Barcelona Apartment for a Tech Executive on Secondment
€610,000 · 25 years · Euribor +0.95%. A UK national seconded to Barcelona by a global technology company needed to purchase rather than rent, as his company's relocation policy supported a mortgage contribution.
The Client
UK Expats - Primary Residence
The Challenge
A UK national seconded to Barcelona by a global technology company needed to purchase rather than rent, as his company's relocation policy supported a mortgage contribution. His income was in sterling, paid by his UK employer, but he was living and tax-resident in Spain.
Our Solution
Doulton structured a Spanish mortgage drawing on the sterling salary, with the employer's relocation mortgage allowance documented as a contribution to repayments. A Spanish lender familiar with internationally mobile professionals approved the application within three weeks.
The Outcome
Apartment purchased in the Eixample district. Employer relocation allowance covers the mortgage payment in full. Property expected to be retained as a rental investment when the secondment ends. Key highlights: Sterling income accepted for Spanish mortgage; Employer relocation allowance documented; Investment exit strategy considered at outset.