Specialist Spanish mortgage lenders UCI has lowered its rates and expanded its product range.
The bank is now offering five-year fixed rates at 4.90% plus ten-year and fifteen-year fixed rates at 4.65%. These rates are available to British borrowers buying in Spain with a 35% deposit.
For Brits with a deposit of between 35% and 20% of the property purchase price, two-year fixes start at 4.95%, rising to 4.70% for ten and fifteen-year fixes.
UCI offers vailable rates at 4.95% for borrowers, provided they have a 20% deposit.
Many Spanish mortgage lenders have not been as busy as usual following increased funding costs, but rates are starting to ease and look like better value for money.
UCI’s Spanish mortgages are often suitable for borrowers with slightly more complex financial situations and the bank regularly helps self-employed borrowers, those with multiple income sources and wealthier buyers seeking mortgages up to 2 million euros.
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