10-step easy guide 
How does it all work ?
 

1 - Find a property you wish to buy.

2 - Send us a request for a mortgage quotation  CLICK HERE

3 - Send us your documentation

4 - We apply for your loan, and within 2 working days we should have an approval in principle

5 - We open a Spanish bank account for you, to which you transfer your valuation fee (usually 290€)

6 - We order the valuation, which takes approx 1 week

7 - If necessary you transfer additional funds to your Spanish bank account, and provide any additional documentation that we might request, including a copy of your NIE number

8 - When the valuation report arrives at the bank, if the valuation amount is sufficient for the loan applied for, we will arrange the completion date (2 working-days notice required)

9 - The day before completion, you must have sufficient funds in your account to complete, and we will liaise with all parties to ensure everything is prepared.

10 - On the day of completion you (or your appointed attorney) must attend the notary office, bringing with you original copies of your documents (especially your NIE number).  You can now enjoy your new Spanish home !

 

This whole process can be completed within 1 month, if all the correct documentation is provided. 

 

 

DOCUMENTS REQUIRED FOR MORTGAGE APPLICATIONS
 (NON-RESIDENTS)
 
 
(Please note that items in bold are essential for the application, whereas items not in bold can be provided at a later date)
 
 Employee or Retired
 

Copy of passport or NIE number
 
Copy of last P60 
 
Copy of escritura/nota simple for the property (if this is not available, then a copy of the purchase contract)
 
Full Credit report (eg Experian)
 
Previous 12 months bank statements showing income (only the sheets that show earnings are required) – internet printoffs are OK, but must include clients name.
 
Previous 3 months wage slips or pension statements
 
Copies of any bank transfer receipts in respect of stage payments or deposits on property to be purchased (not necessary if declared value = actual purchase price)
 
Signed contract of purchase (signed by both vendor and buyer)
 
If the vendors are non-residents, please provide their NIE numbers.
 
An indication of the loan amount required in Euros, interest-only period required (max 5 years), total length of mortgage in years (max 40 years, and mortgage must complete before age 75)
 

 
 Self-employed
 

Copy of passport or NIE number
 
Last tax return to Inland Revenue in full 
 
Escritura/nota simple for the property (if this is not available, then a copy of the purchase contract)
 
Full Credit report (eg Experian)
 
Previous 12 months bank statements showing income (only the sheets that show earnings are required) – internet printoffs are OK, but must include clients name.
 
Last company accounts (not always necessary, but send them if you´ve got them to hand)
 
Copies of any bank transfer receipts in respect of stage payments or deposits on property to be purchased (not necessary if declared value = actual purchase price)
 
Signed contract of purchase (signed by both vendor and buyer)
 
If the vendors are non-residents, please provide their NIE numbers.
 
An indication of the loan amount required in Euros, interest-only period required (max 5 years), total length of mortgage in years (max 40 years, and mortgage must complete before age 75)