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We can assist you in applying for a mortgage through a Spanish Bank, as interest rates in
Spain are currently very competitive.
The period of the loan can extend to 240 months and the amount borrowed may be up to
600 of valuation or purchase price, whichever is the lower.
Most banks offer variable interest rates from 3.25 % up to 5.50 % for the first period and
Euribor + 1.25% up to Euribor + 1.50 % for the following periods.
The penalty for early cancellation is 1% of the capital amortized.
DOCUMENTATION TO BE PRESENTED FOR MORTGAGES :
If Employed:
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- Last three payslips
- Last tax Return (P60)
- Bank Reference to include telephone, fax number, name of manager and account number
- Last three statements of your bank account
- Statement of current assets and liabilities
- Letter from employer stating length of employment & salary etc.
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If Self Employed:
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- Profit and loss accounts signed off by a Chartered Accountant
- Copy of your tax return
- Bank Reference to include telephone, fax number,name of manager and account number
- Last three statements of your bank account
- Statement of current assets and liabilities.
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