Welcome to Fluent Finance Abroad
the Spanish Mortgage Specialists
‘An investment in knowledge pays the best interest.’ Benjamin Franklin
We specialise in mortgages in Spain, finding for our clients the most appropriate form of finance to purchase their ideal property anywhere in mainland Spain and it’s Islands, whether it is a holiday home or purely for investment purposes.
Our team of fully qualified Spanish Mortgage Consultants (ICIs) & UK qualified Mortgage Professionals (CeMap) will assist clients with the complex decision process from beginning to end. Fluent Finance Abroad offer Whole of Market mortgage options from every Spanish mortgage lender active in the Spanish mortgage market.
WHAT OUR CLIENTS SAY
Hi Stuart, nice catching up with you yesterday.
Dawn and myself would just like to thank you for the help you gave us in securing a mortgage for our property in Spain, your handling of the business was first class and made everything move through smoothly and assured us that we had picked the right company to be represent by.
When we upgrade our property you can be assured that we will use you and also pass on your details to anyone that might be buying in Spain.
Many thanks to all involved and for all your help and professionalism.We would definitely recommend you all to anyone buying in Spain and shall do.
UK, June 2017
- Mortgages for New Purchases
- Re-Mortgage or Swapping Mortgage Providers
- Capital Raising or Equity Releases
- Self Build mortgages
- Commercial Mortgages
- Bridging / Short term lending
- Over 65’s Home in Plans
- Self Certification Mortgages
- Business Loans & Mortgages
FFA work with UK regulated Independent Mortgage Consultants like ourselves who are very well positioned to organise the lending required but due to the fact our advisers have many years experience in the UK mortgage market we are much better placed to explain the benefits of lending in either jurisdiction rather than an adviser with expertise in just one.
Marc, Stuart, Julian & Alison all have UK mortgage backgrounds & CeMAP qualifications and therefore are well placed to explain the pro’s and con’s of raising finance in Spain, UK or a combination of Spain & UK.
We find that many clients will try to source these borrowings themselves and will have severe difficulties. Raising money from UK property for purchasing in Spain is all about knowing which lenders to approach as many will not entertain lending for this purpose. It is also about how you present the application to the lender in the UK as well as the lender for the Spanish mortgage. If it is not presented in the correct manner at best you will make life very difficult for your self and at worst you will be declined for the loan.
Types of UK residential lending we are able to discuss.
Residential re-mortgage: If clients have no mortgage on their main residence in the UK or have no early redemption penalty on their existing mortgage. Then we can re-mortgage the property to raise funds for purchase in Spain. The property can be re-mortgage up toa maximum loan to vale of 95% as long as the clients fit the affordability criteria of the lender.
Buy to let re-mortgage: Raising funds against buy to let properties through re-mortgage is a relatively straight forward process. The lending is based upon the rental income the property is generating and with 95% of lenders the maximum LTV is 75% of the property value. There are lenders that will go to 85% LTV but their Interest rates are considerably higher.
Second Charge Secured Loans: We use quite a few of these as a vehicle to raise funds for Spain. They are very useful when a client just needs to raise 20, 30 or 40’000 sterling to boost their deposit. Although we have done secured loans for in excess of 100 thousand. The loan is set for the same term as their remaining mortgage and runs alongside it without interfering with it at all. The rates are slightly higher than a standard mortgage as the risk for the lender is higher. However they are nothing like the rates you get for personal loans. The benefit of the secured loan is in many cases they can be taken on an interest only basis. There are no early redemption penalties with secured loans, so when you current tie in finishes on your mortgage, you can then re-mortgage and roll the secured loan into the existing mortgage.
Bridging Loans: Many clients come to Spain and find their dream property only to say they have to wait until their UK property is sold before they can buy in Spain. Rates for Bridging loans have come right down in the UK and can go as low as below 5% . They are an ideal answer for clients in this situation. They release the funds they need (up to maximum 70% LTV) to purchase in Spain with a Bridge. As soon as the property in the UK sells the bridge is cleared.
Commercial Loans: Many of the clients that buy in Spain have their own businesses and often these companies own their own premises on a few occasions we have used commercial lending to secure a mortgage against a commercial unit to raise funds for a deposit in Spain.
- Life Protection
- Car – Yacht
- Spanish Pet Insurance
- Funeral & Repatriation Plans
- Negative Equity
- Interest Only Mortgages
- Abusive Mortgage Clauses
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FLUENT FINANCE ABROAD
Our aim is to find the most appropriate and cost effective property finance which work for the long term.
Fluent Finance Abroad have been able to secure prefered lending loan to values as well as lower than the norm interest rate.
We cater for all nationalities wishing to purchase a property in Spain and have different Spanish mortgage solutions enabling us to do so.
“Being able to communicate well with lenders and clients is essential to this business.”
Marc Elliott is the British expat and brains behind Fluent Finance Abroad, the Spanish mortgage brokers based in San Pedro de Alcántara, Marbella.
Providing clients with the most appropriate form of finance to purchase their overseas dream home.
Marc – being half Spanish – has taken to life on the Costa del Sol like the proverbial duck to water… read more
Marc Damian Elliott de Lama