• Minimum loan: GBP 100,000 or currency equivalent.
• Further advances – GBP 35,000 or currency equivalent.
• Loan Currency: Must be either the local currency of the property location or the currency of the client's primary income
• Interest Rates: view here
• Repayment options: Capital & Interest repayment or Interest Only (five years maximum and additional margin loading of 0.20%).
• Loan term: 30 year term or up to 70 years of age, whichever is earlier.
• Financing: Maximum 60% of purchase price or valuation price, whichever is lower.
• Arrangement fee: 1% of the loan amount and payable upon acceptance of formal offer letter and is non-refundable.
• Legal fees :For client’s account (both the borrower’s and the bank’s legal fees)
• Valuation fees, stamp duties, taxes, communication charges, building & other forms of insurance: For clients account.
• Currency switching: Subject to qualification criteria and availability, which varies from time to time. When currency switching is offered, two free switches per calendar year, USD150 per switch thereafter.
• Security: First legal charge or mortgage over the property.
• Leasehold properties: Minimum 50 years left to run after repayment date.
• Letting/Rental: No additional charges or increase in interest rates but tenancies or lets beyond certain terms will require our formal, written authorization and lower loan to value ratios may apply.
• Repayment: Quarterly in arrears.  
• Pre-drawdown amendments A handling fee of USD150 will be charged should borrowers wish to make any amendments to the loan offer letter after the letter has been issued and accepted.

1. The bank can only finance EU passport holders for the purchase of a Spanish property. Non-Residents Buyer’s Identification Number (NIE) (which is for foreign individuals) is to be obtained before purchasing a Spanish property. NIE for all appearing parties e.g. guarantors must be included in the relevant mortgage documents. For non-EU passport holders, NIE needs to be arranged by the borrower in advance of the transaction.
2. The bank can finance Spanish residents for the purchase of property outside of Spain.
3. Bank consent is required for entering into letting or tenancy agreements for terms exceeding 6 months.
4. Financing will not be available to corporate/trust structures as well as to those cases where the borrower(s) of the loan and the owner(s) of the property are not the same person(s).
5. The bank only finance Non-Spanish residents for the purchase of a Spanish property.

After the loan is drawn and the client intends to take up residency in Spain, the bank may continue the facility although no additional loan will be allowed.