How to obtain long-term mortgage

Question

How to obtain long-term mortgage

Serhiy Buryak asks:

Good day. Please tell me how to get a mortgage to buy a home in Spain? No credit as written on many websites, which are issued for 3-5 years maximum, namely the mortgage. And where can I get help in choosing the housing and in registration documents? Thank you.

01.12.2014

SPAIN. Consultation

Mortgage, lending

Expert answers (5)

YER REALTY (YER REALTY) · Answer 1 · 2014-12-01T16:32

Good day, Sergey!
Thank you for your interest in Spanish property.
You can get a loan in one of the Spanish banks. For any foreigner in lending maximum of 50% (though it is sometimes possible to get 60-70%) of the appraised value of the property. The decisive factor is the instrument of your income (list below). Interest rates on mortgages range from 3.5% to 4.5% per annum. Here is an approximate list of documents that are needed to address the issue of mortgage lending:
1) Information on the form 2NDFL income;
2) Information about the monthly salary on the official letterhead of the employer;
3) Statement of the flow of funds in your bank account in the last three months;
4) Proof of ownership in the country of residence;
5) Passport;
6) Net credit history.
Important Note: The documents in Russian should be translated into Spanish and notarized or sworn translator.
Through years of business relationships with banks, our financial department helps our clients to get a mortgage in a Spanish bank on the best conditions. Looking forward to more detail to answer all your questions and provide you with all the necessary assistance and support when choosing and buying a property in Spain.
Kind regards, YER REALTY

Natalia Napalkova (Costaprima) · Answer 2 · 2014-12-01T14:33

Good day, Sergey.
Typically, banks lend to our citizens when purchasing real estate the bank up to 80% depending on the age of the client, from the property, which he wants to buy and so on. There is a bank with which we collaborate, and which lends up to 100% on your property.
If a customer buys a non-bank property, the Bank lends up to 50%. We can say up to 60%, as recently for the purchase of our property has been requested a loan of 60% and the Bank approved its funding in the normal 50%.
We cooperate with banks and provide a full package of services on the choice of property before purchasing it, as well as provide after-sales services (lease the purchased property, cleaning, etc.)

Yours faithfully,
Svetlana De Jong
COSTAPRIMASOL SL

Oksana (Ononix Mar ) · Answer 3 · 2014-12-01T12:31

Hello, Sergey! When buying a property in Spain is issued mortgage loans are usually issued when buying a car, furniture, etc. To do this, you must provide a number of references to the work of the bank, credit bureau, PIT-2, on the availability of real estate in your country. Bank making your solvency can provide you with a mortgage of up to 50-60% of the purchase price, up to 20 years (depending on your age) and under 5-6% per annum.

Sergey, if you are interested in real estate in the south of the Costa Blanca, please contact our agency, we will help you with the choice of real estate, as well as knowing the estimated budget for the purchase, to advise on the mortgage.

Sincerely, Oksana Kirichenko.

Answer 4 · 2014-12-01T10:56

Dear Sergey! At the moment, thanks to the development of mortgage lending in Spain, to get a mortgage non-citizen of Spain in the Spanish bank is quite simple, as put forward to the loan taker demands a greater degree of formality.
Today all Russians wishing to buy property in Spain in mortgages, can count on a loan in the amount of 50-60% of the appraised value of the property. Mortgage loans are now issued by 5-6% per annum. Term of payment mortgage loan depends on the borrower's age. For registration of mortgages to non-residents should:
1) Help 2NDFL on each of the borrowers
2) Reference to work in free form.
3) Extract from the bank account of a Russian bank
4) Certificate from the Bureau of Credit Histories
5) Passport and photocopy
6) 2 Photos 3.5 4.5 (eg. As a visa)
7) account in a Spanish bank
It is advisable to confirm their financial viability and also other documents - such as certificates of ownership of real estate in Russia, on the ownership of the business or its installments, monthly income from rental property in Russia or any other country.
For any questions related to the selection and purchase of a property in Spain, the mortgage registration and obtaining a residence permit, you can contact our company and we will be happy to assist you in the selection and purchase of the house of your dreams! Sincerely, Julia Muraveva.

Natalia Zavalishina (Distant Property) · Answer 5 · 2014-12-01T10:47

Sergey, good afternoon. Mortgage in Spain to receive possible, it is necessary to pay 50% of the value of the object (in some cases as little as 30%, but not all, it is better to focus on the 50%) to have official confirmation of income in Russia, a contract for work, it is desirable availability of assets in Russia or other countries (ferris wheel), it is desirable availability of other financial guarantees (bank deposits, shares, etc.) and the positive credit history at any bank (if borrowed). Selecting an object and a mortgage are parallel. Mortgages are available for up to 15 years, at 3.5-5% per annum.