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Banco Sabadell And Look & Find Nail Down a Deal on Financing Home Purchases

23/07/2014 – El Confidencial

Banco Sabadell and real estate agency Look & Find have signed a cooperation agreement which will allow offering home purchase financing in all offices of the realtor across Spain.

Alberto Maté Inclán representing Banco Sabadell in Madrid and David Moya Benedicto, CEO for Look & Find, (both pictured) set that the companies will from now on collaborate on document processing and mortgage loan underwriting. Sabadell promised the best credit conditions for clients seeking buying help in any of the 70 offices of the property company.

For the bank, the agreement “gives an opportunity to boost lending for individuals and professionals”. The entity also positively valuates the cooperation with such a sort of expert on the market as Look & Find.

In response, Moya Benedicto assures the collaboration “will bring great synergies for both parties”.

Present situation on the market displays an average depreciation of homes standing at 35% accumulated since 2006. Together with turn in tendency, Spanish property attracts again both families and investors.

As per a recent survey carried out through website www.lookandfind.es, 42% of the respondents thinks the year 2014 is the new beginning for economic recovery.

Latent demand which developed thanks to general improvement in the country starts to let know about its existence through growing interest in a home purchase. Most of the customers are eligible for the financing. Therefore, Sabadell and Look & Find decided to facilitate them the acquisition process.

 

Original article: El Confidencial (by E. C.)

Translation: AURA REE