It is easier if you apply for a mortgage with a Spanish bank and it is strongly advised by us at Rioja Properties, however you can arrange for a mortgage through your personal bank in your home country, by using the equity of your property. Bearing in mind that the rates are often found lower in Spain and after the currency exchange rate is agreed, you may find yourself losing out.

You will find that the rate varies for those who are Residents and Non-Residents and those being Spanish nationals.

Upto 70% is offered to Residents and Non-Residents and for Spanish nationals upto 90%. Mortgage application is an easy process. You will need proof of income / funds and a bank survey to value the property against the land and construction values of today. We work with a very competitive Bank and will get you the best deal possible.

 

Mortgage Application Form We can offer you the service to find out exactly what your mortgage allowance capacity would be, even before coming to Spain to look for a property. This service gives you an insight in how to arrange your maximum budget. You can send us an e-mail requesting this form, we will send it to you with the e-mail address of the bank manager. You can then send this application form directly and totally confidential to the associated bank manager. This will be processed given all the information provided is accurate at the time of processing your budget capacity. The manager will contact you with the result within 2 working days!

Here at Rioja Properties we can arrange the financing of anything from a small extension all the way up to a complete new build, including the land itself. Working closely with the major Banks, affords Rioja Properties to give our clients a competitive and professional service.

For any further information, please don't hesitate to contact us!