Mortgage in Spain

Loan term: 5–25 years, it is 50 percent of a property’s value. Interest rates: 5.5 per cent. Terms depend on documents presented to a bank. Your outgoings must be within 30 percent of your income.

To get mortgage, you will need the following items:

• Application form and valid passport
• NIE number
• Clear police criminal record (Apostille)
• Proof of real state purchase
• Proof of employment or income
• Details of your current debts and mortgages
• Copies of all your existing property deeds (in Spain and elsewhere)
• Records of your current assets