View more on these topics

Mortgage rate cut for UK residents buying in Spain

Halifax has cut the cost of buying a property in Spain following the decision to reduce mortgage interest rates at its Spanish subsidiary Banco Halifax Hispania.

Loans for up to 60 per cent of the property value are now available at 3.705 per cent and at 3.955 per cent up to 70 per cent loan to value.

In addition to offering mortgages for the increasing number of UK residents looking to move to Spain or buy a holiday home, BHH also offers a range of support services to help buyers through the process.

As well detailing information about a specific property from the Spanish General Land Registry, the bank can arrange assistance with conveyancing by putting people in touch with its approved panel of solicitors.

Halifax&#39s Spanish subsidiary has branches in Madrid, Barcelona, Malaga and Seville.

Banco Halifax Hispania head of operations (Europe) Ian Smith says: “The historically low levels in interest rates in Spain make it an excellent time to buy a home in the sun. An English-speaking helpline in the UK is available to help customers understand the Spanish house buying process as well as explaining the financial options available to them.


Transact adds offshore bond to range

Wrap provider Transact is adding an offshore bond facility to its wealth management wrapper range that already covers Peps, Isas and pensions. The offshore bond wrap gives investors the benefits of the Isle of Man tax regime for life products. Annual charges are 0.2 per cent to 0.6 per cent depending on portfolio size.

Clerical Medical International – Growth Lock-in Fund

Monday, 10 March 2003 Type: Capital guaranteed fund Aim: Sterling &#45 growth linked to FTSE 100 and JPMorgan UK government bond indices, Euros &#45 growth linked to Dow Jones Eurostoxx 50 and JPMorgan Eurozone government bond indices, US dollars &#45 growth linked to S&P 500 and JPMorgan US government bond indices Minimum investment: £15,000, Euros […]

No place for secrecy

A refusal by a UK insurance company to release figures to the public at large on the performance of endowment policies should not be taken lightly.Any insurer doing so is putting up its hands and claiming membership of a club that doesn&#39t believe in transparency but in secrecy instead.The insurer or insurers concerned may plead […]

GMAC-RFC outsources to HLM

GMAC-RFC is cutting up to 130 jobs among its 700 employees in the UK as a result of a deal to outsource post-completion activities to third-party servicing company, Home Loan Management. It says some of those facing redundancy will be able to take up new posts at HML. GMAC-RFC says this partnership with HML will […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm