Laura Leyshon: Gran Canaria Estate Agent: 608169845
Professional and personal services for property buyers and sellers in Gran Canaria
A new Spanish mortgage law comes into force on Monday 17 June 2019 and brings Spanish rules into line with EU consumer protection regulations.
It is expected to cause short delays to Gran Canaria mortgage applications and property purchases in July as banks, notaries, gestorias and estate agencies change their procedures to fit the new rules.
The main effects of the new Spanish mortgage law in Gran Canaria and across the Canary Islands are as follows… [Read more…]
Getting a local mortgage in Gran Canaria requires a fair bit of paperwork. However, interest rates are low and Spanish banks are lending with good conditions. Here’s my guide to getting a Gran Canaria mortgage in 2020. [Read more…]
The valuation (tasación) your bank makes when you apply for a mortgage has a significant effect on your Gran Canaria property purchase.
Here’s pretty much everything you need to know about getting a Gran Canaria mortgage in 2017…
Read my up-to-date Gran Canaria mortgage guide here.
Getting a mortgage in Gran Canaria involves lots of paperwork but isn’t a particularly complex procedure.
However, depending on the bank and on your circumstances, it can take anything between seven days and four months to go from application to approval.
Here are a couple of vital points to bear in mind… [Read more…]
Spanish banks have long included a minimum interest rate clause in their mortgage contracts. It guaranteed their profits even during periods of low interest rates.
It also left lots of people paying high rates when the EURIBOR is at a record low.
In 2013, the Spanish Supreme Court said the clauses were illegal in these circumstances… [Read more…]
