Directly from our Mortgage partner: one of the most active mortgage brokers in Spain.
Thanks to our strong customer requests, our mortgage partner is very happy to work with us and to provide you with the best mortgage offers available on the market right now for both foreigners and Spaniards.
It’s a win-win for everybody:
- We get a lot of demands from qualitative prospects: the Spanish banks love your profiles.
- Our partner is one of the biggest mortgage broker established in Spain.
- Our partner compares mortgage quotes from the most aggressive banks in Spain continuously.
A quick presentation of our mortgage partner and why they will get the best rates for you:
The first reason: you are part of our HowtobuyinSpain network.
Why did we decide to partner with them?
Major banks tell them they are their leading introducer of mortgage business in terms of the quantity and quality of client profiles they submit – they are the leading independent mortgage broker in Spain. The number of their clients defaulting on their mortgages is very low compared to other introducers. For these reasons, our clients are given priority treatment and offered better conditions.
They have direct lines of communication with members of the board of directors at several of the largest banks and have been invited to discuss market trends and offer their opinions on what products should be offered to clients for the lenders to gain a competitive edge over their rivals. This involvement has allowed them to negotiate the best conditions for our clients that are not available to clients who visit branches independently or who are referred to banks by other mortgage brokers or estate agents.
They offer our customers the following
Fully independent advice
They can offer you products from all the leading banks in Spain (including all international banks) and will endeavour to find the right mortgage product for you from the most suitable lender. They are not tied to any particular bank and we often apply to several banks simultaneously to achieve the best conditions. They work with many different collaborators in the industry (estate agents, lawyers, foreign exchange specialists, building surveyors, etc.) whilst remaining fully independent and adhering to the strictest rules on client confidentiality.
Money Back Guarantee
If you decide to proceed with a formal application following receipt of a mortgage proposal, They will ask you to pay an Administration Fee of €695. This fee comes with a money back guarantee, so if their recommended bank declines the mortgage and they are unable to find a suitable alternative product, They refund this fee (please refer to their Terms and Conditions).
They are an SL company based in Spain
They are an SL company based in Spain. This gives them a distinct advantage over their competitors who are not based here, one being that some banks will only deal with mortgage brokers/intermediaries who are SL registered. They know the Spanish banking procedures inside out and they have regular meetings with bank representatives at the highest levels. In addition, the fact they are based on the mainland actually gives them better access to head offices in Barcelona and Madrid and they have found that this gives an additional advantage when dealing with mortgages for the islands (the Balearics and the Canaries). They can offer conditions that are not available locally or via regional credit committees.
Initial advice with no obligation
There is no initial charge for simply discussing your situation with them. Most enquiries will lead to them sending a mortgage quote outlining a potential mortgage for you. If you decide not to proceed after receipt of this quote, there is still no fee to pay.
Quotes within 48 hours
From the initial enquiry, They aim to issue a mortgage proposal within 48 hours. All information you provide will be treated as strictly private and confidential. Their aim is to provide you with a fast and efficient service from start to finish. In Spain, this is largely dependent on the quality of contacts within the banks and this an area in which they excel.
Professionally qualified advisers
They have mortgage advisers that are fully qualified at FPC and MAQ. They are members of the Chartered Insurance Institute and Personal Finance Society, which is a compulsory examination for UK-based mortgage advisers to act on behalf of clients.
Although they cannot subscribe to the UK Mortgage Code here in Spain, they do still adhere to the principles of this code, as they believe in conducting business in a professional manner and being held accountable for their advice.
Several major banks have commented that they are the only company that has advisers who are qualified to advise in both the UK and Spain. With one of the largest banks in Spain, this has resulted in them being one of only a handful of officially recognised collaborators.
Their fees are very competitive and they monitor their competitors’ fees continuously to ensure they remain so. They charge a fee at the outset, which the banks prefer as they know that our clients are serious when they receive their applications. They also have a Money Back Guarantee, as explained above. They believe they offer the best quality advice and the lowest charges.
They assist you with the mortgage process from start to finish and they work closely with other advisers you appoint to help you with your property purchase. Naturally, over time they have built up an extensive network of trusted collaborators. They have a tried and tested panel of reputable lawyers, foreign exchange contacts, independent financial advisers and structural surveyors who they can recommend if you wish to build a quality team of professional advisers to deal with the relevant aspects of your purchase. In our view, the team you appoint is crucial to ensuring the process is as smooth as it can be and any issues that arise are overcome quickly and efficiently.