THE LEADING FINANCING EXPERTS IN SPAINLEARN MORE
In general terms the maximum mortgage available is up to 70% loan-to-value for non-residents and up to 80% loan-to value for Spanish tax residents. The lower of the two values between the purchase price and valuation will be the base. This percentage can vary depending on different factors. In Spain, the maximum affordability ratio or debt-to-income is between 25% and 40%, this includes all existing debt. There are exceptional circumstances where a higher percentage can be obtained or a higher affordability ratio can be considered.
Each client and application is unique as all applicants have different circumstances and priorities, and we must take into account age, nationality, tax residence and other factors to see which are the best options at all times for each client. From personal mortgages for own investment and use to property development mortgages, the Lionsgate Capital team will help you at each and every stage of the process.
It is important to ensure the property can be mortgaged and legal advice is highly recommended (we can recommend various top law firms if required).
For each type of mortgage in Spain the rates and conditions vary between banks and also change on a regular basis. Due to the volume of transactions and our relationship with the banks and their management teams, the Lionsgate Capital team ensure they obtain the very best interest rates on your behalf, at all times.
It is not common practice to remortgage in Spain. We can however review your current conditions and see if it is worth setting up a new mortgage and canceling the existing one, taking into account all costs, including the penalties for redeeming the existing one and the set-up costs for the new mortgage.
Financing the development of a property or a refurbishment is slightly different to a standard mortgage for a spanish property. Hence we recommend strongly to first seek advice from a financing expert company such as Lionsgate Capital prior to you starting your project. As we work with all the banks in Spain, we will be able to source and arrange the best deal for:
Our team can source finance for a percentage of the entire costs of your building project (including purchase price of the plot and construction costs). We will negotiate the best conditions for you with the banks.
We look forward to offering you financing options for your new build or development, please contact us for a free consultation.
Please note: The information the banks provide us with changes frequently and we aim to update the information accordingly. If you have any queries at all, please contact our team, thank you.
1. USER INFORMATION
Lionsgate Capital S.L., from now on RESPONSIBLE, is Responsible for the User's personal data treatment and informs you that this data will be treated in accordance with the current personal data protection Legislation, the Regulation (UE) 2016/679 of 27th April 2016 (RGPD) relative to the physical person in respect to the treatment of personal data and free circulation of this data and the Organic Law (ES) (LOPD) relative to the data protection of personal character/nature, the following treatment information is available:
Treatment purpose: maintain a business relationship with the User. The operations planned to accomplish the treatment are:
- Submission of commercial advertising communications by email, fax, SMS, MMS, social communities or any other electronic or physical means, present or future, that enables commercial communications. These communications will be made by the RESPONSIBLE and related to its products and services, or to its collaborators or suppliers with a promotion agreement has been reached. In this case, third parties will never have access to personal data.
- Carry out statistical studies.
- Process orders, requests or any type of petitions that are made by the user through any of the contact ways that are available.
- Forward the newsletter on the website.
Data conversation criteria: this will be kept while there is a mutual interest to maintain the aim of the treatment and when it is no longer necessary for this purpose, it will be eliminated with adequate security measures to guarantee the pseudonymisation of the data or its total destruction.
Communication of the data: data will not be communicated to third parties except by legal obligation.
Rights of the User:
- Right to withdraw consent at any time.
- Right of access, rectification, portability and deletion of your data and the limitation or opposition to its treatment.
- Right to submit a claim to the control authority (agpd.es) if it considers that the treatment does not comply with current regulations.
Contact information to exercise your rights:
Postal address: C/ Constitución 1, 1º, 07001 Palma de Mallorca, Illes Balears
2. OBLIGATORY OR OPTIONAL CHARACTER OF THE INFORMATION PROVIDED BY THE USER
Users, by marking the corresponding boxes and entering data in the fields, marked with an asterisk (*) in the contact form or presented in download forms, expressly and freely and unequivocally accept that their data is necessary to meet the request, by the provider, being voluntary the inclusion of data in the remaining fields. The User guarantees that the personal data provided to the RESPONSIBLE person is true and is responsible for communicating any modification of them.
The RESPONSIBLE informs and expressly guarantees users that their personal data will not be transferred in any case to third parties, and that whenever they make any kind of transfer of personal data, the express, informed and unequivocal consent of the Users will be requested in advance. All data requested through the website are mandatory, as they are necessary for the provision of an optimal service to the User. In case all the data is not provided, it is not guaranteed that the information and services provided will be completely adjusted to your needs.
3. SECURITY MEASURES
According with the provisions of the current regulations on personal data protection, the RESPONSIBLE is complying with all the provisions of the regulations RGPD and LOPD for the treatment of personal data and their responsibility, and manifestly with the principles described in the article 5 of the RGPD and in the article 4 of the LOPD, by which they are treated in a lawful, loyal and transparent manner in relation to the interested party and adequate, pertinent and limited to what is necessary in relation to the purposes for which they are treated.
The RESPONSIBLE ensures that it has implemented appropriate technical and organisational policies to apply the security measures established by the GDPR and the LOPD in order to protect the rights and freedoms of the Users and has communicated the appropriate information so that they can exercise them.