MORTGAGES
 
Spanish Property Mortgages
 
Obtaining a mortgage in Spain is a painless process which many of our clients have pleasantly discovered.
 
The mortgages available in Spain are similar as in the UK, Banks supply all mortgage documentation in English and offer a tailor-made service for overseas borrowers and most institutions currently lend up to 60% of the property value and up to 100% for surplus new development stock which the banks may have. At present these developments are also on average 40% cheaper than their release price.
 
Many new properties already have a competitive 'ready made' 110% mortgage service as part of their offer which simplifies the service even more.
 
What Is Required To Obtain A Mortgage In Spain?
 
If Employed
Last three payslips
Last Tax Returns (P60)
Bank Reference or details of your Bank for reference purposes.
Last three bank statements.
Letter from employer stating length of employment & salary.
An Experian Credit Report.
 
If Self Employed
Last 3 years accounts from your Chartered Accountant.
Copy of your last return.
Bank Reference or details of your Bank for reference purposes.
Last three bank statements.
An Experian Credit Report.
 
Don't Forget
If you're buying a holiday home, renting it out when you're not there could generate sufficient rental income to partially or totally cover all your mortgage payments and even return you a profit.