Eligibility for Spanish mortgage & qualifying criteria
All Mortgages in Spain are in Euros and will be secured on your Spanish property. As Spanish Mortgages are full status, proof of your income and outgoings will be required in order to gain mortgage approval. In essence, you will be required to prove your Eligibility for a Spanish mortgage
The maximum loan to value available is generally around 60 – 70% of the value of the property and some lenders will include fees.
Spanish lenders will assess your eligibility based on your capacity to repay the loan.
As a general guideline, your existing monthly outgoings and the repayment on your Spanish mortgage should not exceed 35% of your net monthly income.
A percentage of rental and investment income can also be considered.
Mortgage, rent, personal loans, credit card payments, child maintenance and alimony commitments, are all considered as outgoings.
Speak to us directly or complete our mortgage application to find out the maximum amount you’d be able to borrow.