In this insightful episode of the Marbella Property Podcast, we have the pleasure of welcoming Santiago Juansolo, a seasoned bank representative, who shares his knowledge about the world of loans and mortgages in Marbella. Santiago sheds light on the current state of borrowing amidst economic uncertainties and exchange rate fluctuations, explaining how banks have adapted […]
In this insightful episode of the Marbella Property Podcast, we have the pleasure of welcoming Santiago Juansolo, a seasoned bank representative, who shares his knowledge about the world of loans and mortgages in Marbella. Santiago sheds light on the current state of borrowing amidst economic uncertainties and exchange rate fluctuations, explaining how banks have adapted their lending policies. Our discussion spans the various types of loans and mortgages available for financing property purchases in Spain, including the nuances between fixed and variable-rate mortgages.
Listeners will gain valuable insights into the last year’s mortgage trends in Spain, understanding the maximum loan-to-value ratios, loan durations, and the average interest rates for first-time buyers. Santiago also discusses the special conditions under Spanish law that benefit certain age groups in property purchases, alongside eligibility criteria for financing. He provides practical advice on improving one’s creditworthiness and the process of applying for a loan, whether as a resident or non-resident. The episode addresses the challenges faced by specific nationalities in banking, the time frame for loan approval, and additional costs associated with property financing.
Moreover, Santiago shares expert tips for prospective property buyers in Marbella considering bank financing, including the potential for renegotiating mortgage conditions and comparing offers from different banks. He touches upon the peculiarities of borrowing against real estate assets and options available for entrepreneurs seeking investment property loans.
Hosted by Gretel Kutan & Camilla Liftinger
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Guest: Santiago Jaunsolo
