If you want to raise capital against your property in the UK, you will find that most UK lenders will allow up to 95% of the value as equity release. These funds can be used to place a deposit or purchase on an overseas property.

As security, a UK bank will take your UK property but not your Spanish one. This can be a disadvantage for some who wish to keep their assets and liabilities in the UK separate from those in Spain.

There are now many banks in Spain that have fixed rate products too. Fixed rate payments are a great way of enjoying certainty throughout the fixed rate period. Fixed rate loans are usually very popular with UK residents who want to know payments in advance.