Abbey launches new Spanish mortgage

30 November 2005
Brits looking to foray into the Spanish property are in luck as Abbey has launched a brand new Spanish mortgage for those looking to relocate to fairer climes.

The mortgages are only available in euros but buyers should not worry, says Abbey, since their Spanish Home Finance Team will be on hand to give sound legal advice to property buyers to ensure the process is as smooth as possible.

Abbey's head of specialist lending, Jeff Scott, said: "Increasing numbers of UK residents are buying properties abroad, whether it is retiring overseas, investing in holiday homes or even first-time buyers priced out of the market here.

"One of the favourite destinations for overseas property investment is Spain, and under Banco Santander’s ownership, offering Spanish mortgages from Abbey is a logical next step."

Available mortgages include two and five-year fixed rate products plus a tracker rate mortgage.

A recent survey showed Spain is still the top destination for Brits looking to more abroad, closely followed by the US and France.

More information on the Abbey mortgages can be found by calling the bank or visiting the Abbey website.

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