Spanish mortgages & finance explained

Inside the explanation guide

Explanation guide · 42 pages

1. How a Spanish mortgage works
2. How much can you borrow?
3. Residence status and your buyer profile
4. Documents for employees
5. Documents for business owners and the self-employed
6. Debts, credit history and source of funds
7. Own funds: deposit, costs and reserve
8. Pre-assessment and comparing banks
9. Valuation and loan-to-value
10. Currency risk and international payments
11. Fixed, variable or mixed rate?
12. Fees, insurance and linked products
13. FEIN, FiAE and the binding offer
14. The prior meeting with the notary
15. Timeline and contract protection
16. Completion day: the money flows
17. After signing: living with your mortgage
18. Glossary of Spanish terms and FAQ

Inside the checklist & workbook

Checklist & workbook · 22 pages

The finance guide for international buyers: from affordability and documents to the binding bank offer, the notary and completion.

• Borrowing capacity and monthly costs
• Residence status and buyer profile
• Income and employment documents
• Documents for business owners
• Debts, credit history and source of funds
• Deposit, purchase costs and reserve
• Pre-assessment and comparing banks
• Valuation and loan-to-value
• Currency risk and international payments
• Fixed, variable and mixed rates
• Fees, insurance and linked products
• FEIN, FiAE and the binding offer
• The prior meeting with the notary
• Approval timeline and contract protection
• Mortgage deed, purchase deed and money flows