ALMERIAPROPERTYPORTAL

Requirements to apply for a mortgage

Standard requirements to apply for a mortgage

With the main Spanish banks

You have just choose your next property. You don´t want to spend your saving on it and you prefer to apply for a mortgage loan.

Let´s see the requirements

We choose our home

Once we have chosen our house

We can reserve it to remove it from the market. This reservation contract will have a special cancellation clause in case of not qualifying for a mortgage so we can have our reserve back.
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Nota Simple

Request a Simple Note

We request a NOTA SIMPLE in the land registry where the property is located. Please, this step is very important so you will be able to check if the property has other mortgages charges or debts. Consult always an expert.
(You can check our services page)
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Let´s go to talk to the Bank

Once we have a "Nota Simple"

We will talk to the bank.

It is always better to make an appointment to avoid waiting.
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INFORMATION TO PROVIDE TO THE BANK

Personal information necessary for the mortgage application:

NIE
PASSPORT
If you are a Resident: A certificate from Tax Office of your resident status.
FISCAL ADDRESS
POSTAL ADDRESS
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More data about you

Your profession
Your last Income declaration.
If you are working: your las 3 payslips and your employment contract.
If you are a pensioner, a certificate from the Social security Treasury.

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The bank will normally give you 80%

While the operation is approved...

We must think that the bank will give you 80% of the selling price. This is the general rule. Some banks could give you more or less depending of our financial situation
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Sale of Bank products

Banks are becoming more and more sellers of financial and banking products

When you sign a mortgage, the bank will always offer you financial products: life insurance, car insurance, house insurance.
You are not obliged to have them but THINK that house insurance will be a product that will be needed.

Today banks are working with good insurance companies.
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On the bank acceptance

Once the bank tell you that the operation is positive

You need to go to the Agent or Owner of the House to inform them that you can go ahead with the sale process. So next step will be sign the private contract and pay the 10% of the selling price.
After that we will arrange the sign of the Selling Deeds before a Notary and is there when you sign at the same time you mortgage Deeds. Both Deeds have to be submitted to the Land Registry
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