Real Estate agents in GALICIA
With over 10 years of experience we are proud to be the first Professional English/Dutch-speaking Real Estate Agency in Galicia.   Read more...
Quasar Homes

 
We are committed to offering an efficient and personal mortgage service to our clients.

A mortgage in Spain can be arranged for acquisition, renovation and construction.
 

 

How much can you borrow?

A non resident will be able to borrow up to 70% of the banks valuation of the property and a resident can borrow up to 80%.

What interest rate will you pay?


This depends on the currency you choose to borrow. Interest rates for mortgages in Euros are based on the EURIBOR.

We are working with the Spanish Banco Pastor and their rates are actually:

- Variable interest rate: 3,65% the first year.
- Cost of arranging the mortgage: 0,75%.
- Euribor: + 0,75% (usually once a year reviewed).
- Cost of early repayment: none

What is the maximum repayment period?


Approximately up to 20 years.

Required documents for a mortgage:


1. NIE number from the local police station (also necessary for purchasing a property in Spain).
2. Open a bank account in Spain (also necessary for purchasing a property).
3. Last three salary slips.
4. Last income tax declaration.
5. Copy of your passport / residency.
6. Bank reference letter from your employer confirming length of employment and salary.
7. Copies of the last three current bank statements.

If you are self employed:


1. NIE number from the local police station (also necessary for purchasing a property in Spain).
2. Open a bank account in Spain (also necessary for purchasing a property).
3. Copies of the accounts from your chartered accountant for the last 2-3 years.
4. Copy of your latest tax declaration.
5. Copy of your passport / residency.
6. Bank reference letter or details of your Bank for reference purposes.
7. Copies of the last three current bank statements

 
INSURANCES
 

We also offer the possibility to insure your property against fire, robbery and other damages. Please feel free to contact us for more information.

Quasar Homes Real Estate agents in Galicia