Mortgage for a citizen of Russia

Question

Mortgage for a citizen of Russia

Vardan asks:

Good afternoon. Interested in the possibility of obtaining a mortgage for the purchase of real estate in Spain. Is it possible?

09.12.2020

SPAIN. Consultation

Mortgage, lending

Expert answers (7)

Ina Baltsevich (Estepona-invest) · Answer 1 · 2020-12-10T14:21

Good day! yes, it is possible with the provision of a package of documents, approximately you can count on 50%.

Olga Popova (Luxbarcelona) · Answer 2 · 2020-12-10T13:46

For now, banks provide mortgages to Russian citizens, but not all banks. You will receive 70% of the property's value, do not forget that you need to have your own 30% and the amount to pay taxes - and this is 11.5% of the property's value, that is, 41.5%. To obtain a mortgage, banks ask for your 2NDFL certificate, if you are an employee, account statements in other countries. etc., all documents are translated into Spanish by a sworn translator, you can submit documents in English. The bank's interest will be up to 2.5% per annum.

Julia Efimenko (Benimarestates) · Answer 3 · 2020-12-09T18:36

Good afternoon, Vardan! Yes, in Spanish banks it is possible to obtain a mortgage for non-residents. It is possible to receive up to 70%, depending on the value of the purchased property. To do this, you will need to collect the appropriate package of documents, translate them into Spanish with certification and apostille. The term for considering and obtaining a mortgage is about 20-30 days from the date of submission of all documents to the bank. The mortgage can be obtained for up to 35 years (depending on age), as well as with the possibility of early partial and full repayment.

Evgeny Antipov (ALBAMAR GROUP) · Answer 4 · 2020-12-09T17:19

Evgeny Antipov

(ALBAMAR GROUP)

Good afternoon, Vardan.

Thank you for your question. Yes it is possible.

Best regards, Evgeny

9.12.2020

Marina (Dom&More) · Answer 5 · 2020-12-09T16:58

Good afternoon. For citizens of the Russian Federation, it is possible to obtain a mortgage in a Spanish bank.

Elena Kofeynikova (SpainLuxInvest) · Answer 6 · 2020-12-09T16:42

Good afternoon, Vardan! Yes, it is possible. Buying real estate in Spain can be done with a loan - 60-70% of the cost at the following interest rates - from 2.7% to 3.5% per annum.

Natalia Zavalishina (Distant Property) · Answer 7 · 2020-12-09T16:32

Good afternoon, Vardan, yes in Spain you can get a mortgage, if you have sufficient official and confirmed income in another country.