HSBC lowers the cost of shopping for a Spanish mortgage

HSBC customers who are looking to buy a property in Spain can now take advantage of preferential terms on Spanish mortgages and banking services via HSBC’s exclusive Spanish partner, Solbank – Spain’s multilingual bank.

HSBC’s preferential mortgage and banking services in Spain

Variable mortgage interest rate at 1% above EURIBOR for the life of the loan – normally 1.25% above EURIBOR

Mortgage arrangement fee up to 1% maximum – normally 1.25%

Free credit and debit card – normally €43 per year

Free inward international cash transfers and outwards of up to €50,000

The new service is aimed specifically at UK nationals who want to buy property in Spain, the Balearics and the Canary Islands, either as a holiday home or a permanent residence.

Spain is by far the most popular location for Britons buying property overseas, over 500,000 Britons now own homes there. Low interest rates, cheap and frequent flights and the development of a range of services aimed at the large community of British expatriates have made it easier than ever to buy.

One of the problems associated with buying property abroad is the language barrier and the necessity of homeowners to open a current account compounds this issue. HSBC customers have access to staff who are bilingual in Spanish and English and who can offer guidance at every stage of the property buying process. In addition our customers also have access to English language internet and phone banking facilities and have free access to a nationwide network of ATMs.

The account we offer - The Prestige Care Account – is more than a traditional current account. It has 22 lifestyle services including professional help with translations and legal assistance; together with home related services such as recommending a plumber with a service guarantee.

HSBC exclusive partner Solbank, with its 98 branches in the most popular holiday home resorts around Spain and its islands, specialises in working with British homeowners – over 60% of its customers are from the UK. Indeed it has 12 branches in the Malaga province alone, the region which attracts a third of British home buyers.

HSBC’s Spanish mortgage and banking partnership offers:

English language banking and mortgage services.
Expertise to guide you through the home buying process.
Nationwide cash machine coverage.
Tailor-made services designed to make your time in Spain easier.
Free added value services such as in-branch internet access.