Mortgage Arrangements

This service is offered to those who want to buy a property here in Spain and who either cannot or do not want to pay in cash. It is also available for those who want to obtain funds for other purposes by obtaining a mortgage on their existing estate.

This service includes the following:

  • The choice of the best option for our client with regard to interest rates and payment facilities.
  • Arranging of an independent valuation of the property in question by a chartered surveyor, the cost of which has to be paid direct to the company concerned. The approval of the mortgage based on the value of the property and the subsequent terms of payments according to the clients income.
  • If the property has not been chosen a preliminary agreement can be made on a mortgage pending the final decision by the client.
  • When a satisfactory arrangement has been made the forwarding of this information to our client for their final approval.
  • The final step is to open a Bank account always of course in the Bank where the Mortgage has been obtained.

In order to begin negotiations on your behalf it is necessary to provide the following documentation:

  • Your last three bank statements.
  • A copy of your passport.
  • We also advise providing an Equifax credit search as some banks request this; however, if this is not available please inform us.
  • A certification from your present bank or Building Society that you are trustworthy and able to repay the loan which you are requesting.

If you are self employed it will be necessary to provide in addition the following documents:

  • A copy of your last years income tax return or profit or loss accounts certified by your chartered accountant.
  • A copy of the last years company accounts audited by your chartered accountant.
  • A copy of your last three salary slips.

Those who are employees will have to provide the following:

  • A copy of the last years income tax return document.
  • A letter from employer or accountant stating your income if possible.

Price: Please ask for an estimate