Lloyds TSB mortgages offers Spanish deal

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Lloyds TSB mortgages offers Spanish deal

Lloyds TSB has introduced a new service to help people buying property in Spain.

Own Overseas provides the mortgage finance for Spanish property as well as providing support for the buyer in dealing with local bureaucracy.

"Buying a home overseas is a very real and modern aspiration and Spain is certainly a favourite choice for Britons. Although exciting, it is a big commitment and, for many, a step into the unknown in dealing with local customs and laws," said Annette Hawes, head of Lloyds TSB's Own Overseas service.

Own Overseas will offer mortgages on Spanish properties while based in the UK. Mortgages can be taken out in either pounds or euros, on a repayment or interest only basis, over a period of five to 25 years.

Mortgage payments will be taken from the customer's UK bank, avoiding the need for overseas money transfers

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