Costa Blanca
ApartmentsLinked Villas
Detached Villas
Murcia & Costa Cálida
ApartmentsLinked Villas
Detached Villas
Valencia Region
ApartmentsLinked Villas
Detached Villas
Mortgages & Finance
Variable repayment mortgages
Standard repayment mortgage on which capital (plus interest) is paid back from day one. Therefore, with each monthly repayment, and as of the first month, the client is reducing the capital owed.....
Read more about Variable repayment mortgages...
Fixed-rate mortgages
Similar to a repayment mortgage but with the option of fixing the interest rate for a term of 1, 2, 3, 4 or 5 years, during which the monthly repayments will not vary. You may be charged for any early repayment (or cancellation) you make during the said term.
Read more about Fixed-rate mortgages...
Interest-only Mortgage
This type of mortgage includes an initial grace period of between 1 and 15 years during which the client does not repay capital. Therefore, the monthly payments made during the said period are ONLY interest on the amount borrowed.....
Read more about Interest-only Mortgage...
Interest-only overdraft-type mortgage
The latest product to be launched is interest only for the full the term of the loan (maximum 15 years subject to age), also known in Spain as an "Elastic Mortgage" and similar to UK interest-only overdraft-type mortgages.....
Read more about Interest-only overdraft-type mortgage...
Setting-up costs
Unlike in the UK where the main costs are the arrangement and valuation fees, in Spain a mortgage has to be notarised and tax paid on the amount borrowed, so setting up a loan will work out more costly in the short term. However, taking a longer term view would mean that the low interest rate in Spain would make up for the higher initial set up costs.....
Read more about Setting-up costs...
Redeeming the loan
Most Spanish lenders charge a redemption penalty if you wish to pay the loan off earlier. However, this does vary according to lender and the type of loan you take out. Sunshine Villas has negotiated a nil redemption penalty for interest-only loans.....
Read more about Redeeming the loan...
Pre-qualifying for a loan
You can pre-qualify for a loan with no obligation. Please click below to see what documentation you need to provide and once you are ready we can arrange to have an application form sent to you.....
