50 year mortgages now possible from Spanish banks. Young buyers can now apply for a mortgage which can last until they are 85 years old.

50 year mortgages now possible from Spanish banks. Young buyers can now apply for a mortgage which can last until they are 85 years old.
The campaign has been spearheaded by the Basque Bank BBK, which has now introduced the first mortgage in which buyers can take half a century to pay back. To qualify for this attractive offer, buyers have to be under 35 years old, and will allow them to take until they are 85 years old to pay back the mortgage.
Even though this is not a new concept with other banks offering up to 40 years, it is sure to rattle some cages in the banking World. BBK are still confident that most people will pay their mortgages before they are 80.
It is a positive step from the banking community trying to help young buyers get on the property market.
Contact us for further information.
Villas Valencia has relationships in place with all the major banks and we are happy to discuss your options and present you with a good and cost effective solution.
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