MORTGAGES & LEGAL

We have a professional relationship with many of the Spanish banks who we would recommend clients looking for a mortgage. Normally the interest rate is quite low in Spain and you have the choice of Capital Repayment or Interest Only.

If you were requesting a mortgage the following documentation would be required:  Banks will normally only allow 60/70 per cent to non residents.

• Passport
• I.E. (Fiscal identification number in Spain)
• Employment Details
• Income tax purpose (p-60)
• 3 last wage sheets (pension sheets)
• Bank A/C statement from the last 3 months
• Credit Bureau report
• Self-Employed Applicant
• Activity/profession/business
• Inland Revenue Full tax return for the year ended 5th April (current year)
• Chartered accountants report last 2 years (balance sheet, profit and loss accounts)
• Last 3 months Bank Account statement
• Credit Bureau report

If it is a resale property: Property description (title deed).

If it is a new property: Copy of the private contract with the builder.