What do you need
to obtain a Spanish
Mortgage ?
Obtaining a mortgage in the Canary Islands
is a lot easier than you would first
imagine. Provided you submit the following
information, which is very straight forward
mortgages of 70% and upwards can
be obtained of the valuation of the property,
of course as you would expect the
amount loaned is always subject to status,
mortgage applications can be approved
normally within 10-15 working days.
Documents
Copies of Passports.
Credit Bureau report (Experian, Irish Credit
Bureau ) if the mortgage is higher than
70% but as in all cases if this can be provided
then it always speeds up the process.
Copy of Title Deeds or Nota Simple informativo
( Land Registry extract of the property
to be purchased ).
Last 6 months statements of other mortgages
/ loans of the applicants.
Employed Applicants
Last 3 or 6 Payslips
Last income tax return ( P60 )
Last 3 or 6 months Bank Statements from
your home bank
Self Employed Applicants
Last income Tax returns
Last 2 years accounts
Last 3 years bank statements
Evidence of other incomes if applicable
Advantages of Obtaining a Mortgage in
the Canary Islands
Favourable Interest Rates
Keeps your overseas assets separate to
those you have at home
Easy to arrange.
No currency exchange required as all
mortgages are in Euro’s.
Your Real Estate Agent should be able to
help you with all aspects of obtaining a
mortgage as well as introducing you to
the relevant bank Directors.
Please note that as at home non payment
of your mortgage can result in the repossession
of your property.
For more information contact:
www.goldacreestatesgrancanaria.com
or call 0034 928 56 56 13
