Lionsgate Capital is the leading mortgage expert in the Balearic Islands, and the team is led by Juanita Casanas. Before co-founding Lionsgate Capital, Juanita was the Director of a top financial institution in Mallorca. Lionsgate Capital was founded in 2016 and its head office is in the heart of Palma de Mallorca where Juanita and her team assist high-net-worth clients buying properties in Spain, especially the Balearics.
“Thanks to our professionalism, know-how and extensive network, we have become a benchmark in the Balearic Islands and mainland Spain for property buyers,” explains Juanita.
What should buyers consider when purchasing a property in Mallorca?
When purchasing a property in Mallorca, it is essential you understand the differences between Spain and your country of residence. You must have all the correct information to invest intelligently and maximise your return on investment. Whether you buy a property with your own funds or with a mortgage is not always an easy decision. One of the biggest mistakes people make when purchasing a property in Spain is not knowing about the advantages of financing versus buying cash.
Why should non-residents consider a mortgage for their Mallorcan property?
If you have the funds to buy the house, it does not always make sense to tie up your capital. The main reasons every buyer should consider a mortgage are to reduce wealth tax and maintain liquidity to diversify and invest in other areas with higher returns.
What tax benefits do mortgages have in the Balearics?
The main benefits are the Wealth Tax and Inheritance Tax deductions. When you purchase a property in the Balearics for more than 700.000 euros, you must pay Wealth Tax. The Wealth Tax in the Balearics is on a scale that can be as high as 3.45% per annum on high-end properties. When you purchase a property with a mortgage, the mortgage is deductible for tax purposes and taxes are only payable on the net amount.
Why contact Lionsgate Capital for the best mortgage instead of the banks?
You will always receive the best conditions. You will also obtain valuable information on how the process works and on all the different options to help you make the best purchasing decision. Lionsgate Capital is one contact for all banks. Our mortgage advisors are impartial and will always ensure the best mortgage is obtained to suit your needs and circumstances. Every bank is different and a small difference in the interest rate can make a big difference over the years. Therefore, it is very important that you are matched with the bank that offers you the best terms and conditions for your purchase.
What makes Lionsgate Capital unique?
We are an independent firm of mortgage brokers based in Mallorca, specialised in helping high-net-worth and ultra-high-net-worth individuals interested in purchasing properties between 1M€ and 30M€. Our team has over 50 years of joint banking experience and when choosing Lionsgate Capital, the professional team of mortgage brokers will help you save time, effort, and money. If you are considering buying a property in Mallorca, contact us for a free initial consultation.
Tel: +34 971 100 637
