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Spanish banks back yo give mortages

BANK’S BACK TO OFFER 100 % MORTGAGES

After Spanish crisis, we were experiencing banks offering low % mortgages, even for Spanish, and residents in Spain.It was not common finding financing 100 % of the acquisiton price, out of the own repossesed properties from banks.

Last data from Summer 2014 shows some banks starting to offer 100 %, even for sales out of the own repossesed properties. These banks are not in the Spanish Top Ten (Ibercaja & Caja de Ingenieros), and conditions are really strict and with high rates. But, it can be considered as an “turning point” of the mortgage evolution market, and as a positive sign on consolidation of good behaviour on sales.

 

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