The vast majority of Mortgages in Spain are based on proof of income. Spanish mortgages are available to both employed and self-employed persons but, naturally, the proof of income requirements are different for each category (see below).
It is also important to note that anybody going on the title deed and/or mortgage must obtain an NIE number from the Spanish authorities BEFORE being able to complete the purchase. These must be applied for in person in Spain at a suitable police station. Please discuss this with your lawyer before you leave Spain. Click here to download the relevant form.
Employed
People in employment (or who are retired) will usually be asked to provide the following documents:
- Last P60
- Last 3 pay slips
- Last 3 months bank statements
- Employers reference
- Passport
- NIE number (can be provided after mortgage application is made and approved but BEFORE completion)
Persons who are self-employed will usually be asked to provide the following documents:
- Last Self Assessment Tax Return
- Last 3 months bank statements
- Chartered Accountants Reference (we have a format which the banks will accept)
- Last Company Accounts filed (if applicable)
- Confirmation that corporation tax is up to date (if applicable)
- Passport
- NIE number (can be provided after mortgage application is made and approved but BEFORE completion)
Also note that an increasing number of Spanish lenders will credit search in the UK and/or ask you for a recent Experian credit file.
Contact us on: rod@ms4spain.com or +34 678 021 347