BoI Links with Spanish Bank on Property
February 7th, 2006
Bank of Ireland has teamed up with Spanish bank La Caixa to offer mortgage products for Irish people buying property in Spain. La Caixa is Spain’s third largest bank, with 4,800 branches.
Under the agreement, customers can borrow directly from the Spanish bank, with the mortgage secured on the Spanish property. They can borrow up to 75% of the value of a property up to 500,000 Euros and 60% above that value. La Caixa will ensure that all dealings will be in English, though the bank will take an ‘arrangement fee’ of 1%.
Bank of Ireland customers can also apply for a La Caixa mortgage and fund the remainder of the purchase price through an equity release mortgage with Bank of Ireland.
story from RTE Business
Related Posts
Tags
Leave your comments about this article
