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What size deposits are needed now

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08 Aug 2009 12:00 AM by Sanchez1 . 853 posts Send private message Does anyone know what size deposits are now needed to purchase a property in Spain? I've heard it's 30-40% at the moment, which seems quite high... Cheers David _______________________ Read my blog: Spain Money Saving Tips and Offers Use TransferWise to send money abroad. A lot cheaper than the bank and other online currency exchanges!. 0 Like Spam post or abuse? Please let us know
08 Aug 2009 2:32 PM by Smiley in San Pedro de Alcanta.... 2502 posts Send private message Depends on status and product - but for non residents 30% minimum - some lenders even as high as 50%. It is feasible to get 80% of purchase price borrowings as long as the mortgage is within 70% of bank value. _______________________ *Smiley* - patrick@marbellamortgages.com www.marbellamortgages.com www.comparetravelcash.co.uk 0 Like Spam post or abuse? Please let us know
08 Aug 2009 4:54 PM by Sanchez1 . 853 posts Send private message Thanks Patrick. So not as bad as I thought. Cheers David _______________________ Read my blog: Spain Money Saving Tips and Offers Use TransferWise to send money abroad. A lot cheaper than the bank and other online currency exchanges!. 0 Like Spam post or abuse? Please let us know
08 Aug 2009 6:51 PM by Smiley in San Pedro de Alcanta.... 2502 posts Send private message Depends on perspective I guess - until recently it was still possible to borrow 90% of PP at 60% of valuation. For official residents who meet criteria LTV might be better but really does depend on situation. _______________________ *Smiley* - patrick@marbellamortgages.com www.marbellamortgages.com www.comparetravelcash.co.uk 0 Like Spam post or abuse? Please let us know

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