Purpose of the Mortgage: Purchase of property Refinancing Construction of property Cancellation of other debts Other purposes How much is it going to cost?1: Pesetas Euros GBP USD DM How much do you want to borrow: Pesetas Euros GBP USD DM Period: 10 years 12 years 15 years 20 years 25 years 30 years Type of Loan2: Variable Number of Applicants: One Two

1. It may be the case that the property price is not known, or indeed, which property you wish to purchase. In fact, you may not know your total investment at this point. If this is the case, use the calculators to have a feel of the maximum capital you can afford -loan amount- and the likely period of repayment. (Bear in mind that Spanish banks will require your earnings to be at least three times the expected repayment.) Then you can find out a total investment figure by calculating the 25% of the maximum capital you can afford -loan amount- and then adding it on.(Lending entities will not lend more than 75% of the value of the property).

2. Spanish banks currently don't offer fixed rate loans to non resident borrowers.