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Can a Mortgaged House Be Sold in Spain - Can a Mortgaged House Be Sold in Spain?

Knowing if it's possible to sell a mortgaged house is a common question among homeowners. Firstly, we confirm that, in Spain, it is doable and not too complicated, and there are several ways to achieve it.

We must consider that most mortgages last a minimum of 20 years. Therefore, it is usual to purchase and sell mortgaged properties. Sometimes, it is even easier to sell a home with a mortgage since buyers see it as an opportunity to buy at a lower price.

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100 Mortgages What They Are and What to Take Into Account If You Want to Buy Without Savings - 100% Mortgages: What They Are and What to Take Into Account If You Want to Buy Without Savings

Financing is one of the fundamental aspects when buying a home. Generally, banks offer mortgage loans that cover up to 80% of the property value, which requires savings to cover the remaining 20%. When you do not have that cushion, it is possible to obtain a 100% mortgage, but the requirements are much higher.

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2022 Mortgage Aid Measures To Ease Payments and Eligibility Criteria - 2022 Mortgage Aid: Measures To Ease Payments and Eligibility Criteria

The unstoppable rise of Euribor has put many families with variable-interest mortgage loans against the ropes. The reference index has gone from negative to close to 3% in a few months. To avoid the burden this entails for the most vulnerable families, the Government of Spain has approved a package of mortgage aid.

These measures, which will benefit close to a million households according to official forecasts, will come into force at the beginning of 2023. Although these actions were agreed with the banks, it is up to them to adhere to the so-called Code of Good Practice.

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