Mortgage Brokers Mallorca

Getting the right financial advice can save thousands over your mortgage lifespan


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Mortgage Broker Mallorca

Researching and arranging finance for your Mallorcan property can be a baffling and complicated process for first time buyers or those unfamiliar with Spanish mortgage practices and policies. Mortgage Brokers Mallorca takes away the hassle, and the time it can take to deal with the mortgage process in Mallorca independently.  We work with a professional, experienced mortgage broker who specialises in Mallorca property sales. With 16 years experience in the industry, our mortgage broker is a Mallorca expert, offering invaluable local knowledge, working with many lending institutions, and providing access to a wide range of mortgage options. Establishing a relationship with your bank manager is often key to acquiring a mortgage in Mallorca, so for first time buyers a mortgage broker can provide these important connections. With experience of working with clients from across the globe our mortgage broker will liaise between you and the lender, purchase cymbalta 20 mg particularly useful for those not fluent in Spanish.

With a duty of care to you, and a genuine passion to help oversees buyers find the best Mallorcan mortgage deal, our mortgage broker Mallorca will ensure your application is correctly and effectively presented, offering the best possible finance opportunities. Here to make the mortgage process as simple and straightforward as it should be, our mortgage broker will talk you through the options and match you with the most appropriate lending partner. The criteria an applicant is required to meet varies from bank to bank, so having an experienced broker with all the up to date, local knowledge and advice you need can be priceless. In Mallorca you’ll find fixed rate and capped mortgages, although the majority are variable rate. Typically, Spanish banks tend to lend non-residents 60% to 70% for 5 to 20 years, so having a deposit of around 30% and a further 13% to cover taxes and expenses is what our broker would normally advise. So whether you’re planning on purchasing a luxury villa as a second home or a small apartment as a holiday bolthole, our mortgage broker will help guide you through every step of the finance process to help you buy your dream Mallorcan property.

Mortgage-Brokers-Mallorca
Mortgage Broker Mallorca

Local Knowledge

With 16 years experience in the industry, our mortgage broker is a Mallorca expert, offering invaluable local knowledge, working with many lending institutions, and providing access to a wide range of mortgage options.

Relationships are Key

Establishing a relationship with your bank manager is often key to acquiring a mortgage in Mallorca, so for first time buyers a mortgage broker can provide these important connections. With experience of working with clients from across the globe our mortgage broker will liaise between you and the lender, particularly useful for those not fluent in Spanish.

Attention to Detail

With a duty of care to you, and a genuine passion to help oversees buyers find the best Mallorcan mortgage deal, our mortgage broker will ensure your application is correctly and effectively presented, offering the best possible finance opportunities.  Here to make the mortgage process as simple and straightforward as it should be, our mortgage broker will talk you through the options and match you with the most appropriate lending partner.

Specialist or Unconventional Applications

The more specific or specialist your situation, the more challenge it may be to get the right information about your mortgage and get the best deal. Perhaps you are looking to invest in a number of properties, or perhaps you have unusual circumstances that will make your application more complicated. In this case a mortgage broker will be on hand to offer the best advice, without the need for you to conduct endless research yourself.

What Kind of Advice Will Our Mortgage Broker Provide?

The criteria an applicant is required to meet varies from bank to bank, so having an experienced broker with all the up to date, local knowledge and advice you need can be priceless. Choosing to obtain your mortgage from a Spanish bank is almost always a faster and cheaper option. Our Mallorcan Mortgage broker will provide you with detailed and professional advice on the following.

Types of Mortgage

In Mallorca you’ll find fixed rate and capped mortgages, although the majority are variable rate. Typically, Spanish banks tend to lend non-residents 60% to 70% for 5 to 20 years.  Because terms and rates can vary considerable, having a mortgage broker do the herd work if definitely advised.

Deposit

Having a deposit of 20-30% and a further 10% to cover taxes and expenses is what our broker would normally advise. So whether you’re planning on purchasing a luxury villa as a second home or a small apartment as a holiday bolthole, our mortgage broker will help guide you through every step of the finance process to help you buy your dream Mallorcan property.

Requirements and Necessary Documents

Age is another important consideration. Generally speaking a loan term will run no longer than, on average, your 70th birthday, but like everything this can vary depending on circumstances. Proof of income will need to be provided (payslips etc.) as well as liabilities, so you will need to provide bank statements and other supporting documents, as well as your passport of course.

What is the Next Step?

Whether you’re planning on purchasing a luxury villa as a second home or a small apartment as a holiday bolthole, our mortgage broker will help guide you through every step of the finance process to help you buy your dream Mallorcan property.

If you feel the expertise and guidance our trained and experienced mortgage broker can provide would be helpful in your Mallorcan property search you’re only a few steps away from reaping the rewards. Contact us for more information and to see how we can help you fulfill your Balearic dream.

Call + 34 655 266 862
00 44 20 3290 0751
between 8am - 8pm, 7 days a week

CONTACT US TODAY

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