Gestión Inmobiliaria en Valencia

- My perspective on Spanish mortgages and Covid-19- Author : Simon Staples from Mortgage Direct -


There is no doubt that these times are very worrying for millions of people around the world, but as I write this update today it is really uplifting to know having spoken to numerous potential buyers over the past 2 weeks that the spare downtime that some have available is being used positively and constructively with regards to re-evaluating (and re-enforcing) their plans, lifestyles and dreams for owning a property in sunny Spain sometime soon.

Many buyers I have spoken with have also expressed surprise that we as a brokerage and the Spanish banks are working to a “business as usual” policy during this extraordinary time – which in itself gives enormous reassurance that people are on hand to facilitate these future aspirations. For example, just last week I successfully submitted an application for one of my clients to one of the main banks on Friday 20th March, and the approval subject to valuation was received back on Wednesday 25th March – an amazing turnaround time especially by Spanish standards! The client was over the moon and didn’t think this was possible. What this tells us is that we and the banks are still able to work professionally and quickly to assist with the initial stages of the buying process here.

Encouraging news from Spanish lenders

One of the big lenders today sent us a news bulletin with the following:

• Most Notary offices are still open for business as usual and signing mortgages where all parties can attend and are willing to continue (with obligatory, masks, gloves and own pen!)
• Yesterday our valuers also confirmed that they are continuing to attend valuations (there was some confusion on Monday). So as long as the key holder agrees, we can progress as normal.

This hopefully gives confidence that we can continue to operate as normal as possible. Business as usual from this end.

Returning to Spain with a mortgage offer in hand

Further feedback I have received from clients has included people that have been saving up for many years previously, and feeling aghast that at this last moment this problem has caused them to perhaps re-think. That is absolutely natural of course, but I always hear clients telling me that “we will return at some point” - and it does seem that the hunger and desire to seek a new lifestyle after the doom and gloom won’t be diminished forever.

Myself and the amazing team we have here at Mortgage Direct are very well positioned to continue to help our clients start the preparation work for financing the dream again right now. Why wait?

Three reasons why you should start your property buying process right now :


This is vital to do in advance of physically going to look at a property for various reasons, firstly, when the travel restrictions are lifted (and they will be), and life returns to normality we expect from what our collaborators such as estate agents are telling us, that there will be a rush of buyers flooding the market once again. Various agents have told me recently that they have a pipeline of buyers ready to come over to Spain at a moments notice as soon as they are allowed to. If you are one of these people then you could very well be competing for the same property with other buyers. What we know from feedback is that vendors and agents are hugely more receptive to those clients that have taken the time to organise their mortgage finance upfront and have proof to show. It gives you a significant advantage over somebody that just assumes they will be alright
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Secondly, it saves you as a buyer so much stress and time. When you arrive in Spain you want your focus to be solely on the property and location of your dreams. The last thing you want to be doing whilst here is rushing around trying to secure finance to prove to the agent or buyer that your offer is sound. The paperwork and proofs that the banks ask for can be extensive, and of course if you are in Spain it can be a logistical nightmare, and very time consuming trying to back pedal and organise this from your home country. We know from experience, clients that have approached a bank directly never hear back on this for weeks, and by which time they have lost the property that was their number one choice.

Thirdly, of course an initial approval provides you with a clearer understanding of your repayments and costs, as this is usually fully explained and broken down when the document is ready to be issued by the bank. Our job is to help you understand these terms and answer any questions or issues you may have resulting from this. At this stage you should have the reassurance that you are on the right track with your finances and everything remains affordable.

Rest assured, that initial approvals in Spain are usually valid for 2 to 3 months generally, but they are very easy to renew with our assistance. Mortgage Direct has privileged access to our banking contacts and our ability to always review the best terms and conditions in the market ensures that we save our clients stress, time, and of course money!

There is so much to be positive about and I am sure that owning a property in sunny Spain still awaits them, and myself and the team at Mortgage Direct look very much forward to helping you all right away!

The apartment is on the 4th floor - a beautiful home with a very personal touch. This 110m2, “L-shaped” property, oriented to the cool North East, has been completely renovated. The space is cleverly used, with a spacious ultra-modern lounge at the front and a comfortable living room at the rear, divided by two double bedrooms.

The property´s front door has a double lock. The first thing that strikes you is the care given to restoring the original oak parquet floor, plus the designer furniture and lighting in the lounge. This room has three balconies, two of which make it very light, bright and airy.

The master bedroom, with ample cupboard space, has a balcony with a cast iron balcony, located opposite the second bedroom. An arched door divides this part of the house from living room, dining area, all-electric American kitchen and bathroom. The whole is bathed in natural light from several windows and two French windows, one of which leads on to a further balcony.

The huge double sofa-bed in this living room can be used for lounging to watch the giant TV or to accommodate a third couple to sleep; the flat sleeps 6 people in total. The property has gas central heating throughout and an air-conditioning unit for the living room, dining area and kitchen.

The property has no lift but that does not detract from the charm of this old building. Right outside the flat is a bike lane which connects to the Turia Gardens within 2 minutes and the Torres de Serrano within 5. A 5 minute walk leads to the historic Torres de Quart and thence to the famous Barrio del Carmen, and just across the river is the main branch of the Corte Ingles store and the Nuevo Centro Shopping Mall, hosting shops, cinemas and restaurants.

There are good transport links with several busses along the Gran Vía, and the nearby Angel Guimerá metro station where Lines 1, 3 and 5 intersect, giving direct links to both the beach and Manises Airport. Parking, at only Eu. 90 per month, is available three blocks away, by arrangement.

Great apartment in Rusafa located in a quiet street.

One bedroom with a studio that can easily be converted into a second bedroom. One bathroom, air condtioning , central heating , high speed internet. The kitchen leads to the interior patio as shown in the pictures. There is also a small terrace in the front. Large wardrobes. . Lift / elevator ; parking space too and a doorman / porter.

Russafa is the trendiest spot in town.