Recent data released by the AHE (Spanish Mortgage Association) confirms that mortgages now cost 40% less than in 2008 when the EURIBOR rate stood at over 50%.Rates are currently fluctuating around a rate of 0.65%. Many experts believe the rate will stay at this low level for a number of years until the European economy begins to improve.EURIBOR tracker mortgages are available for overseas buyers with a typical LTV value of 50%. However, in common with most countries in the EU at the moment lenders are insisting on a squeaky clean credit record from potential borrowers.December 2012
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