Posted on: 16th Mar, 2011 12:33 pm
Hi there,
We are looking to remortgage a property in spain. There is a current mortgage of 115k euro, and we want to remortgage for 160k euro and the value of the property is 205k euro...
We are based in the Netherlands, and have no problem in meeting repayments, as both working etc;
Any suggestions?
We are looking to remortgage a property in spain. There is a current mortgage of 115k euro, and we want to remortgage for 160k euro and the value of the property is 205k euro...
We are based in the Netherlands, and have no problem in meeting repayments, as both working etc;
Any suggestions?
Hi rachaelvanos,
Welcome to Mortgage fit,
I won't think you will face any problem for remortgage.From your post what I assume is that you wih to go for cash-out refinance.It is possible to get only if you have certain equity in the home (I am unsure about the % of equity required in spain).
As far as this forum is concerned all the lenders listed on this community are either based in USA or they only deal with USA properties.So you will receive very little help in this regard from our community...
If in the future we get chance to serve you we will be delighted.
Feel free to ask any further query if you have....
DIPA
Welcome to Mortgage fit,
I won't think you will face any problem for remortgage.From your post what I assume is that you wih to go for cash-out refinance.It is possible to get only if you have certain equity in the home (I am unsure about the % of equity required in spain).
As far as this forum is concerned all the lenders listed on this community are either based in USA or they only deal with USA properties.So you will receive very little help in this regard from our community...
If in the future we get chance to serve you we will be delighted.
Feel free to ask any further query if you have....
DIPA
Hi rachaelvanos,
You will have to contact a lender based in Spain and take his help in getting a remortgage for the required amount. As there is equity in your property, you won't face any problems in getting a remortgage.
You will have to contact a lender based in Spain and take his help in getting a remortgage for the required amount. As there is equity in your property, you won't face any problems in getting a remortgage.