Switch for free to Banco Halifax Hispania

Banco Halifax Hispania has launched a new 'switch and save' campaign, which will enable British expatriates with property in Spain to transfer their mortgage to Banco Halifax Hispania without paying any switching costs.

Banco Halifax Hispania will meet the customer's transfer costs, which will include associated legal fees, notary fees, valuation fee, arrangement fees and registration fees. Banco Halifax Hispania will also pay 0.5% towards any early repayment fee charged by the existing lender.

With a clear understanding of the Spanish market and British culture, Banco Halifax Hispania is able to provide the flexibility of mortgage products that matches the needs of Britons buying abroad. Fixed, variable rate and one year tracker repayment and interest only mortgages are available in euros at a maximum loan to value of 70% of the property, across different terms.

Repayment variable rate mortgages are available from 4.864%, one year trackers from 5.094% and fixed rate mortgages across two three, four and five year terms at 5.10%. Banco Halifax Hispania also provides free telegraphic transfers between Halifax and Bank of Scotland current accounts to accounts with Banco Halifax Hispania.

All dealings between Banco Halifax Hispania and its customers can be carried out in English. Banco Halifax Hispania also has an approved panel of qualified solicitors and surveyors in the popular Costa del Sol and Costa Blanca regions that can help with all aspects of the transfer. These solicitors and surveyors are English speaking and have local knowledge and experience of acting for British customers.

Ian Smith, head of European Operations at Halifax plc, said: "Our mortgage products are designed with British residents in mind. We certainly understand the type of mortgage products that British customers require, based on our vast experience in the UK and our knowledge of British attitudes and culture."