Financing for second homes

Financing for second homes on the Costa Blanca tends to be somewhat stricter:

• Financing between 60% and 70% of the appraised value, depending on the bank.
• Slightly higher interest rates and shorter terms than for first residences (no more than 25 years).
• The buyer’s creditworthiness and income stability are evaluated in greater detail.
  Some banks may request additional collateral or supplementary guarantees.