The offer of different mortgage products in Spain has increased considerably
It isn´t easy to understand and compare the different offers, which can vary greatly between one bank and another. A correct decision could mean significant savings at the beginning and over the life of the mortgage.
An experienced broker helps oversee the entire purchase process and negotiates with the different banks, taking into account the interests of the client.
Being up to date on all policies and mortgage practices, we work with many lending institutions also international ones so that our clients have a wide range to choose from, and we ensure that we will find the best service for you.
We will clearly explain the best options available to suit your needs.
We will help you every step of the way to acquire your dream property using our experience.
What are the main types of mortgages in Spain?
In the past, the majority offered were variable rate mortgages but now there are actually a number of products on the market and, therefore, BMS will discuss your requirements with you before recommending a suitable product.
Should I appoint a lawyer?
We strongly recommend that you appoint a lawyer who will ensure that all the necessary checks are carried out on the property.
How much can I borrow?
The lenders will decide this after checking your personal and financial profile. But, in general, the LTV is about 60–70% of the purchase price or the taxation of the property for non-residents.
How much will it cost to buy a property in Spain?
There are taxes, deed costs and sometimes bank charges when purchasing a property. At the moment, a general guide is 10-12% of the declared purchase price.
How long does it take?
The timescales depend on the banks but, usually, the whole process can take between 8 and 10 weeks to complete if there are no complications.
So what is the next step?
Contact us for an initial chat to find out how we can help you to sort out the best mortgage for your property purchase.
You still have not found a suitable property?
Please contact us.
Where does BMS operate ?
BMS is focused in mortgage service in Ibiza and in Mallorca but also cover the rest of Spain
Having studied economics and having worked for over 8 years in the retail banking sector in Germany, Bettina moved over to the Balearic lslands in 1996.
Since landing on the island about 20 years ago, she has worked in the real estate sector and, for a short period, with a law firm in lbiza.
This has provided her with a great understanding of the Spanish legal and administration systems.
Between 2003 and 2016 Bettina has accompanied international clients through the mortgage process working as personal advisor in Deutsche Bank S.A.E. in Ibiza and also during 3 years as branch manager in an important British mortgage bank in Spain (Ibiza).
During this period of time, she has created her network of contacts, working closely with many tax advisors, Iawyers and notaries of the Balearic lslands. Even ínternational banks, tax consultants and international lawyers have found Bettina to be an important contact when dealing with mortgages in the islands.
Bettina founded bms at the beginning of 2016 and has successfully created an important client portfolio.
