Zuuring Lawyers | Mortgage
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General Conditions

Spanish banks ARE WILLING TO GIVE mortgages to non-resident purchasers of property in Spain.

The maximum period of the loan will depend upon the purchaser´s age. It can be extended for a period of 30 years and granted until the age of 65 – 75 years.

The amount borrowed may be up to 70% of the Banks Valuation of the property depending upon your income and assets. You will need to provide proof of your capacity to repay the mortgage and most banks will require monthly earnings exceeding three times your stipulated monthly mortgage repayment.

Documentation Required

  • Tax return from the last two years.
  • Banks reference to include telephone, fax number, name of the manager and account number.
  • Bank statements for the last three months.
  • Statements of current assets and liabilities.
  • If employed, it is required to produce a letter from your employer stating the length of employment, salary, etc., and the last three pay slips.
  • If self-employed, profit and loss accounts signed by a Chartered Accountant are required.
  • Experian Report.