The Spanish arm of Halifax, Banco Halifax Hispania (BHH), has announced a further reduction in its euro mortgage rate.
Now available with immediate effect are mortgage rates of 3.193 per cent for loans of up to 60 per cent on homes bought in Spain, and 3.443 per cent for loans of up to 70 per cent of the value of the property.
Following a similar reduction last month, BHH's announcement comes as good news for those dreaming of finding their place in the sun.
"Traditionally this is a busy time of the year in the Spanish property market and so the reduction in interest rates is excellent news for those looking to complete within the next few weeks," said Ian Smith, head of European operations for BHH.
"We continue to see low levels of interest rates in Spain and this latest reduction makes that overseas property even more affordable."
BHH has a dedicated team based in the UK, able to provide information on all aspects of financing property in Spain. Click here to find out more about overseas mortgages.
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