Obtaining a mortgage in Spain, if you get the right advice, can be straightforward.

It also provides you with certain guarantee’s, let’s face it, the bank is not going to lend money on a property that has problems.

Providing you meet the financial requirements, the property is problem free, the bank is happy to lend non residents up to 60% of the valuation (that’s the bank valuation – not the purchase price) and 80% for residents.

You will need to open a bank account, deposit the cost of the valuation, and send in copies of the documents required including the request for the mortgage.

TIBC are also happy to arrange mortgages for clients not purchasing their property via TIBC.

TIBC have produced a mortgage guide and a mortgage checklist that you can download using the links below to enable you to learn more about this subject.