It is important to select the mortgage that is right for you, taking into consideration your personal circumstances. It might be that you prefer to raise capital in your home country before arriving in Spain.

If you require a mortgage and prefer to use a Spanish lender you will need to provide proof of your ability to repay the mortgage. If you require a Spanish mortgage let us know so that we can ensure that you bring with you all the necessary documentation and receive the expert advice you need.

When you consider the amount of the loan that you can get you must study two points:

1. Valuation of the property
Through a recognized valuation society you will learn the valuation of the property and, at the same time, you will have a reference to know if the price that you have agreed with the vendor is adjusted to the market price. So, the valuation has a double meaning: it gives the financial company a security and it will give you an orientation of the market price

2. Monthly payment
The other thing that conditions the amount that you can get is your incomes. Generally the financial companies recommend that the monthly amount to pay is not over 35% of the monthly incomes.

Normally the amortization term is between 10-30 years but you can even get a very long term up to 35 years. It is essential that the amount you ask for and the term you choose are appropriately adjusted. When you decide the amount, you must have the total costs of the operation and the amounts you would possibly need for refurbishment and furnishing in mind. You must find the balance between the amount and the term because, the longer time you have to pay it the more interests you have to pay, and if your term is too short it could be a heavy duty for you.

To get a first indication of the monthly amount you can use our mortgage calculator. If you contact us we can, in more detail, help you calculate the accurate amount and the years for you.