In our latest newsletter we gave you the good news that multinational Spanish banking group, BBVA, Spain’s second largest bank, is now able to arrange a mortgage for your home in Spain via its office in London, UK. Here are a few more details...
If your money is in pounds sterling, the bank will help you avoid currency exchange woes by providing a pound sterling mortgage with monthly repayments coming directly from a UK-based bank account opened with BBVA London. The loan agreement is signed under English law with English law legal terms and conditions. There’s also the option for a euro denominated mortgage if you prefer.
Currently the bank can offer up to 60% loan-to-value for a term of up to 20 years on a capital repayment basis. An account must also be opened with BBVA Spain to cover set up costs and, of course, all lending is subject to an affordability assessment.
Please get in touch if you would like us to introduce you to a dedicated account manager at BBVA London.
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