FINANCING – Documents Required to Buy a Home in Spain and Apply for a Mortgage

10 April 2021

Documents Required to Buy a Home in Spain and Apply for a Mortgage

Once you have chosen the home of your dreams with your Personal Real Estate Agent, it’s time for the mortgage.

Applying for a mortgage will lead you to immerse yourself in a long and papery process. But do not spread panic. Before getting down to work, we recommend that you read this article in which we explain in detail what papers the bank is going to ask you for.

Location of the property

The first thing that the bank is going to ask us for is the situation of the property, that is, where the property is located, if it is free of charges, what is its value, if an appraisal has already been carried out … To do this, we must contribute:

Of course, the bank is not only going to ask us for these documents, we are going step by step.

Documentation on financial solvency

For the bank, one of the most important things is to know your financial situation, since in this way it ensures that the mortgage you are going to ask for will be paid month by month.

What requirements must be met to request a mortgage?

Banks have undoubtedly learned from the last crisis and they don’t grant mortgages just like that. For this reason, a series of requirements must be met:

Requesting a mortgage loan is not an easy task, many factors come into play that we must control and that can sometimes generate anxiety that is not necessary. In addition, banks also negotiate and for this we must have some experience.

Without a doubt, our best advice is to hire the services of an expert to help you get the best mortgage conditions. Keep in mind that having an expert on your side will always help you get what you really want.

Marbella WOHNEN Immobilien

 

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