The current economic situation and the change in housing demands have made the desire for replacement housing the main driver of the residential market in Spain at the moment. The main reason is that many young people, potential buyers of a first property in ownership, have seen in recent months how their personal finances have […]Continue reading
In the past, banks used to make the granting of mortgage loans conditional on the applicant having to take out a range of products from the same bank: credit cards, pension plans, home insurance, life insurance or even payment protection. Products that of course have a cost. To this, we must add the fact that […]Continue reading
Buying a home is one of the most important steps in anyone’s life. If we do not want to take this step alone, but with our friends help, things can get even more complicated. And if we have to apply for a mortgage on top that… Well, you might need a lawyer! In this article […]Continue reading
The Spanish Ministry of Transport and Movement has officially announced reform of its current housing plan – Housing Plan 2018-2021. Its aims are to streamline the management of this plan, in addition to achieving a greater efficiency of the resources allocated to this scheme. Among the main clauses to be introduced is the extension of […]Continue reading
If you’re thinking about purchasing or renting a property in Ibiza as a foreign resident of another country within the European Union or further abroad then it’s essential to research and understand that both the legalisation and roles of professionals are more than likely to be different than those of your home country. Therefore it’s […]Continue reading
Many mortgage holders in Mallorca, Menorca and Ibiza are looking for an improvement in the terms and conditions of their mortgage agreement. In most cases, a smaller monthly payment is considered the main objective of such investigations. To achieve this objective, there are several different operations that can be carried out: novation, subrogation and cancellation […]Continue reading
