How to get a mortgage for a property in Spain

It is better to inform the realtor in advance about the desire to buy an object directly with the help of borrowed money. Since this procedure with a mortgage requires a much longer period. In addition to opening a bank account and obtaining a taxpayer identification number, it is necessary to collect a set of documents in order to obtain a preliminary assessment of your financial status as a potential borrower. What documents are needed? If you are an employee, you should show a certificate from your place of work indicating the work of the company, indicating your position, monthly earnings taking into account tax payments and the period during which you work. If you are an individual entrepreneur, then you will need documents on registration of an individual entrepreneur, as well as tax returns. From the business owner – papers certifying his right to own a business, as well as information on income. In addition, you must provide your credit history, information about your family and place of residence – in your own or rented. In case you receive additional income, for example, from renting out living space, it is better to also add these documents to the general list. As for the documents for the property, they are not needed at the stage of obtaining a preliminary assessment. It is only necessary to indicate its price. If a preliminary assessment is received, the intention to purchase is confirmed – a reserve agreement is signed, and the reserve itself is paid for. Then the documents discussed earlier are submitted to the bank, only with the documents for the property being purchased. Only after this, the bank launches the procedure for reviewing the documents by the credit committee.