Is it possible to loan approval?
Christina asks:
Hello. Please tell me di will approve me a loan a Bank when buying an apartment in Spain if the salary is small, owned several apartments in Moscow. All documents furnished to me. I plan to take 80 000 euros. Whether the documents of ownership guarantee my solvency or it is important to specify exactly white official income? What an attractive interest rate I can expect? Thank you
Expert answers (2)
(Inmobilaria)
Good day!
Banks consider each situation individually, we can help with the documents. The rate can also vary depending on the documents provided, on average 3-6%
There is also 1% on bank real estate
Banks consider each situation individually, we can help with the documents. The rate can also vary depending on the documents provided, on average 3-6%
There is also 1% on bank real estate
16.06.2014
(Best House Orihuela Costa)
Hello Christina! Unfortunately, your property in Russia cannot serve as a guarantee of your solvency for Spanish banking institutions.
Your official income can serve as a guarantee. Banks in Spain can provide you with a mortgage loan for persons who are not residents of Spain, from 60 to 80% of the cost of housing.
To begin with, you need to have 10% of the cost for registration costs and from 20 to 40% for the initial payment (depending on the amount of the loan that you will be given).
The monthly payment on the loan must not exceed 35% of your monthly income.
Which exit? Next: either one of your friends or relatives can act as a guarantor for obtaining a mortgage in Spain (the more people speak, the more chances of getting financing), or try to get a loan in Russia by providing documents for the ownership of your real estate in Moscow and, having received the money, buy property in Spain.
In both cases, we can help you, because our company has agreements with more than 50 banking institutions in Spain.
Regards, Anna.
Your official income can serve as a guarantee. Banks in Spain can provide you with a mortgage loan for persons who are not residents of Spain, from 60 to 80% of the cost of housing.
To begin with, you need to have 10% of the cost for registration costs and from 20 to 40% for the initial payment (depending on the amount of the loan that you will be given).
The monthly payment on the loan must not exceed 35% of your monthly income.
Which exit? Next: either one of your friends or relatives can act as a guarantor for obtaining a mortgage in Spain (the more people speak, the more chances of getting financing), or try to get a loan in Russia by providing documents for the ownership of your real estate in Moscow and, having received the money, buy property in Spain.
In both cases, we can help you, because our company has agreements with more than 50 banking institutions in Spain.
Regards, Anna.
30.04.2014
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