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Spanish Mortgage news. January 2021

Spanish Mortgage news. It is getting more difficult to find deals above the 70% loan to value figure for borrowers with only Sterling income to show, Brexit has reduced the appetite for Spanish banks right now. It is still possible, but might reduce further, so if you are looking to find a Spanish Mortgage contact us now.

adam@azurproperty.co.uk

News

Spanish Bridging Finance

Various forms of Commercial Bridging Finance in Spain.
Good rates and Quick Decision.
Nothing to pay unless successful.
Minimum loan 500,000 Euros.
Must be for business purposes.
Minimum term is 6 months and maximum term is 36 months for the loan.
The business/ property owner will need an asset to be charged against.
Documents needed if applicable:
Planning
Valuation
Cash Flow
Schedule of works.
Favourable areas of particular interest are: Costa del Sol, Madrid and Ibiza.
Contact now on adam@azurproperty.co.uk

Homes on the Mainland, News, Valencia

Olacau, Valencia

A rather lovely house of 100m2 on a large plot of 1536m2 between Olocau and Betera. This lovely setting has a well looked after and reformed house with three large bedrooms, living room, kitchen and bathroom. Everything has been modernised to a good quality standard and this is matched by the well tended gardens with plenty of areas for relaxing, chilling out and enjoying the Turia valley area overlooked by the Sierra Calderona mountains. The pool is a stand alone temporary thing but for cooling off it serves its purpose.

Just a five minute drive to Olocau and Marines and ten minutes to Lliria or Betera, this well presented house gives you a lot for your money and is key ready right now to enjoy the Valencian summer. 

Funding

Overseas Funding

As most of you will be aware most of the Finance we arrange is via various Private Funders who offer speed and flexibility and a breath of fresh air!!

We can now add the following to this growing list of providers. I believe this will be of great interest so any enquiries you may have had recently that have not been able to place it is worth checking if they fit the criteria below.  Of course all Bridging and JV funding enquiries are welcome

We have exclusive access to his Bridging Products and specialises in the following locations:

Northern Ireland

Ireland

Jersey

Guernsey

Isle of Man

Gibraltar

South of France and Monaco 

The Max LTV is 65% LTV Gross with Loan sizes from £250k to £20m.

By the nature of the way they operate / underwrite everything is case by case and obviously they have minimal competition in these areas.

The rates are competitive and in line with the UK, and they are obviously happy to lend in the UK as well

FYI They are just about to complete on an £18m deal in The South of France.

Contact us by email in the first instance with location, amount and what it is for.