The banks back Altavista Property.
It is no secret that after the financial crisis began in 2008, Spanish banks more or less stopped lending, whether it was mortgages for private home purchase or loans for businesses. This issue was not confined to Spain, but since Spanish banks had undoubtedly been left very exposed in the holiday home property market, it was not surprising that the blow of the recession had a more significant impact on them. However, the encouraging growth in Spain’s property market that took hold during 2014 has prompted Spanish banks to make mortgages available again. This is excellent news for overseas investors, although buyers should be aware that the new lending conditions are rather stricter than in the pre-recession era. As a general rule, the average amount available is between 60-80%, which can fall short of the requirements of some homebuyers. And, this is where Altavista Property can help you. We have developed excellent relationships with local banks over the years and the company is considered a leading marketer of Marbella properties by the financial sector. In addition, Altavista Property has ISO 9001 accreditation, an international credential for its quality of business management that gives the banks confidence. Indeed, because of our high local standing with the banks, we were one of the first agents to obtain a significant number of 100% mortgages for our clients. It is the quality of Altavista’s clientele that has played a role in reinforcing the relationship with the banks; that, and our success in marketing luxury developments in Marbella to an international client base. Altavista Property is often selected by Marbella developers as an exclusive partner for sale of newly released projects, which is another reason why we are able to offer our clients not just a mortgage; but also new properties that no-one else has access to. The team keeps a keen eye on the pricing market and we feel that we not only offer an excellent selection of properties; but also at the right price for the property. If you’re seeking an agent with the potential to obtain 100% financing for you, please contact us for help with finding your perfect Marbella property.
