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Mortgage Broker

Some people think about the costs involved in using a broker and wonder if they really need one to act for them. If you have Banks that you can go to direct, then why pay someone to do it for you. The experienced broker can pull things together for you and ensure that problems are dealt with before they arise, because they have dealt with this process many times and are aware of the potential pitfalls.

Most brokers will only charge a small fee for their service, as they may also receive remuneration from lenders. The customers that have used a broker have said that this is a small price to pay for reducing the hassle and stress that is involved in any property purchase and take care of all aspects of the transaction as well as offering advice on the process and products available. Brokers DO add value.

Managing customers’ expectations with regards to the timescales involved in purchasing property abroad are pivotal to arranging a successful completion and can generally take longer than in the UK. Vendors/Agents will normally pressure you to complete in unrealistic timescales, but the broker can manage this aspect of the process more effectively.

Lender Max Loan Bank Fee Max Term
Banesto 70% 1.5% 25 years
(Max 65)
La Caixa 70% 2% 25 years
(Max 70)
Caja Duero 80% 2% 25 years
(Max 65)
Solbank 70% 1.8%
(Min €450)
30 years
(Max 65)
BHH 70% 1%
(Min €600)
30 years
(Max 70)
Real Mortgages 75% 1%
(Min £350)
20 years
(Max 65)
Barclays 70% 0.45% or 1%
(Min €600)
25 years
Own Overseas (TSB) 70% 1%
(Min €450)
25 years

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