Obtaining a mortgage in Spain, if you get the right advice, can be straightforward.
It also provides you with certain guarantee’s, let’s face it, the bank is not going to lend money on a property that has problems.
Providing you meet the financial requirements, the property is problem free, the bank is happy to lend non residents up to 60 - 70% of the valuation (that’s the bank valuation not the purchase price) and 80% for residents.
There are even interest only mortgages now available over the first five years, even to non residents.
The Property Line can do the legwork for you as we are not tied to just one bank and can shop around for the best deal for you.
You will need to open a bank account, deposit the cost of the valuation, and send in copies of the documents required including the request for the mortgage.
For more information, either call in to our offices in Golf del Sur or email us on info@property-line.org for a full list of the financial documents that are required.
The Property Line are also happy to arrange mortgages for clients not purchasing their property via The Property Line