If you need to raise the finance to purchase your Spanish property, you can do this either in Spain or in the UK (for residents).

Raising funds from the UK is normally done by re-mortgaging an existing property or by taking out a personal loan. In either instance you will need to transfer the funds from a bank account in the UK to your bank account in Spain.

Spanish banks offer competitive mortgages with low rates of interest, to both non-residents and residents of Spain.

Typically, the banks will grant up to 70% of their valuation of the property for a term of up to 25 years. Several kinds of mortgages including fixed and variable interest rates or, indeed, a combination of both are on offer and interest-only mortgages are also now being offered by some lenders.