Approval of Spanish mortgages up 7.3% year-on-year

These days, Spanish banks and finance houses are undoubtedly much more willing to approve mortgages than they used to be.

For those thinking of buying a home in Spain, 2016 certainly looks like being a good year, and to that end national daily El País was prompted to run an article on the subject of mortgages – and how to choose the best deals – earlier this month…

These days, of course, Spanish banks and finance houses are undoubtedly much more willing to approve mortgages than they used to be, as demonstrated by new data from the country’s General Council of Notaries which shows a huge increase of 7.3% year-on-year by November 2015.

As part of its report, El País analysed some of the best mortgage offers currently available in Spain, one of which is a fixed mortgage at a nominal interest rate  of 2.85% over 20 years from UCI (Unión de Créditos Inmobiliarios), a VIVA preferred mortgage provider with whom we have worked for several years.