Phone+34 965 329 314
E-mailinfo@wenchekm.com
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Phone +34 965 329 314

E-mail info@wenchekm.com

Address Calle Panticosa 2. C.C Via Park 3, Los Altos 03189 Orihuela Costa. Alicante Monday - Friday, 10:00 - 17:00

Getting a Mortgage in Spain Getting a Mortgage in Spain

Information Getting a Mortgage in Spain

Getting a Mortgage in Spain

You will need to deposit in your bank account sufficient funds to cover the valuation which is approximately 400€. The valuation will be carried out by an independent valuer appointed by the bank.

Once you have a mortgage granted, the bank will explain in full any extra costs, fees and taxes involved with taking the mortgage. This will vary from bank to bank.

Wenche K&MGetting a Mortgage in Spain

It is possible to apply for a mortgage in order to help you purchase your property in Spain. The loan amount available from the banks at the minute is approximately 60%-70% of the purchase price of the property or the bank valuation, whichever is lower (this can vary from bank to bank). This percentage is before any fees and taxes etc You will need the following documentation along with an application form in order to apply for the mortgage.

Employed

  • Experian Credit Report
  • Passport
  • Tax ID Number
  • Last P60
  • Last three months wage slips
  • Letter from your employer stating your start date with the company, position held within the company and current salary plus bonuses. Proof of any other income (private pensions etc.)
  • Bank Statements

Self Employed

  • Experian Credit Report
  • Passport
  • Tax ID Number
  • Last two years self assessments
  • Last two years profit and loss accounts and proof of any other income
Getting a Mortgage in Spain
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