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 LATEST NEWS

Arrows Mortgage swapping to be free

The Spanish government is planning to make mortgage swapping free.
Currently banks are allowed by government legislation to charge 05% of the pending amount for mortgages contracted after 27th April 2003, and up to 1% can be charged for in mortgages contracted before that date. This does not include other associated transaction fees, such as notary fees and registry charges.

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Arrows BRITISH BUYERS ARE TOPS
According to the organizers of the second exhibition in London, there are now 550,000 British home owners in Spain.
This figure is expected to exceed 750,000 over the next five years, The number of new..

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Arrows BANKS GET TOUGH

(November 28th SUR IN ENGLISH )

After several warnings from national and international financial institutions that the “property bubble” is about to burst, Spanish banks and mortgage financing entities have decided to put brake on.
After having allowed their branch managers a lot of leeway with mortgage applications


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Arrows N&P mortgages property
finds Spanish property a draw
(http://www.quotesearch.co.uk/news)

Although most Brits opt for an apartment when buying a home in Spain, the popularity of detached villas rose seven per cent to 22 per cent last year, according to Norwich and Peterborough Building Society (N&P).

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Arrows
Rising interest rates in Spain reach their peak

(SEPTEMBER 11, 2007)
Spanish Finance Minister says that interest rates have reached their peak

Pedro Solbes, the Spanish Vice–President and Finance Minister said yesterday that interest rates have reached their peak and are likely to stabilize or even start to drop in the near future.

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Latest News

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