Mortgage

Finance & mortgage advice

Most of the major Spanish banks on the Costa del Sol are keen to offer mortgages at very competitive interest to non-resident buyers, normally up to a level of 60%,and are able to process financial status enquiries and property survey valuations fairly quickly.

What information will the lender require ?

Banks vary in the amount of information they require. As a general guide you can be expected to be asked for the following:

• Last 3 wage/ salary slips.
• Last Income Tax declaration/P60 in the UK, or evidence of latest annual tax declaration.
• Copies of your current bank statements covering the last six months
• Reference letter from your employer confirming date of employment and proof of income (not always essential but helpful, especially if you want to achieve the maximum amount of borrowing).
• Copy of passport/residencia.

• Latest Income Tax declaration.
• Copies of the accounts for the last two or three years.
• Chartered Accountants Company report, confirming your annual personal drawings from the company.
• Personal bank statements.
• Bank reference letter.
• Copy of passport/residencia.