Banco Halifax offer euro mortgages secured against the Spanish property. Loans of up to 60% of the value of the property are offered at 3.014% whilst loans to a maximum of 70% are available at 3.264%.
Commenting on the reduction in interest rates, Ian Smith, Head of European Operations at Halifax, said:
“This is excellent news for those customers thinking of buying a holiday home in Spain and who have a preference of raising the funds in euros. The demand from UK customers for property in Spain, particularly in the popular ex-patriate areas in the Costa Blanca, Costa Calida and Costa del Sol continues to be high." he added.
