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How should I determine my budget?

It is important to have an idea of the budget for your Spanish property purchase before you set out looking. Many people use a combination of cash or equity release (remortgage) from their existing property together with a Spanish mortgage to finance the purchase of their overseas property. The mortgage rates in Spain are at an historically low level, and many people are using these low rate mortgage products rather than using all of their hard-earned cash. Your budget may also be affected by the rental potential of your property. Very often, the income generated from 10 weeks rental of your property can be enough to cover over 6 months worth of mortgage payments on your property in Spain.

We have selected a small number of specialists in the areas of Spanish mortgages, equity release (re-mortgages) and general financial advice to answer any questions you may have before determining your budget. For further information, please consult our Spanish Mortgage section.
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