BANKINTER Spain

Mortgage Promotions has added BANKINTER Spain (the 6th largest bank in Spain) to its direct access lender panel to provide a comprehensive range of products for customers of registered users buying property in Spain.

BANKINTER, S.A., is a financial institution subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission and registered in the Official Registry of Banks and Bankers with number 30.

Although many buyers of property abroad remortgage their UK residence to finance the foreign purchase this is not always possible because there may not be sufficient equity. Funding the purchase with a foreign loan may also have other benefits which might include:

• Euro Land interest rates can be lower than those in the UK.
• It may be possible that the loan on the foreign property can used to reduce wealth tax in the foreign Country.
• It may be possible that the loan be used to offset inheritance tax in the foreign Country
• The customer has a loan in the currency of the Country where the property exists possibly eliminating currency fluctuation risks

Mortgage Promotions passes on to registered users a commission equivalent to 45% of the commitment fee.

To place business with BANKINTER registered users should complete the BANKINTER mortgage application form (downloadable from this page) and fax it to 0034 96 673 0066 (Att Pilar López-Jurado).