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Bank loans, additional costs, and the typical pitfalls
"Bank loans, additional costs, and the typical pitfalls of the"

"So finance you buying a house in Spain"

"In the second episode of the tv series ”Dream of Spain”, we go in depth with the financing. How may you actually afford their dream home in the sun?nProgramledare Camilla Enström guides us through the complex Spanish housing market. "

"Last year was the record number of swedes who have bought a property in Spain. Around 4 000 swedes realized their dream of living completely or partly in the pleasant Spanish climate. "

"It's a little more complicated to buy a property in Spain compared with Sweden. Most people take a bank loan to cover the cost and a good tip is to take a loan in a bank in Spain. If you feel insecure because of the language, so it is good to know that there are branches that have scandinavian representatives, for example, DNB, Swedbank and Handelsbanken. "

"the Extra fees and loans"

"You can expect to borrow around 70 per cent of the property value. The rest of the money you have to have yourself. Even the 10 to 15 percent, in addition to the purchase price to be paid to get the purchase completed. "

" If you take out a loan in Spain so put your Spanish property as security. You get a loan in euros, the same currency in which the house is valued at, " says Svein Erik Lampe in the bank DNB. "

"His best tip is to hire a lawyer who is on location down in Spain and who can make sure that everything gets done properly. "

"– Then you can avoid making the classic errors that many people make here when they are supposed to do things on their own, " says Svein Erik Lampe. "

"A typical pitfall that many fall into is that they find an item they want and pay the money in advance on the house. Then clear the not of to get financing on it in retrospect. It can be a tough situation to deal with. "

"It can be difficult to know how much to pay for a property in Spain. It is not so easy to see the prices of sold properties in Sweden because there is no enheltlig aggregate information to find through a site or with a broker. Where to get simply go on the broker's experience and knowledge. "

"– five ten years ago it was mostly a little older crowd that bought, retirees who wanted to enjoy a warmer climate in the winter. Now we see that there are more younger abilities who come here, both families with children and couples who choose to move to Spain. Partly because it's easy to fly between Sweden and Spain, and in part to many working online at a distance and are not as tied to Sweden, " says Fredrik Kristensson, broker at Carl Alex Partners."

"So you avoid the classic mistakes."

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