Financial North

International Mortgage Brokers for Overseas residential or commercial property in different countries, we offer you our services and years of experience in arranging this type of mortgage facility. Our deep knowledge and contacts in the European banking industry, allow us to search for the best option within the characteristics of each client.

23 Jan 2018


Case study: Italian cash buyers use international finance offered by Financial North to increase their purchase power & to optimise their Spanish Wealth Tax 

The €2.8M finance facility allowed these buyers to increase their budget from €2.5M to a €4M which resulted in a villa purchase in Es Cubells, Ibiza.

The mortgage also keeps their net assets in Spain down to a minimum in order to optimise their Spanish Wealth Tax, that would kick in would be reached fairly soon without careful planning. The estimated tax savings would be €36,546 per year for the next 5 years.

Additionally, they were planning other investments in their own business in the near future and by leveraging their property acquisition in Ibiza, they did not have to take more expensive finance back in their home country. The clients opted for a variable interest route at Euribor + 1.25% for 20 years.

With Spanish mortgage rates so low and for the optimisation of the Spanish Wealth Tax, even those with enough cash to be able to buy outright are using finance to purchase their properties.

By offering finance, it resulted in a much higher sale for the estate agent but also on tax and finance efficient solution for the satisfied customers.

Please do not hesitate to contact us if you have a case you would like to discuss or introduce.

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