Spanish Mortgages 40% less than peak
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Spanish Mortgages 40% less than peak

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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