fbpx

Granada estate agency mortgage advice

Granada estate agency, real estate agency granada, real estate alhama de granada, properties for sale granada, properties for sale alhama de granada

Granada estate agency in partnership with Sabadell bank

Are you looking to apply for a Spanish Mortgage? whether you have found a property or you are at the start of your property search and looking for a mortgage in principle, here’s what you need to know and how to apply

 

Before you apply, bear in mind

The mortgage can cover up to 80% of the purchase price or the appraisal amount (the lesser of the two) for your primary residence. For second homes, up to 70%.

The monthly instalment cannot exceed 40% of your total income.

You will have to face other expenses such as the deposit or the appraisal fee.

Documentation needed to apply for a Mortgage or Mortgage in Principle

  • Your identity document (DNI / NIF) or Passport
  • Proof of other income, if any (rent, commission, account interest, overtime, etc.)
  • Last 2 receipts of your regular payments, indicating the balances pending (mortgages, personal loans, card credit, maintenance obligations and alimony, rental payments, other debts, etc.)
  • Your employment record:
  • If you are a salaried worker, present your last income tax return and last 2 salary /pension slips.
  • If you are self-employed, you will need the income tax return of the last 2 years and the quarterly Personal Income Tax (IRPF) and VAT (IVA) payments of the current year.
  • a bank statement for the last 6 months of your main account (salary, chief bills …).
If you have found a property There will need to be an evaluation of the property organised.
Once your mortgage is approved, the contract of sale and deed are signed before a notary.

To find out more information regarding Mortgages Please fill out the following contact Form

We look forward to hearing from you