Spanish Mortgage Q & A
Below you will find a few short Q&As on various areas concerning Spanish mortgages and buying a home in Spain.
We will try to cover the most important areas, but if you have a specific question, please use the short form below to send us you question.
The property tax in Spain spans from 6 to 11% depending on the region and depending on the price of the property. Plus the valuation and the opening fee.
There are several costs involved and the can vary from region to region, but we always give a guide line of between 12 to 14% of the property value
You have to be a tax resident in Spain to get an 80% mortgage. However, there is unfortunately no exact amount of time indicated by the banks in which you have to have lived and paid taxes in Spain to get access to a residential mortgage of 80%. In our experience we...
If i’m paying x amount in rent per month, i assume that the bank will allow me at least to pay a mortgage for the same amount as well?
The bank in Spain looks at your income on monthly basis and will calculate that you can afford 35% of that for your total debts
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At Spectrum International Mortgages we do an annual update on the rate development in Spain. We do this every year in February and this year will be no different. As ever, the rates we mention are based on the market at the moment of publishing and we cannot guarantee...