartment · Resale Properties
Javea, Costa Blanca North

This penthouse duplex in Javea has two levels, with fantastic open views and a communal pool situated between the port and the old town of Javea. The property is comprised of a spacious and bright living/dining room, with access to one of the terraces facing the pool. The property has a modern, separate and totally furnished kitchen with access onto another terrace facing the town. There is a...

  • 208 m²
  • Bedrooms: 4
  • Bathrooms: 2
  • Pool

Ref: ESES-964418
Townhouse · Resale Properties
Javea, Costa Blanca North

This 4 bedroom, 2 bathroom townhouse is located on a quiet residential street, near the port of Javea. With a large variety of bars and restaurants within walking distance, as well as boutiques, amenities and the Mediterranean sea. The property is distributed on two levels. The first floor comprises a living room, separate dining room from where a courtyard is accessed, and a newly renovated...

  • 148 m²
  • 180 m²
  • Bedrooms: 4
  • Bathrooms: 2
Contact Us Today Or Call Our Team On UK phone: 0044-161-8605111 or Spanish phone: 0034-965-020-197

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