Financing
Usually you obtain your mortgage through a Spanish Bank. Like in the UK you need to make a profound choice regarding the mortgage. Spanish Total Services gladly helps you making this choice. Purchasing a house through us we accompany you the whole process regarding the mortgage free of charge. We do business with all Spanish banks, so we can always ensure the best offer in your particular case.
Spanish Total Services accompanies you to the notary up to and including the transfer.
Listed below are the general guidelines that apply for the majority of Spanish banks
- Purchase price financed up to max. 60%
- Possibility for mortgage redemption free up to 10 years
- Maximum duration for your mortgage 30 years, depending on your age
- Annual fine free relaying minimum 10% up to 25%
- Mortgage : Euribor + 1,5 %
- Fixed interest period: 1, 5 or max. 10 years
- Commission: 1% – 1,5%
- Closing costs for both new projects and resales around 10%
- At transfer an additional 1% will be charged in taxfor non residents, i.e. not permanently occupied
- Mortgage acceptance depending on your income and savings