Spanish Prime Minister announces possible suspensions in mortgage repayments due to the Coronavirus outbreak. Current emergency measures due to the virus have seen the closure of thousands of businesses across Spain, leaving many owners and the self-employed in financial difficulty.
Posts Tagged: Spanish Mortgage Loans
Some of Spain’s largest banks are waiting for the European Court of Justice (ECJ) to rule on whether they have charged customers too much for their mortgages – a ruling which could potentially lead to compensation for thousands of mortgage holders.
Existing variable rate mortgage loan holders will see a reduction in their monthly repayments. The Euribor – the rate in which most Spanish mortgage interest is calculated – has plummeted to new lows over the past couple of months, making variable rate mortgages even more appealing for home owners.
The number of Spanish mortgages constituted in January rose to the highest level achieved in eight years, while figures in Madrid was double that of a year ago. The number of residential mortgage loans taken out across Spain during the first month of the year rose by 22.5% to 36,832, compared with the same month… Read more »
The number of new mortgages taken out on Spanish properties in September rose by 9.2% to reach the highest level of activity seen in seven years. A total of 29,388 new mortgages were constituted in September, according to new government data, whilst the number of properties sold in Spain increased by 11%, compared with the… Read more »