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Loan amount
It is possible to borrow up to 80% of the value of the property and the loan term can stretch over up to 30 years.
The value of the property is determined in cooperation with a local valuation expert appointed by Nykredit. The costs of this appraisal is deducted from the revenue of the mortgage loan granted by Nykredit. The amount varies with the type of property.
The minimum loan amount is EUR 67,000 (approx. DKK 500,000).
Loan types
All Nykredit mortgage loans are based on Danish mortgage bonds traded on the Copenhagen Stock Exchange. The loans are euro denominated bond loans with annuity payments. You can choose between mortgage loans with:
All loan types are offered as interest-only with no required payments for the initial 10 years.
Expenses in connection with raising a mortgage loan in Spain
The following expenses are connected with raising a mortgage loan in Spain:
In addition, you must expect registration costs for the notary and the Land Registry.
It is important to insure your house - also in Spain
It is important to have insurance for your house. Nykredit can help you find an appropriate insurance company/agent, who can offer insurance according to your needs.
Nykredit prepares you for the process of buying a home in Spain
Our International advisors will give you an overview of your options and help you organise your financing, savings and investments - and thereby make you well prepared for the move to Spain.
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