One of the great things about purchasing Spanish property as a foreign buyer is that there are masses of facilities in place to help you. If you have decided to buy a property in Spain it is worth doing your research early on to make sure you get the best deals on mortgages. According to recent studies, Spain is fast becoming one of the best EU countries for obtaining an overseas mortgage. In Tenerife, over 42,000 properties are owned by Britons alone, so to facilitate foreign buyers Spanish banks like La Caixa offer special services in English.
Many international banks now offer special 'Spanish mortgages' which are specifically catered to the Spanish housing market and deal with every aspect of translation, lawyers and insurance. Some of the most reputable international banks are the following:
Banco Santander (Also known as Abbey)
When applying for a mortgage in Spain you will need the following documents: