The lender announced its decision to withdraw these mortgages as part of a group-wide review of expat mortgage products. The products, including the popular buy-to-let range offered by BM Solutions, will be made unavailable from today.
According to recent data published by the Spanish Mortgage Association (AHE), mortgages are now 40% cheaper than four years ago when the Euribor reached the highest level in its history (above 5%), with an average mortgage now costing 3,420 euros less.