Spanish Properties for Sale ... There are many pitfalls to avoid - and it isn't like buying a book over the Internet. |
Some people buy their dream Spanish properties with cash; others re-mortgage their current properties to raise funds for their dream homes in the Sun. If you are raising funds via a mortgage, you must compare mortgage rates. Do you get the best deal by re-mortgaging your current property? Do you take out a mortgage in your own country? Should you take out a Spanish mortgage with a Spanish mortgage lender? If you re-mortgage your existing property, what exchange rates will you get? A good Spanish Property Agent will be able to help you with the above issues so that you come out with the best deal. It does pay to compare exchange rates and interest rates - you may end up saving thousands if you do some initial ground work. We will cover more in the next edition |