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» Mortgages
» Tax considerations » Spanish Glossary » Currency converter » Legal advice » Spanish bank account » The Spanish notario » Commercial Mortgages Financial matters and in particular, mortgages, can be very daunting things to deal with, especially if you do not feel that you are fully informed on the subject. Within these pages here, we hope to be able to provide sufficient information about Mortgages to help you understand the process inside out, whether you are looking to apply for your first mortgage, looking to transfer your mortgage to a new lender or maybe purchase a second property with a mortgage. On this site we are aiming to provide a straightforward independent guide to mortgages where any technical terms will be explained thoroughly to ensure the information is easy to read and understand. First of all, to start with the basics, we would like to explain exactly what a mortgage is: - A mortgage is a loan secured against your home. "Secured" means that if you do not keep up the repayments, the lender can sell your house to get their money back. The Financial Services Authority (FSA) is an independent regulator set up by the government to monitor the Financial Services Industry and protect consumers. From 31st October 2004, the Financial Services Authority has regulated the majority of mortgages sold meaning that the mortgage lenders now have to meet certain standards set by the Financial Services Authority. These standards include:
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