At Thornton & Steeden we ensure that we have partnered up with the very best in the business, whether looking for mortgages, legal advice, foreign exchange or removals we have it covered for our clients. Below is a news flash from our mortgage provider, please visit https://www.thorntonsteeden.co.uk/mortgage-in-spain-calculator to learn more.
Breaking News – we have the Spanish licence!
We are proud to announce that Mortgage Direct has been granted the new regulatory Spanish licence. Not only have our mortgage advisers passed the Accredited Real Estate Loan Assessors exams, we have now been awarded the licence meaning we were fully compliant by the 15th July 2020 deadline.
The Bank of Spain’s list of those who are now licenced shows that we are one of just a few international brokers in the whole of Spain to have achieved this.
What does this mean to you?
If you work with a mortgage broker who does not have the licence, they can only introduce clients to a bank. They cannot give advice and more importantly, they cannot receive any evaluation/comments from the bank during the mortgage process.
We recently met an agent who was collaborating with a broker on this basis and they said the introduction of one of their clients had been disastrous. They didn’t know if the mortgage had been approved or if the valuation had been instructed. If it had been carried out, was it suitable and when (if applicable) could the client complete? The agent – and hence the client - received no feedback whatsoever.
If you want your clients to get professional advice, be protected by the new law and save thousands of euros, please contact us and one of our Mortgage Advisers will be in touch to get you the very best mortgage conditions in the market.
Mortgages during July & August
As mentioned in our last newsletter, the banks and underwriters are still working during July and August. Their speed of service may be slower than usual due to reduced staffing levels but we’re pleased to confirm at Mortgage Direct, it’s business as usual and there will be no slow down from our side.