Recent content by LongGate

I disagree that a thin reserve is automatically a reason to walk. Sometimes it is simply reflected in the purchase price, provided the building’s problem is understood and the owners can fund it. I’d calculate your share using the highest credible scope currently documented, add room for...

€828,000 is the purchase price, not the loan balance—good distinction. I’ll ask each lender to rerun its illustration using the same borrowing amount and LTV rather than comparing headline examples. I’ll also request the fee breakdown and early-repayment wording in writing. For affordability...

4.85% fixed for 20 years is the offer I now have for a Madrid purchase priced at about €828,000. It looked more attractive at first glance, but the fees and the applicable LTV band make the headline figure a poor guide. How are people comparing similar Spanish loans in practice? I could use...