Mortgage Services
The Bars in Spain SL Mortgage Service
UK and Spanish based to provide you with the best of both worlds!
The BIS Mortgage Advisory Service has representation in both the UK and Spain and is a leading financial intermediary providing complex financial solutions to clients throughout the world
The Mortgage Advisory Service is a specialist mortgage brokerage, dealing with high-net-worth clients, self certification of income, Buy-to-Let etc...
Many of our clients already invest in Spain and it seemed natural to extend our service to offer clients the same level of service they receive in the UK.
The Mortgage Advisory Service Spain SL and our UK Partners combine to form an International company with offices in Spain and the UK.
A National company with a Global reach
A Global Presence
At Bars in Spain we provide mortgage solutions to many nationalities in addition to our UK client base, this includes residents of Mainland Europe, Scandinavia and the Americas
We have Access to over 7,000 mortgage schemes in the UK - one of the most developed mortgage markets in the world.
We are constantly seeking to develop New Products to meet the changing demands of the evolving Spanish Mortgage marketplace.
Why The Mortgage advisory service?
Meeting the Needs of our Clients
Offices in Spain and the UK allows follow-up service for UK clients and access to over 7,000 mortgage products.
Operating in an unregulated market to UK standards as laid down by the FSA (Financial Services Authority).
Unique range of products including 80% of valuation, Interest only, Self-certification and Equity release, Bridging finance and off-plan (subject to owning already in Spain).
Business built on the quality and speed of service and consequently we generate a high number of referrals from satisfied clients.
Agreement in Principle for Spanish mortgages. Within 24 hours
Weekly updates for all our introducers and clients by telephone or email, as preferred.
How we can help with your purchase…
Meeting the Needs of our Clients
High Loan to Value Options.
Interest Only Mortgage Options.
Self-certification of income.
Self Declaration Mortgages.
Re-mortgages available for new and existing clients.
Raise finance in the UK to cover deposits for stage payments and costs.
Portfolio Management and Growth Advice.
Provide creative solutions to assist in your purchase.
How finance can trigger a buying decision
Our Extensive Range of Mortgage Options can greatly increase your chances of buying your “Dream Home”
For example:
You wish to purchase a villa for one million euros
We can offer a 60% Interest-Only mortgage at a rate of 3.5% (average)
This equates to a monthly payment of € 1750 or £1,232 per month
Or £285 per week
Our Mortgage Schemes
80% maximum loan to value with interest only options
Maximum term is 30 years up to age 75 (min 30, max 55).
Maximum mortgage allowed is €450k.
1 year interest only currently at 3.85%, or 3 years interest only at 4.4% fixed, remainder of the term is capital repayment currently at 3.8% variable.
The lenders interest rate is 0.5% above the Mortgage Reference Rate (IRPH) variable except on 3 years fixed. The lender charges a bank opening fee of 1.50% and an early redemption penalty of 1% of the outstanding balance. Interest rate is reviewed annually.
Our Mortgage Schemes
75% maximum loan to value with interest only options
Maximum term is 25 years up to age 75 (min age 25).
The lenders interest rates is currently 2.95% fixed for 1 year then 3.55% thereafter.
The lenders variable interest rate is 1.25 above EURIBOR fixed for each 12-month period from commencement.
Can have the option of interest only for as long as the term, provided there is repayment vehicle in place.
The lender charges a bank opening fee of 1% but charges no redemption penalty.
Interest rate is reviewed annually.
Our Mortgage Schemes
70% maximum loan to value with interest only option
Maximum term 30 years up to age 70.
Maximum mortgage allowed is €500k.
4 years interest only currently at 3.8%, remainder of the term is capital repayment also at 3.8% variable.
The lenders variable interest rate is 1.4% above the EURIBOR if you take advantage of the 4 years interest only and 1.25 above the EURIBOR for the capital repayment.
Interest rate is reviewed annually.
The lender charges a bank opening fee of 1%, but charges no redemption penalty.
Our Mortgage Schemes
60% maximum loan to value with interest only option
60% maximum loan to value with interest only option.
Maximum term is 30 years.Maximum mortgage allowed is €1.8 million, flexible Mortgage. Currently 10 years interest only at 3.32%, remainder of the term is capital repayment also at 3.32% variable.
The lenders variable interest rate is 1% above the MIBOR. At the end of the interest only period it reverts to capital repayment at 1% above the MIBOR.
Interest rate is reviewed monthly. The lender charges a bank opening fee of 1%, but charges no redemption penalty.
Our Mortgage Schemes
Self Certification - 50% maximum loan to value with interest only option
Maximum term is 30 years.
Maximum mortgage allowed is €400k.
Currently 10 years interest only at 3.56% variable, remainder of the term is capital repayment currently at 3.8%.
The lenders variable interest rate is 1.5 above MIBOR if you take advantage of the interest only and 1.5 above MIBOR for capital repayment.
The lender charges a bank opening fee of 1%, but charges no redemption penalty.
Self assessment form and P60 and pay slips as proof of paying UK tax, However income figures are not used
Our Mortgage Schemes
Self Declaration - 40% maximum loan to value with interest only options
Maximum mortgage allowed is €200k.
The lenders interest rate is 0.5% above the Mortgage Reference Rate (IRPH) variable except on 3 years fixed.
The lender charges a bank opening fee of 1.50%, and an early redemption penalty of 1% of the outstanding balance.
Our Mortgage Schemes
75% maximum loan to value with interest only option
Maximum term is 25 years up to age 75 (min age 25).
The lenders interest rates is currently 2.95% fixed for 1 year then 3.55% thereafter.
The lenders variable interest rate is 1.25 above EURIBOR fixed for each 12-month period from commencement.
Can have the option of interest only for as long as the term, provided there is repayment vehicle in place.
The lender charges a bank opening fee of 1% but charges no redemption penalty.
Interest rate is reviewed annually.
Our Mortgage Schemes
50% maximum Loan to Value with interest only option
Maximum term is 25 years or up to age 70.
Maximum mortgage is €12k above purchase price.
Currently 1 year interest-only at 3.40% fixed, remainder of the term is capital repayment currently at 3.3%.
The lenders variable interest rate is 1% above the EURIBOR. The interest rate is reviewed annually.
The lender charges a bank opening fee of 1% and an early redemption fee of 1% of the outstanding balance.
Our Mortgage Schemes
40% maximum Loan to Value with interest only option
Maximum term is 30 years or up to age 70.
The maximum mortgage allowed is €500,00.
Currently 4 years interest only at 3.8%, remainder of the term is capital repayment also at 3.8% variable.
The lenders variable interest rate is 1.25 above the EURIBOR. Interest rate is reviewed annually.
The lender charges a bank opening fee of 1%, but charges no redemption penalty.
Bars in Spain SL Financial Services
Providing Global Mortgage Advice and Solutions...
...To Help you Purchase your Ideal Home!
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Bars in Spain SL: 0871 250 2000 (UK), +34 952 499 400 (Spain) Back to Start | Back to Main Site |
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