Loans offered vary greatly in Spain although most Spanish lenders will offer up to 70% of the property valuation to non resident applicants.
However, through our wide network of lenders, in many cases we are able to obtain 80-90% of the banks valuation for non-resident mortgages in Spain. This can often enable clients to borrow over 100% of the actual purchase price.
Some lenders offer an interest only option from 1 to 30 years, this will depend on the age, income and credit strength of each client.
Information and Documentation Required
The information and criteria required varies from lender to lender but usually we will need the following:
Passport copy for all applicants
NIE numbers
UK Home address and contact details
Marital status and number and age of dependants
Employer company name, address and contact name and phone number to verify Time in that employment
Income proof:
Employed P60 and last 3 payslips
or
Self employed- 2 years certified accounts
Bank statements for last 3 months showing net salary paid in ( the Spanish lender may also request a bank reference directly)
