www.hipotecas.com are offering a mortgage for EU residents with an option of 15 years interest only payments (max. 50% loan to value). They are also offering progressive or fixed monthly instalments during the first three or five years. This could be interesting for those just arriving in Spain who do not want any massive hikes in interest rates while they find their feet.
NB: As the rates have experienced such a large increase in the last three years in Spain, it is unlikely (hopefully!) that they will continue to increase at the same rate over the next three years. Therefore you should confirm what charges you will incur if you want to change the fixed rate option should the interest rates fall.
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