All The Information About Getting a Spanish Mortgage
WHAT DO I NEED TO GET A MORTGAGE IN SPAIN..?
What documents will you need?
In general the documentation you need to present to the bank is straight forward.
The following documentation is mandatory for a mortgage application:
- Residencia ( if you require above 70% mortgage)
- N.I.E. certificate
- X3 Latest payslips
- Copy of Latest P60
- Copy of Passport photograph
In the case of a self certification mortgage no proof of income is required, however bank statements may be requested.
MORTGAGE COSTS
Monthly costs
We will give you a full breakdown of the total costs of your mortgage and taxes to be paid, which include the following:
- Valuation costs (including I.V.A.)
- Registry Fee
• FEES FOR BUYING YOUR PROPERTY
- Notary Public
- Registry Fee
- Agency Fee
- Taxes (including I.V.A.)
• FEES FOR YOUR MORTGAGE
- Bank Arrangement Fee
- Notary Fees
- Mortgage Register
- Agency Fee
- Mortgage Tax
By costing out the above for you, you will be able to budget your total costs.
No unwelcome costs or surprises when buying your home..!
WHAT'S ON OFFER..?
More than you think..!
There's a lot more choice and types of mortgages available in Spain. Here are examples of the types of mortgages we can help arrange for you:
• RE-PAYMENT MORTGAGE 70%
- Available to non-residents
- Lending up to 70% of property value
• RE-PAYMENT MORTGAGE 80%
- Available to residents
- Lending up to 80% of property value
• EQUITY RELEASE MORTGAGES
- Release up to 65% of your properties equity with an interest only provision available
• INTEREST ONLY MORTGAGE
- Lower cost monthly payments
• SELF CERTIFICATION MORTGAGES
- Up to 50% of the property value
- Maximum amount possible to lend 250,000 euros
* All mortgage rates are based on the European Bank rate (euribor) plus a % interest rate set by the lender dependant on mortgage type
