At Enness, we specialise in sourcing low-cost bespoke mortgage products including local and international private banking mortgages, equity release and development finance secured against Spanish property. We work with an international network of lenders and investors that allow us to find terms for the most unique opportunities and structure financing to meet the exact needs of the client.
Highest LTV Mortgages
With one of the most prominent wealth tax rates in Europe means getting the highest loan to value mortgage is more important than ever for High-Net-Worth clients buying a property in Spain.
Headline details:
Mortgage Type: Capital Repayment
LTV: 70%
Interest Rate Options:
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Variable Rate: 1.40% + EURIBOR (floored at 0%)
Fixed Rate: 2.00%
Term: Up to 20 years
Interest Only Mortgages
Interest Only Spanish mortgages are heavily restricted by local lenders but international lenders are prepared to offer these loans to non-residents.
Mortgage Type: Interest only
LTV: 60%
Interest Rate Options:
1.40% + EURIBOR (floored at 0%)
Fixed rate: 1.55%
Term: up to 5 years (renewable at maturity)
Development & Bridging Finance
An increasing reluctance of local lenders to lend against property developments in Spain means clients need to look harder for creative funding solutions. We work with internationally based development banks that provide funding solutions giving you the option to fund a development with a bridging loan.
Interest Rate: From 0.70% per calendar month
Mortgage Type: Interest Only
LTV: Up to 65% of the project cost / property value
Islay Robinson, founder of Enness, is a specialist in high-value and complex mortgage transactions. He has played a key role in structuring and delivering bespoke financing solutions across a wide range of UK and international cases.
