MORTGAGES

Spanish banks will offer to finance up to 70% of the acquisition price through a mortgage for non-residents. Your Lawyer will be able to advise on costs and taxes regarding these facilities and applications on your behalf. Some developments already have Spanish mortgage facilities for their products, which are worthwhile considering as they usually have good market conditions and are cheaper in cost. Below please find the requisites to apply for a mortgage in Spain.

NON RESIDENT EMPLOYEES

Payrolls of the three last months, P60 Form, Bank settlements  of accounts of the three last months,  letter of reference from the company and photocopy of the passport.

NON RESIDENT SELF EMPLOYED

Income Tax  Return, Solvency letter from your Tax Advisor or your  Accountant, bank settlements of accounts of the three last months and copy of the passport.

RESIDENT EMPLOYEES

Work Permit  dully stamped by the Social Security Department, Work Records , Income Tax Return,  last three months payrolls, Solvency letter from the bank.

SELF EMPLOYED RESIDENTS

Certificate of self employed status and should it be the case the Title Deed of the Company, Solvency letter from your accountant, Losses and Benefits report of the two last years, Income Tax Return, V.A.T. report of the last three quarterly payments and Bank  settlements of accounts of the last three months.