1. Begin by finding out how much you are eligible to borrow. To do this complete our Eligibility Checker and Quote form and submit your details to one of our specialist Spanish Consultants. We can then arrange a call to provide you with a quotation illustrating the most suitable products available as well as confirming the documentation you will be required to submit when making a formal application.
  2. Once you are comfortable with a mortgage product, instruct us to act on your behalf. At this stage, you will be appointed a dedicated Consultant, fluent in Spanish and with the expertise to guide you through the process.
  3. Next, you will need to complete the lender’s mortgage application form, which we will have sent to you, and return it to us along with the documentation required in support of your application. On receipt of this we will underwrite your file and submit it to the lender for a special fast-track service.
  4. Once we have obtained an approval, you can go to Spain to find a suitable property that meets your budget.
  5. If you find a property while in Spain, you may sign a sales agreement (Contrato de Compraventa) and transfer the deposit to secure the property. We will need to submit a signed copy of the sales agreement and property registration details to the lender.
  6. The lender will then instruct a valuation which you are required to pay for.
  7. Once a satisfactory valuation has been received, the lender will issue a mortgage offer and arrange completion with your lawyer.
  8. At this stage, you will need to arrange buildings insurance, a bank account if not provided by the lender and ensure your NIE number has been issued. We will be able to assist with the insurance if required.
  9. At this stage you must decide whether you plan to attend completion at the Notary’s office or arrange a Power of Attorney.
  10. Once a completion date has been agreed between the bank, your lawyer and the vendor’s lawyer, then an appointment can be made at the Notary’s office. You will need to ensure you have transferred the balance to your lawyer.
  11. Completion can now take place, and you can take ownership of your Spanish property.

30 Jun 2023

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