Competitive Mortgage Packages for Buying Property in Valencia

At Domosno Valencia, we offer competitive mortgage packages tailored to meet a wide variety of needs. We can provide you with a no-obligation mortgage quote and answer any frequently asked questions about obtaining a Spanish mortgage with Miguel Angel of Fluent Finance Abroad.

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Domosno Valencia partners with some of Spain’s top mortgage brokers who specialize in securing highly competitive mortgage packages. Spain’s mortgage market is well-developed, with a range of options that can sometimes seem overwhelming, but we can help simplify the process.

Securing the Best Deals for You

Our brokers maintain strong relationships with leading Spanish and international banks, ensuring access to exclusive mortgage deals that are often unavailable elsewhere. These brokers will guide you through the mortgage setup process, offering step-by-step assistance.

Financing part of your property purchase is a popular option, especially given the current low interest rates. Our mortgage collaborators will help you select the best repayment model—whether fixed, variable, or a combination—based on your unique financial situation.

Specialising in Spanish mortgages for both foreigners who are Spanish residents and non-Spanish residents, our brokers are experts in securing the best mortgage rates. They will also help you decide whether to take out a mortgage in Spain or remortgage an existing property abroad.

Increased Lending Options for Buyers

Recently, Spanish banks have become more willing to lend, resulting in attractive mortgage conditions. For non-residents, mortgages of up to 70% of the property’s value are typically available, while residents can access up to 80%. For clients living outside Europe, some banks may offer smaller loan amounts, depending on individual profiles.

Interest rates remain historically low, but a potential rate rise in the future may encourage some clients to opt for a fixed-rate mortgage.

Our mortgage brokers are always evaluating the latest lending options, so they can pinpoint the most suitable mortgage and lender for each client, cutting through the confusion often associated with financing a property purchase.

Personalized, Impartial Mortgage Advice

Working with Domosno Valencia’s specialist mortgage brokers comes with several advantages:

• Impartial advice: Our brokers work with a variety of lenders, ensuring unbiased mortgage guidance.
• Personalised service: They take the time to understand your financial goals, both short- and long-term.
• Direct communication with lenders: Brokers act as your main point of contact with banks.
• Support during the mortgage application: They are available to answer your questions throughout the entire process.
• Simplified procedures: Our brokers will streamline the process, ensuring a smooth and stress-free experience.

Mortgage Direct: Your Trusted Advisors

Domosno Valencia collaborates with Mortgage Direct, an independent broker that has been a key player in Spain’s mortgage market since 2006. With their wealth of experience and premium service, they secure the best possible deals for clients of all nationalities. The UK-based mortgage advisers at Mortgage Direct are regulated by the Financial Conduct Authority (FCA), ensuring the highest standards of service.

Although the Spanish mortgage market is not regulated, Mortgage Direct follows the UK’s mortgage regulation procedures. Their multilingual team is committed to answering mortgage queries promptly and providing quotes within 48 hours.

Additional Costs to Consider

Aside from the deposit, you’ll also need to budget for fees and taxes when buying a property in Valencia, which typically ranges around 12% of the property price (10% of this is the VAT on your new build in Valencia), depending on the region (in Madrid, it’s around 10% due to lower stamp duty). Banks typically allow you to borrow up to a third of your monthly net income, accounting for your existing debts and the new mortgage payment.

Expert Help from Fluent Finance Abroad

Domosno Valencia also partners with Fluent Finance Abroad, which has been negotiating top mortgage deals for over 10 years. Their team includes financial analysts, lawyers, and fiscal experts who secure mortgages for primary residences, second homes, investment properties, and renovation projects. They also offer equity release options for existing properties.

Making the Right Mortgage Choice

Before committing to a mortgage, it’s essential to assess the market and carefully consider all options. Our brokers will help you find the most suitable package, whether fixed or variable, and ensure you’re fully informed about any hidden costs in your mortgage agreement.

With Domosno Valencia, you’ll receive expert mortgage advice and guidance, ensuring that the mortgage process is straightforward and stress-free. Get in touch today for your no-obligation quote!