When buying a property in Mallorca you choose the Personal Property Mortgage in our variable rate mortgage option, you can take our a loan which will cover the purchase of the home that will be your usual place of residence, and in future you will have a personal loan to pay for anything you wish, from buying a car to renovating your home, plus the added advantage of lower interest rates than any other personal loan. The capital you pay off will continue to be at your disposal during a long period of time, so that you can use it for anything you wish.