Do I Need a Spanish Mortgage to Buy a Spanish Property?
No, it is possible to buy a Spanish property buy paying cash or by releasing equity on a property in your home country.
Can I Get a Spanish Mortgage?
Getting a Spanish mortgage is not as easy as it once used to be, but with the right paperwork and our experience in the Spanish mortgage martket we are confident that we can get you a positive decision. It is important to note that the Spanish banks now require UK/Irish credit reference checks in many cases.
What Documents Do I Need To Supply?
Please download our list of required documents for a Spanish mortgage here
What Spanish Mortgage Options are Available to Me?
We can offer "interest only" and "repayment" options on variable rate mortgages. Fixed rate mortgages are generally only available to Spanish residents. We can use our negotiating skills to get you more favourable conditions than would normally be offered to foreign mortgage applicants.
When Do I Need to Apply for a Spanish Mortgage?
It is best to apply at least 2 months prior to the signing date. We can of course push through a mortgage in a shorter timespan but please apply as early as possible to allow us time to find the best possible option for you.
What Will A Spanish Mortgage Cost Me?
We do not charge you anything for the work we do on your behalf.The bank will charge an arrangement fee which may vary from 0.75% to 2.5% of the purchase price of your property. You will also have to pay Stamp Duty, a Land Registry fee and a Notary fee on your property purchase.
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| Notary and Land Registry Fees | 780 | ||
| Stamp Duty | 3,600 | ||
| Gestoria | 204 | ||
| Arrangement Fee | 2,000 | ||
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Do I Need Life Insurance?
Life insurance is not a legal requirement in Spain but it is advisable. We can provide a competitive quotation for this upon request.
I've Tried to Get a Spanish Mortgage But Have Been Turned Down - Can You Help?
Every week we take on clients that have been turned down for a Spanish mortgage by other lenders and brokers. Please don't lose heart! We arrange many mortgages for people that have struggled to get a quotation elsewhere. Complete our application today and let one of our friendly mortgage advisers find you the best deal available.