Spanish banks tighten mortgage lending amid record demand. Spain sees a surge in interest for mortgage loans as banks raise borrower requirements. The housing market is shifting amidst intense competition, prompting financial institutions to revise their lending strategies.
Revolut Restricts Access to Accounts of Russians Without EU Residency. Revolut has introduced new restrictions for Russian citizens, citing the latest EU sanctions. The bank now requires proof of residence in the European Union. The measures affect clients who do not have European documentation.
Botin Dynasty Heir Marries Mexican Amazon. The heir to the Botin dynasty celebrated a lavish wedding. His bride is a renowned Mexican amazon. He has inherited an entire empire.
BBVA and Visa Launch Their Own Digital Wallet for Payments in Spain. BBVA and Visa are introducing BBVA Pay, a new digital wallet for mobile payments. This solution enables customers to make purchases without third-party services and will be the first option of its kind for Apple users in Spain.
Five Arrested in Madrid and Barcelona for 'Son in Trouble' Scam. Five suspects have been detained in Madrid and Barcelona for bank fraud using the 'son in trouble' scheme. The perpetrators posed as relatives and demanded urgent money transfers.
When Home Insurance Becomes Mandatory in Spain. In Spain, home insurance requirements depend on the way the property is purchased. If you take out a mortgage, the bank will require an insurance policy. If you buy with cash, there is no legal obligation, but having insurance is always beneficial.
Spanish Courts Review Mortgage Terms Following EU Rulings. Courts in Spain are overturning certain conditions in mortgage agreements. The focus is on the transparency of banking terms. Decisions are made with regard to European standards. The main issue is the reimbursement of overpayments.
Bank of Spain Opens Its Doors to Free Public Tours for the First Time. A unique tour program of the historic Bank of Spain building is starting in Madrid. Visitors will have the chance to see its lavish interiors and rare works of art. The tours are free of charge, but advance registration is required.
How to Identify a Spanish Bank by IBAN Number and Why It Matters. In Spain, identifying a bank by its IBAN number is straightforward. Special codes are used for this purpose, allowing financial institutions to be recognized. This article explains how the process works.
Buying Seized Property in Spain: What You Need to Know Before the Deal. Purchasing seized property in Spain can be a way to save money, but it requires careful attention. In this article, we explain how the process works, which legal nuances to consider, where to find such properties, and what risks you might encounter.
Joint Bank Accounts in Spain: What Couples and Families Should Know. In Spain, joint bank accounts often become a source of dispute during divorce or inheritance proceedings. We explain who truly owns the funds, how to properly handle documentation, and why recording the origin of funds is crucial to avoid future conflicts.
Average Mortgage Size in Spain Reaches 17-Year High. Spain has recorded a record increase in the average size of mortgage loans — the figure has surpassed 170,000 euros, marking the highest level since 2008. The trend is driven by rising property prices, increased activity from banks, and government support measures for young people. Experts note that risks for borrowers remain under control for now.
Mortgage Rates in Spain: What to Expect After the ECB Decision. In July 2025, the European Central Bank kept its key interest rate at 2%. This decision signals the start of a period of stability in Spain's mortgage market. Banks do not foresee significant changes in lending conditions, and a decrease in monthly mortgage payments is becoming increasingly unlikely.
Influential Botín clan prepares for a new wedding: grandson of the famous banker announces engagement in Cantabria. Huberto Botín, grandson of the late Santander bank chairman Emilio Botín, has announced his engagement to doctor Andreina Culebras. The event, which brought together the entire family, was held at the historic family estate of Puente San Miguel in Cantabria. The wedding is scheduled for 2026.
This Summer in Spain, Yields on Risk-Free Deposits and Accounts Have Increased. The summer of 2025 in Spain has been marked by an increase in yields on risk-free banking products. Amid high stock market indices and market instability, banks are offering attractive terms on deposits and accounts with yields of up to 3%.
Heir of Two Dynasties: In Spain, the Grandson of Legendary Golfer Severiano Ballesteros and the Niece of Banco Santander’s Chairman Is Born. Carmen Ballesteros Botín, daughter of renowned golfer Severiano Ballesteros, has become a mother for the first time. The newborn, named after his grandfather, unites two of Spain’s most influential dynasties—sporting and financial. Learn more about the legacy and the life of this young entrepreneur.
BBVA Maintains Bid for Sabadell, Awaits Regulator's Decision in Autumn. BBVA remains committed to acquiring Sabadell despite resistance and market volatility. The final decision on the deal is expected after regulatory approval in September. If successful, the merger would create Spain's second-largest bank.
