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spanish mortgage

Spanish mortgage
#1
Hi to all

Anyone any recent experience of taking a Spanish mortgage for a property purchase on the Island?
When i looked 12 months back  to finance on Pueblo Majorero the rates were competitive but the fees (legal, taxes etc) were adding near on 5,000 euros. 
I understand that since then some law changes may have been introduced to cut the fees though i guess the rates will increase to compensate.
Given the £ to E rate at present it may make sense to hedge rather than take a poor exchange rate for the balance.
I had two brokers make an offer last year both with similar rates but differing broker fees.
Not looking for financial advice as such just but would be grateful for anyone that has gone through the process to comment etc.
Thanks.
2 users say Thank You to Jason W for this post
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