Hey all,
I've seen the property I would like to buy on the Costa Dorada. The price is 235K Euros so I expect about 25k on top to make it 260k. Can I get a mortgage of 85 to 90% interest only in Spain on the 235k or 80% on the total price of 260k?

Everything I have seen so far is 80% of the 235k.
Regards

Hi Andre,
My understanding is that as a foreigner you are only entitled to 70% mortgage, however, the one way around this is "ltv" or loan to value

if your property was valued above the asking price you could get 70% of the valuation figure(thereby making it a higher percentage mortgage)

as far as the fees are concerned, they are totally separate from your mortgage even if you got a 100% mortgage you would still have to come up with the 10-13% for solicitors, stamp duty and vat etc

I?m pretty sure this is how it works if I?m wrong I?m sure someone will correct me
Warm Regards