When choosing a Spanish mortgage broker, consider their experience, reputation, expertise, range of lenders, transparency, customer service, rates, fees, and seek referrals and online reviews. Find out which brokers can help you access a mortgage for buying a property in Spain and see how you can compare the available credit offers.
Whether you're looking to buy a vacation home or considering an investment in Spain's property market, understanding your mortgage options as a non-resident is crucial. Thankfully, Spain's real estate market is accessible to foreigners, and there are numerous mortgage brokers who specialize in assisting non-residents.
Homevest is one option that simplifies the mortgage process for non-residents by managing real estate agents, banks, surveyors, notaries, and lawyers, and negotiates with banks to ensure they compete for your case, making property buying easier and more efficient.
Continue reading for more information.
Homevest offers a user-friendly digital platform that simplifies the mortgage application process for non-residents and foreigners interested in buying a property in Spain.
Their team of professionals provides advice tailored to your needs, and they can help you compare offers from multiple banks, saving you time.
IMS Mortgages is a part of the IMS Financial Group and specializes in providing mortgage services for non-residents looking to purchase property in Spain. They have a team of advisors who guide you on the most appropriate mortgage products based on your circumstances.
Mortgage Direct SL is a leading mortgage broker in Spain with over a decade of experience. They specialize in finding the best mortgage conditions for non-residents and have access to deals not available directly from the banks.
Habeno is a mortgage broker based in Sweden and Spain and provides a digital mortgage broker service.
Habeno offers both a free version and a paid plan called Habeno Plus, and you only pay a fee if the mortgage application is successful.
Fluent Finance Abroad (FFA) is a fully regulated, independent, and professional mortgage brokerage service. They have vast experience dealing with non-resident mortgages and are known for their personalized service.
Mortgage Matters Spain is a dynamic mortgage consultancy offering services to non-residents wishing to purchase property in Spain. They pride themselves on providing a friendly, professional, and comprehensive service.
Foxes are a highly experienced & qualified team of property, finance, and legal experts, helping mainly international clients purchasing property in Spain.
They offer a wide range of services, including mortgage brokering and legal support for property purchases.
Idealista is a real estate portal operating as a mortgage broker in Spain, authorized by the Banco de España. Through their real estate portal, they have assisted more than 500,000 clients in finding the right mortgage.
Lionsgate Capital is a mortgage broker specializing in assisting individuals secure financing for purchasing properties in the Balearic Islands, Marbella, Madrid, and Barcelona.
Their main clients are wealthy individuals looking for different financing options to lower their wealth tax.
Bank in Spain is a certified mortgage broker in Spain, focused on helping international clients who buy property there.
They collaborate with many of the top 14 banks in Spain and charge a fixed fee of 495 EUR regardless of the mortgage amount.
Below are the main costs of the 10 mortgage brokers in Spain, presented in connection with a mortgage valued at 200,000 EUR:
Each of these mortgage brokers offers a unique service, and the best one for you will depend on your specific needs and circumstances.
When choosing a mortgage broker, consider their experience, the range of services they offer, and their understanding of the needs of non-residents.
The best mortgage broker for you depends on the benefits you are looking for. There are several options available on the Spanish market to find the most advantageous mortgage loan for your financial needs.
This guide presents a comparative analysis of 10 of the best mortgage brokers, which can assist you in securing a mortgage in Spain. If you’re interested in a quick, and easy solution, remember that Homevest can be an excellent option for comparing banking offers and choosing the best mortgage.
When choosing a Spanish mortgage broker, consider their experience, reputation, expertise, range of lenders, transparency, customer service, rates, and fees. Also, seek referrals and online reviews.
Always remember that while a mortgage broker can guide you and offer valuable advice, the final decision is yours. Make sure you are comfortable with the terms of your mortgage, and feel free to ask questions if anything needs clarification. Continue reading this handy guide to help you make up your mind when choosing a mortgage broker.
Mortgage brokers typically earn their income through commissions, paid by the lender or borrower (sometimes both).
On average, mortgage broker fees can range from 0.5% to 2% of the loan amount. For example, if you take out a 300,000 EUR mortgage and the broker's fee is 1%, you could expect to pay around 3,000 EUR.
Comparing offers from multiple brokers can help you understand what is considered reasonable in your situation.
Using a mortgage broker may lead to better deals because they have access to multiple lenders and a broader range of loan products than a single bank. This can help you find a loan that suits your needs and financial situation. Explore our guide comparing mortgage brokers vs banks for non-residents seeking finance in Spain, covering pros, cons, and tips.
Whether you decide to go with Homevest, Mortgage Direct SL, IMS Mortgages, Fluent Finance Abroad, Lionsgate Capital, Bank in Spain, Foxes, Habeno, Idealista, or Mortgage Matters Spain, each of these Spanish mortgage brokers has a proven track record in helping non-residents secure a mortgage in Spain.
Sources used and checked in December 2023:
We recommend obtaining professional or specialist advice before taking or refraining from any action based on the content in this article. The information in this article does not constitute legal, tax, or other professional advice from Homevest Limited. Prior results do not guarantee a similar outcome. We make no representations, warranties, or guarantees, whether express or implied, that the content in this article is accurate, complete, or up to date.
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