Capital & Repayment Mortgages.

We at Direct Mortgages Spain can give you free advice and help you obtain the best mortgage suited to your own personal needs. Whether you are looking for money to complete home improvements or to buy a car, of even a business.

We are able to get the best rates available by searching our database of over 27 Spanish & UK lenders. With different mortgage products for each and every situation.

Low Start, Interest only and fixed rates.

How much can I borrow?

If you are a non- resident of Spain you can borrow 60% of the banks valuation of the property. Whether you are a resident or non/resident of Spain.

What Interest Rate will I pay?

Your interest rate will be calculated by the banks current euribor rate. These may vary from lender to lender.

What documents will I need to produce?

You will be asked to provide the following:

For Non-residents of Spain:

• Copies of your N.I.E (National Identification Number in Spain)
• Proof of income, Current P60 & 3 pay slips
• If self employed accountants certificate or 2 years accounts
• Pension certificate (if applicable)
• 3 months bank statements showing income
• Last 3 months mortgage payment reciepts
• A credit report from the UK or Ireland
• Copies of Passport
• Escritura (Deeds)
• Copy of Suma reciept (Council Tax Payment)

• Escritura (Title Deeds)
• Copies of passports
• Residencia certificate
• Vida de Laboral
• For self employed your last four quarters Modelo (Income/IVA)
• For employed a copy of your contract of work
• The last 3 months bank statements showing income
• Last three months mortgage payments reciepts
• You may be asked to sign for a Spanish credit report
• Copy of Suma reciept (Council Tax Payment)

What expenses will I have?

Your expenses will be set out as the following:-

Valuation fee, Banks opening fee, Notary Fees, Land Registry Fees, Mortgage Tax, Banks solicitor fee and a banks cheques fee. As a guideline you should allow between 5% and 6% of the mortgage obtained.

Is there any brokers fee?

There are no brokers fees on most of our mortgages.

Should I have any other questions?

Please contact us for more information on:

Tel 00 34 966 795 220 or 00 34 966 790 218

Alternatively email us here.

Dont forget you can click on our mortgage calculator for quotes, or apply online here.

Direct Mortgages Spain is an independent mortgage broker & practices advice under the guidelines of the FSA
All mortgages & quotations are subject to change, status & valuation, your home is at risk if you do not keep up with your repayments