Residents or Spanish buying their 1st home
Up to 80% of the taxation value of the property
Interest rate: Euribor + 1%
Opening Commission: 1%
Residents or Spanish buying a second home
Up to 80% of the taxation value of the property
Interest rate: Euribor + 1%
Opening Commission: 1% (Minimum €600)
Non-Resident who wants to buy a second home Under €100,000
no loans available
€100,001 - 650,000 Upto to 70% of the taxation value of the property
€650,001 - 1,600,000 Up to 50% of the taxation value of the property
Above 1,600,000 is to be studied on a case by case basis
Interest rate: 1st and subsequent years Euribor + 1%
Opening Commission: 1% (Minimum €600)
No cancellation fee on early redemption (minimum 10% of total mortgage)
Employees
1. Last 3 payslips
2. Last tax declaration (P60 if from the UK)
3. Filled out application forms
4. Photocopy of Passport
5. Copy of Titledeed from Property Register (Nota simple)
Selfemployed
1. Tax returns last two years
2. VAT and income tax returns
3. Balance sheets
4. Last 3 bank statements
5. Filled out application forms
6. Photocopy of Passport
7. Copy of Titledeed from Property Register (Nota simple)
