Mortgages

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Our mortgage desk has contact with all the major banks and financial institutions and, depending on your circumstances,will be able to place your application with the bank were you will obtain the best terms and conditions.

Non-residents can generally obtain a mortgage of 70% of the property value some banks do offer a higher percentage up to 80% but the criteria is often strict some times the value of the property is higher than the purchases price.

Building loans are also available.this is calculated on the value of the land and the building contract price 70%


For purchasing of vacant land and purchase of commercial premises a
mortgage of 50% of the valuation can be arranged. We can also offer bridging mortgages to enable you to buy a property without having previously sold your existing property in Spain


DOCUMENTS REQUIRED FOR NON-RESIDENTS

EMPLOYED

last 3 payslipslast p60

copy of last 3 months bank statements

copy of passport & nie number


SELF EMPLOYED

1 years tax documents

financial statements

copy of last 3 months bank statements

copy of passport & nie number

In addition,depending on the application,a bank may ask for an experian report


DOCUMENTS REQUIRED FOR RESIDENTS

EMPLOYED

last 3 nominas

declaracion de la renta

vida laboral

copy of DNI


SELF EMPLOYED

quaterly & annual tax documents

Escritura of SL & SA company or Autonomo docunents

copy of DNI


We would be pleased to arrange a mortgage on your behalf,even if you do not purchase through MAHONESTATES