MORTGAGE

We can assist you in applying for a mortgage here in Spain. Generally speaking banks will lend a fiscal resident up to 80% of the value of the property or the sales price, whatever is the lower value. For non-fiscal residents this figure is 70% maximum.

We have contacts with high street banks, mortgage brokers and credit institutions that can offer tailor made mortgages to suit the client´s requirements. All of which, have multi lingual staff that can make the process a lot simpler.

Paperwork required when applying for a mortgage is detailed below:-

  • Colour copy of passports
  • Copy of NIE numbers (if you already have them)
  • Full credit report
  • Last 2 years tax return
  • Bank statements (6 months) showing savings to be used for deposits, fees and taxes.
  • Proof of assets (if applicable)
  • Up to date Nota Simple on the property.

In general you can calculate a time frame of 4-6 weeks for mortgage approval and valuation. We can advise on the banks that will give the most rapid response verbally and in writing of mortgage approval.