The rise in interest rates has increased the price of variable mortgage rates by hundreds if not thousands of euros, causing panic among those who have this type of plan. So, what are the best ways to change to a fixed mortgage?
If you’re looking to buy a property in Spain this year, then you’re in luck. Not only have property prices fallen in many regions across the country, but banks are also offering lower interest rates and more favourable mortgages too.
The Spanish government approved a decree on Friday that gives banks three months to reach a settlement with clients who were sold mortgages with abusive interest rate floors.
The European Court of Justice ruled Wednesday that Spanish banks must reimburse clients who had signed mortgage contracts that unfairly prevented them from benefiting from a steady drop in interest rates.
A Spanish judge has ordered a father to pay his 29-year-old daughter €500 ($630) a month in financial assistance, citing the difficulties under 30s have in finding work because of the country's crisis.
The number of new home mortgages officially registered in Spain in July was up nearly 30 percent on a year earlier, official figures released on Friday show, but the property market is still a long way down on pre-crisis highs.
House prices rose by 0.8 percent in the second quarter of 2014 compared to the same period last year, the first positive sign for Spain's housing market since the economic crisis reared its ugly head at the start of 2008.
The number of new mortgages in Spain in June was up nearly 20 percent on the same month in 2013, only the second such year-on-year rise in four years, official figures released on Wednesday show, but the credit crunch is far from over.
Nearly 50,000 Spanish families lost their homes in 2013, up 11 percent on a year earlier, as the country's economic crisis showed little sign of abating, figures released on Monday show.
The full scope of Spain's evictions epidemic has been revealed in figures from the General Council of the Judiciary which show that 67,189 people lost their homes in 2013.
An unemployed father has told a judge in Spain he is willing to become his ex-wife's 'slave' as he can no longer afford to pay the monthly €1,600 ($2,200) child support payments legally agreed after their divorce.
