There are many Nerja Mortgages available including sterling mortgages secured solely on a Spanish property, full term fixed rates and a potential borrowing of over 100% of the property value. With interest rates as low as 4% and Spanish mortgage terms from 5 to 35 years, there has never been a better time to arrange your Nerja mortage with Nerja Realty. We have access to lenders which many have specialist schemes and special deals. We provide guidance on all aspects of property purchasing in Spain and review all the available financial options.

We have good experience about Mortgages in Nerja, the most frequently asked questions we receive are How much can I borrow? In general, we can arrange a mortgage up to a maximum of 80% of the property valuation, most European Banks lend on the basis that your total monthly repayments (capital and interest) should not exceed 35% of your net monthly disposable income. How long does it take? Each individual case is different however, you should allow between one and four weeks from mortgage application to the funds being available.

There are more and more bank opening in Nerja all the time and the choosing a bank can be a wild guess, Nerja Realty have the bank representatives visiting all the time pushing there products and there latest deals so we know exactly which ones are offering the best deals at the time. If you’re a non resident you can open a bank account with just your passport and a euro, if you want a debt card there is a annual charge and you will also need to check the quartley charges they inforce to administer your account.

Some Nerja banks also offer deposit boxes which you can rent, but these can be gold dust at times so you may need to wait for one and don’t forget to check out the insurance cover. Customer service can also vary from bank to bank but the newer banks tend to offer the best with there fresh young staff and enthusiasm. Ask Nerja Realty which banks offer the best deals and the lowest commission rates and if you plan to be a resident in Spain don’t forget to upgrade your bank account to take the extra benefits.