Spanish mortgages to purchase and refurbish
So, you have had a good look around and now you know exactly where you want to live in Spain. The area has everything you wanted, including shops, bars and restaurants nearby and it’s only a short drive to the Mediterranean coast. That is part 1 of the dream achieved, but what happens if you cannot find your dream home in that area? Do you sacrifice location to find a house you like or do you sacrifice the house to live in the area you have fallen in love with?
Guide to purchasing a property with a mortgage in Spain
Step-by-step guide to purchasing a house with a mortgage in Spain The process of buying a property with a mortgage in Spain entails various steps and milestones. Whether you are a first-time buyer or you are familiar with real estate transactions, understanding the steps involved can significantly simplify the process for you. In this comprehensive […]
Mortgage Pre-Approval – The green light to making an offer on a property in Spain
If you are planning to buy a house in Spain and require financing to do so, it is undoubtedly a good idea to get pre-approval for a mortgage before you start seriously looking at properties to buy. In Spain it is possible to get a mortgage pre-approved, or a mortgage in principle, without actually having […]
Variable or fixed rate mortgage?
Variable and fixed rate – the key facts! Most Spanish lenders now offer foreign borrowers a choice of variable and fixed rate deals. Unsure what the difference is and which would work best for you? Here is Hipoteken’s snapshot guide to choosing between these two types of mortgages. It’s a decision all overseas buyers will […]
Do I need a NIE to get a mortgage in Spain?
You do not need an NIE number (Número de Identidad de Extranjero – Spanish for Foreigners Identification Number) to apply for a mortgage in Spain. We can kick start the process of your mortgage application with the details in your passport. However, your NIE will be needed when approaching the completion of the purchase of […]
What are the costs involved in signing a mortgage in Spain?
The costs involved in signing your Spanish mortgage include: Set up costs – this fee will vary depending on the bank that offers the finance. It can range between 0% to 2.5% depending on the mortgage amount, bank, and whether you are a resident or not. Valuation cost – generally the banks do […]
What costs are involved with buying a property in Spain?
The costs of buying a property in Spain will depend mostly on 2 factors: Region of Spain you are purchasing. Type of property you are purchasing (new build or resale). This is the breakdown of the cost of buying a property in Spain: Purchase Price. Resale taxes applicable. New build taxes applicable. Solicitors fees. […]
How long does it take to get a mortgage in Spain?
We can work fast for you! Once we receive all the documentation we need from you, we will be able to apply for your mortgage to various banks. Normally we can have a mortgage offer for you within 48 to 72 hours. In case your case is urgent, we can do our best to […]
