Congratulations! You have decided to purchase a property in Spain and are considering to bring in De Spaanse Hypotheker as your mortgage broker.
First of all, we recommend that you do our free mortgage affordability check. After this we can calculate exactly what your financial possibilities are.
Please read the information below and we will contact you within two days to discuss the possibilities.
The application process to apply for a mortgage in Spain:
Firstly we do an intake interview and discuss your wishes & possibilities and start preparing the financing plan. This can be by e-mail, by phone or in a personal meeting. Step by step we go through the process with you and together we decide which strategy best suits your situation.
Topics we discuss in our intake interview:
1. Analysis of your personal financial situation
2. Calculation of the mortgage amount you want and can lend
3. Your personal preferences and priorities
4. Calculation of Percentage of financing (LTV)
5. Loan terms
6. Interest rates
7. Calculation of monthly charges
8. Additional conditions (automatic payments, debit and credit cards, home and life insurance etc.)
9. An explanation of the expenses derived from the operation
We will regularly keep you informed on the progress of the mortgage application. After we receive a preliminary agreement from a bank, we will send you a proforma quotation with all conditions and requirements.
Hereby a resume of the process to apply for your mortgage in Spain:
- Collection of documentation and preparation of the file
- Present file to specially selected mortgage providers
- Recieve result of study and mortgage quotes/analysis
- Principal Agreement Offer(s)
- Analyse offers and select mortgage provider
- Open Bank account
- Transfer funds for survey
- Definitive approval
- Transfer of funds for completion
- Appointment Notary and completion of purchase by signing of the deeds