Does the thought of negotiating a property deal in Spanish bring you out in a cold sweat? The complexities of mortgages are confusing enough; let alone considering a different language and legal system.
Never fear though, as there are experts who can guide you through the process and do the negotiating on your behalf. Most will speak fluent English, and have a thorough knowledge of the Spanish market and house-buying process. As it has become more and more popular to buy abroad, the options have increased. You can now take out a Spanish mortgage with some of the high street banks and building societies, specially aimed at those buying abroad.
Brokers
The mortgage system and broker system is very different from that of the UK. When it comes to dealing with local bank managers and solicitors, a good broker could make a world of difference, simplifying the process and making sure that you clearly understand all the Spanish terms. Be aware that brokers in Spain are not regulated anyone can set up as one. You should look for one with an office, and that is SL registered (similar to a limited company). You can also request to see copies of certificates and...
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