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Should you require a mortgage to buy your Spanish property a number of sources of finance are available to you, both from the UK and here within Spain. For more information simply click on 'Financing your Purchase' in the left hand column of this page under the bullet point heading 'Finance'. To assist you spanish home 4 U have looked at a number of the 'Mortgage Calculator' web sites (there are thousands available on the web!) and we put forward to you two sites that seem independent, easy, fast and helpful. Both offer a range of free mortgage calculators, designed to help you calculate your monthly mortgage payments and fees. These mortgage calculators will give you an idea of how much you can afford to borrow at a particular interest rate, however please do not forget to add into your figures the cost of all the fees involved to the cost of your purchase. The two sites are; yourmortgage.co.uk as this site brings over 21 years of industry expertise, breaking news, tips and advice on every aspect of mortgages. They also have ‘best buy’ tables. There is a simple form on this site, which if you submit it they will arrange for a mortgage broker in your area to call you back. The other is moneymadeclear.fsa.gov.uk which is The Financial Standards Associations own web site, so it is as independent as one can get!
There are specific calculators designed to suit a range of needs, for instance a basic mortgage calculator, a Buy to Let calculator and even a 1st time buyer calculator. In all instances it is recommended that you consult a financial or mortgage adviser to find out exactly how much you could borrow and exactly what you will have to pay, now and in the future.
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