Spain Mortgage Arrangement

• Those who want to buy a property in Spain and can't or don't want to pay in cash
  
• Those who already own a property in Spain and want to <b>mortgage</b> to obtain funds for another investment
  

What does it include?

• Choosing of the lending entities, on the basis of their particular loan terms and conditions, and negotiation of the lower interest rates available to suit the personal needs and circumstances of the applicants
  
• Obtaining of Approval in Principle of the mortgage based on the income of the applicants subject to valuation, in those cases where the property has not been chosen yet
  Arranging of the valuation of the property by an independent surveyor (this has a cost of around 250 €, paid directly to the surveying company)
  
• Forwarding of the Binding Offer provided by the bank.
  
• Oppening of Bank Account

Before you Start

• Last three bank statements.
  
• Copy of passports.
  
• Equifax credit search (Some banks request this, some don't, let us know if this might represent a problem).
  
• Copy of a bank reference letter stating that you are a trustworthy party for business relationship and that you should prove good for repaying an amount equal to the loan amount. These letters are regularly issued by banks or building societies. You can obtain it from the entity you bank with.

• Copy of last years self-assessed income tax return or profit and loss accounts certified by your chartered accountant.
  
• Copy of last years company accounts audited by your chartered accountant.
  
• Copy of the last three wage slips (where you have assigned yourself a salary).
  

• Copy of your last annual income tax return (P60 or similar)
  
• If possible, letter from an accountant and/or employer stating income (Although not necessary).