Halifax reduces cost of buying property in Spain

24 May 2005
The cost of buying a property in Spain has been reduced by Banco Halifax Hispania (BHH), the Spanish arm of Halifax.

BHH has reduced its mortgage rates with immediate effect. Mortgage rates of 3.265 per cent for loans of up to 60 per cent loan to value (LTV) and 3.515 per cent for loans of up to 70 per cent LTV are now available.

"We are continuing to see low levels of interest rates in Spain which makes it an excellent time to finance that dream home in the sun," comments Ian Smith, head of European Operations at Halifax.

"As we move into generally what is a busy house buying period, this latest reduction in interest rates makes that overseas property even more affordable."

BHH has a dedicated team in the UK which is 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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