FANTASTIC NEWS FOR BUYERS – REDUCTION IN MORTGAGE FEES
Good news for all our clients who need a mortgage to purchase a property in Spain! As from November 2018, buyers of properties in Spain no longer have to pay the stamp duty when they take out a mortgage. Up until now, the banks passed this tax over to the buyer, however due to a new law in Spain, this has been deemed illegal, as THE BANK must pay this tax. This represents quite a saving, in most cases as much as 1.5% of the loan. This means getting a mortgage in Spain is much more affordable - there are of course still costs involved but less than before. So why not browse some of the properties we have for sale on www.inspiredhomesmarbella.com?
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