Here You have basic information for getting a Mortgage in Spain.

FINANCIAL CONDITIONS

• Loans up to 70 % of the valuation/purchase price (the lowest value).
• Mortgage term 25 years  (age limit 70 years)
• The variable interest is can be as low as 3,25 %  
• Mortgage opening fee 1%
• Early redemption 1% (from capital paid off).
• House/Life insurance to be contracted with the lending bank
• The mortgages conditions will depend on your incomes, debts and value of the purchase.

REQUIRED DOCUMENTS

• Passport and NIE number.
• Personal details (full address, civil status, number of children under 18, contact details, telephone and email address).
• Professional details (profession, current position, name of the company your work for, what the company does, how long, and any extra information you can provide)
• Last 3 pay slips
• Bank statements ( last 3 months that shows pay slips and mortgages payments )
• Credit report (report that shows, all mortgages and loans in your residence country)
• Latest full year official , income tax declaration, wages payslips…etc.

PROPERTY Being purchased information

• Property purchase contract.
• Land Registration property details.
• Payments receipts( Last Ibi )

All the above is given as a guide and is correct at the above date. All cases are treated individually and on there own merit. This email address is being protected from spambots. You need JavaScript enabled to view it.