Gibraltar Properties - Costa Del Sol Properties - Costa De La Luz Properties - Morocco Properties - Portugal Properties 16th July 2018 
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An ongoing series of articles offering advice to potential homebuyers considering moving to southern Spain

Will 2006 be the year you finally take the plunge and buy a property abroad? If the answer is yes, then you certainly won't be alone. It is estimated that approximately 80,000 Britons are expected to splash out on a second home over the coming months. Apparently, Britons are spending £6 billion a year on the purchase of second homes – a staggering £4 billion more than two years ago. Statistics suggest that Spain is still very much the location of choice.

From the lush green countryside in the North to the breathtaking semideserts and mountains of the South, beautiful dream homes on the Mediterranean are awaiting buyers for holidays and short breaks or as a longer-term getaway. Only two hours’ flight away, and the increasing number of cheap flights available from over 26 UK airports have really helped attract buyers to this market.

When it comes to buying Spanish property, it's easy to be put off by the difficulties of organising a mortgage using an overseas bank. With the Spanish Mortgage from NatWest you can arrange property finance for purchase anywhere in Spain, be it on the mainland, the Balearic Islands or the Canary Islands.

Established as the "capital of the Mediterranean", living in Spain is a dream for many people, especially for those currently living in the UK. The weather is better, the Spanish cost of living is lower (in most areas), and the general atmosphere is much more relaxed.

Listening carefully to the demands of our clients, at NatWest we have improved our products and services. Spoilt for choice, our portfolio boasts a wide array of rates to suit every client’s needs. Our platter of rates and products - tailor made to all acquired tastes - is presented as a menu to take away the craving for that property that you have dreamed of for so many years.

We offer ‘interest only’ and ‘capital repayment’ facilities that can be combined with different fixed and variable rates. Offering both sterling and euro rates, each with their own variable and fixed rates that can in due course be designed to specific combinations and to the client’s desires.

This month we are proud to present the new two-year discounted variable rate which has been added to our rate range, so why not speak to our Spanish team in Gibraltar to find out more.

The experienced team in Gibraltar are bilingual in Spanish and English and will help to put you in touch with local English-speaking estate agents and lawyers. Buying in Spain is totally different to buying in the UK, and the team will guide you through the process.

Whether you need assistance with a purchase, or would like to run a scenario past us… maybe even just get information on our rates, why not speak to our experts on 956 74 00 13 (from Spain) or 0845 900 8000 (UK), or e-mail them at spanishmortgages@natwestinternational.com. Buying a home or property in Spain is a very different process to the one you are probably used to, and at NatWest we can certainly put your mind at ease!

The Spanish Mortgage is provided by Adam & Company plc trading as NatWest, a UK subsidiary of The Royal Bank of Scotland Group. NatWest and associated trademarks are licensed for use by Adam & Company plc. Adam & Company plc is registered in Scotland, No. SC83026. Over 18s only. Subject to status. Conditions apply. Security required on Spanish property. Written quotations available. Calls may be recorded. Internet e-mails are not necessarily secure as information might be intercepted, lost or destroyed. Please do not e-mail any account or other confidential information.

PLEASE NOTE THAT FOR MORTGAGES WITH INTEREST PAYMENTS BASED UPON VARIABLE RATE TERMS THERE IS A RISK THAT THE TOTAL SUM PAYABLE UNDER YOUR MORTGAGE INCREASES SIGNIFICANTLY AS RATES RISE. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.

Related articles:

Click here to view our full list of articles containing information essential to anyone who has purchased (or is considering purchasing) property in Spain.