Often referred to as the Spanish Riviera and the California of Europe, Marbella property and the Golden Mile on the Costa del Sol continue to be a very popular destination for foreign buyers. With an average of 320 days of sunshine, surrounded by the warm Mediterranean Sea and the Sierra Blanca mountain range this coastal community has always been a strong market for Mortgage Direct.
Since the opening of the luxurious 5-star Marbella Club Hotel in 1954, the Golden Mile offers even the most discerning visitor their choice of exclusive beach club resorts and designer shopping by day and their choice of Michelin star rated restaurants, internationally known nightclubs and the vibrant Puerto Banus scene by night. It is not unusual to rub elbows with Marbella’s elite residents many of whom are famous actors, musicians, oil magnates and athletes from all over the world. When in search of perhaps a more traditionally Spanish experience, you simply have to visit Marbella’s Old Town which is easily accessible from the nearby exclusive areas of La Zagaleta and Benahavis. In contrast to Marbella’s allure of glitz, glam and paparazzi, La Zagaleta is a world-class haven for buyers seeking utmost security and privacy.
Despite rather strict building bylaws and being one of the areas strongly impacted by the 2008 economic crisis, Marbella and its Golden Mile are once again experiencing tremendous growth with many new developments expanding along the coastline to Estepona and beyond. Whether you are searching for an exclusive custom designed villa or an ultra-modern penthouse, we look forward to assisting you with your mortgage borrowing.
Exclusive mortgage conditions
Due to the volume of business we process in the Marbella area, we are able to offer our clients bespoke mortgage solutions with exclusive rates and conditions. Whether you are buying an investment property, holiday home or main residence, you will benefit from our level of expertise as accredited Real Estate Loan Assessors by the Bank of Spain. Since the recent legislation of new mortgage rules and regulations, now more than ever, we can ensure that as a foreign buyer, you achieve the best product for your particular needs and requirements.
Mortgage process for Marbella property buyers
Once the mortgage is approved, the process remains very local to where your new property is located. We have local representatives who know the areas inside out; we also work with local lawyers and valuation companies (all approved by the Bank of Spain) to ensure our clients receive the very best service all the way through to completion. On completion day, a representative of the local bank branch will sign the mortgage on behalf of the bank and our clients can continue to manage their everyday banking requirements locally thereafter or online.
We look forward to assisting you throughout the entire process, from start to finish, so that you can purchase your new property in Marbella