One of the main difficulties I encountered when I arrived in Spain was speaking to banks. And when I say speaking I mean exactly that, as there was a lack of fluid communication. This is because Spain is not a leading country where languages are concerned (it may be elsewhere but not with languages).
However, and despite the statistics, the younger generation are making greater progress in this respect, meaning that anyone arriving in Spain now will face a much better situation than the one I was confronted with. Returning to the banking theme, if I had to recommend a specific bank it would be CaixaBank-HolaBank, given that this bank has made the most effort to provide services in other languages (be they English, German or French).
Furthermore, if you are intending on moving to Spain for the long term, rather than a short stay, the best idea is undoubtedly to buy somewhere to live, as there has been a sharp increase in rents over recent years. For this reason, one of the best options available on the market is a CaixaBank fixed rate mortgage.
Why choose a CaixaBank fixed rate mortgage?
First of all, I believe that when it comes to the complexity and substantial sums of money involved in a mortgage, doing things in your own language is best. I don’t think anybody would take the risk of signing a 200 or 300,000-euro contract in another language.
However, the advantages are not just linguistic but also concern the credit itself. A fixed rate mortgage is the best option as we are currently seeing the lowest interest rates for the last 30 years.
So, not only will you save money, but you’ll also be able to make better and more secure plans.
The advantages for planning boil down to the fact that you will always pay the same amount, therefore interest rate fluctuations will not affect you. This is the precise beauty of a fixed rate. For this reason, you will not have to deal with changes to what you pay from one month to the next. A fixed base provides the best foundations for planning. It is also important to point out that all services are available when it comes to accepting documents in a language other than Spanish, meaning that you will not be required to have anything translated before submitting it. This, at least, was one of the things I valued the most.
Is buying a home in Spain a good idea?
In contrast to the rest of this post, in this section I will concentrate on the advantages of living in Spain in 2018. Spain is the perfect place to live, providing an enviable quality of life. This is true for a number of reasons, which include the climate, cuisine, the people and the safety of living in a European country with a low crime rate.
For all of these reasons, and, above all, because it is a very liberal country where foreigners are welcomed with open arms, Spain is one of the best places to live in the world.