The real estate platform Casavo has partnered with fourteen banks to become a mediator in obtaining mortgage loans in Spain. The aim of Casavo Hipotecas (Casavo Mortgages) is to simplify the process of obtaining home loans. With this step, the PropTech company has also rounded off its technological offering in the real estate market.

The agreement has come about after Casavo obtained a real estate credit intermediation licence from the Bank of Spain. The Italian company has thus opened up access to a wide range of financing options for its customers. It will also offer them personalised advice and an average time of only thirty days to obtain a mortgage, compared to the usual sixty days.

Brokerage service
Casavo has confirmed that the 14 financial institutions  include the names Santander, Sabadell, Unicaja, Bankinter, Evo Banco, Uci, Targobank and Abanca. The mortgage intermediation service works with them to negotiate credit conditions on behalf of its clients, adapted to their particular needs.

Casavo Hipotecas is committed to guaranteeing the best conditions available on the market. As an example, it offers a mixed mortgage with a five-year fixed rate at 1.55%, followed by a variable Euribor rate plus 0.60%. Moreover, by handling the necessary documentation directly, its mediation helps to shorten the mortgage application process.

Strategic partnerships
Casavo's General Manager for Southern Europe, Francisco Sierra (pictured), explained, “We are excited about the potential offered by these strategic partnerships with well-known banks in Spain. Our main aim is to make the process of buying and selling a property as simple and transparent as possible for all our clients.”

In Sierra's words, with the creation of Casavo Hipotecas “we are paving the way for a personalised and hassle-free mortgage experience, ensuring that every step of the process, from application to approval, is backed by the professionalism and excellence that our partnerships with these financial institutions represent”.

^{Photo: Casavo}