Consumer Mortgage
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Advisory
Use our loan calculator to see how much you can borrow and contact us, we get in touch within 24 hours about the best way forward based on your individual needs.
We will provide you will information about the documents and requirements to get your mortgage application rolling and all the advice you need related to your property purchase.
If you want to chat with us in person, we have an office in Marbella that you can always drop by!
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Application
When all documents are provided and in order, we take the application to the banks and handle all communication and negotiation to find you the optimal rate.
If your documentation needs to be translated, our in-house translators manages translations from any language to Spanish.
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Sign and seal!
Once your mortgage is approved, the contract of sale and deed are signed before a notary.
Using our wide network of contacts we are very happy to introduce you to other professionals that you may require such as architects, renovation specialists and interior designers.
Free mortgage calculator
Use our free mortgage calculator to help you get an overview of your optimal loan amount, monthly payments and interest paid.
Fill in your info below, and we get in touch within 24 hours.
To make your process easier and faster, fill out the form below and we get back to you with our expert advice.
The more information you can give about your circumstances, the more accurate estimations we can make!
Non-Spanish resident
If you’re not a Spanish resident, you can borrow up to 70% of the purchase price of the property.
Through collaboration with the major Spanish banks, we can get you the exclusive rates, below those offered directly from banks.
Documents required
Copy of your Passport / NIE
Most recent tax declaration / P60
Last three payslips
Bank statement showing last 6 months movements
Details of properties you own including any potential rental income
An Experian credit report (UK Residents)
Spanish resident
If your main residency is in Spain, you can get mortgages up to 80% of the purchase price, sometimes more.
Whatever your needs are, we provide you with exclusive rates from the major Spanish banks.
Documents required
Passport / NIE
Declaration de renta
Last three payslips
Bank statement showing last 6 months movements
Details of other properties you own including any potential rental income
Investing in real estate in Spain. What is worth knowing?
Spain is one of the most attractive places in the world when it comes to real estate investments, ranking 4th among the countries providing the highest capital growth. Only the U.S, Brazil and China ranks higher.
Investing in real estate abroad often involves taking out a mortgage. A common concern often appears about the difficulty of obtaining a mortgage in Spain. In the recent years, Spanish banks have been more and more open to provide mortgages for real estate investments so getting a loan is usually not a problem, provided certain conditions are met.
Most banks don’t have credit restrictions based on nationality, although banks may require a higher down payment from a non-resident. Residents in Spain can borrow up to 80% of the estimated value of the property, while non-residents can borrow an average of 70%. But everything depends on your financial situation, the type of mortgage and the offer from a specific bank.
We make sure the conditions of the mortgage are met and that you get the mortgage you want according to your financial situation with top offers from the Spanish banks.
FAQs
How much can I borrow?
The amount you can borrow depends on your debt to income ratio. Most Spanish lenders will not lend money if your combined outgoings (mortgages & loans) add up to more than 40% of your total income.
We have an in-house risk assessment team, that can help you understand how much you can borrow.
What is my mortgage loan rate based on?
Euribor, which stands for Euro Interbank Offer Rate and is the rate on which all mortgage loans are based. The rate you will pay for your mortgage will comprise two elements: Euribor and Margin. The actual rate you pay will be calculated by adding these two elements together. Spanish banks generally work with the 12 month EURIBOR rate meaning that your rate payable is reset every 12 months according to the prevailing rate at that time.
Does age affect the term period?
You can be no older than 75 / 80 years of age when the mortgage completes. If you are 60 years old then the maximum term is 15-20 Years.
If you have any questions regarding this, contact us and we advise.
What is the maximum LTV (Loan to value)?
The maximum loan to value is up to 70% if you are a non-Spanish resident, and up to 80% for Spanish residents.
The value of the loan will be based on property price or the property valuation, whichever is lower of these two.
What documentation does the bank require?
Copies of your Passport / NIE (for all parties that will be on the mortgage)
Your most recent tax declaration or P60
Your last three payslips
Details of other properties you own including any potential rental income
A bank statement of the last 6 month
An Experian credit report
What fees do you take for advisory?
We don’t charge to check what you can borrow, or even to get an official offer from the banks. We only charge if you decide to accept an offer from the bank to purchase a property.