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Halifax reduces rates on Spanish property

Article Date : Tuesday, June 14, 2005       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Banco Halifax Hispania (BHH), the Spanish arm of Halifax plc, has reduced its mortgage rates with immediate effect.

Mortgage rates of 3.265% for loans up to 60 per cent and 3.515% per cent for loans up to 70 per cent of the value of the property are now available.

This comes as good news for those people dreaming of sunnier climes. A growing number of Brits are moving permanently to Spain to escape the British weather, whilst others are buying a second home to spend a greater part of the year there.

Commenting on the latest reduction in interest rates, Ian Smith, Head of European Operations said, “We are continuing to see low levels of interest rates in Spain which makes it an excellent time to finance that dream home in the sun. As we move into generally what is a busy house buying period, this latest reduction in interest rates makes that overseas property even more affordable".
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