It is not difficult to get a mortgage for conventional properties in Spain . However, because cave houses are not known to many mortgage companies it has proved a little difficult in the past to find companies willing to provide a mortgage for a cave home.
The essential difficulty with finding a mortgage for a cave house (this also applies to any other type of property) is that before any mortgage company will even consider lending they will want to be certain that the property has been registered in the Land Registry (Registro de La Propiedad ) for a minimum period of two years. Many rural properties, particularly cave houses were never registered in the Land registry and so mortgages for these are not available.
If the property is suitably registered, then mortgages are available. The Caja Rural bank will provide mortgages to clients who have proof of income etc.
www.vivacosta.com have, in the past, arranged mortgages for cave homes. The ease with which you can get your mortgage depends on your personal circumstances, particularly your earnings record.
A list of organisations that may be able to help are:
Name | Website | Telephone |
Viva Costa | Contact Ros Martlew on 0034 952 352 198 | |
Conti Financial Services | 01273 772811 | |
Halifax | 01422 333868 | |
Lloyds TSB | Manuel Jimenez 0034 91 5209980 | |
Mortgages in Spain | 0800 0277057 | |
Mortgage 4 Spain | 0800 0277057 |
