Mortgage documentation

Get an overview of the mortgage documents needed for your mortgage application

Documents required for mortgages in Spain

ONLY FOR FORMAL APPROVAL

The documents required for a mortgage application will vary from bank to bank. Most will not require all the mortgagedocuments listed below, however for completeness we have included a comprehensive list of what banks could theoretically ask for. If we have a specific bank in mind for your application we will send you a copy of the bank’s own checklist or an e-mail confirming exactly what is required, so we recommend that you wait for us to do this before starting to prepare your documents for the application.

Documents required for all applicants

Solicitors details (name, e-mail address and telephone number)
Purchase or reservation contract
Details of any significant non-debt related payments, such as private school fees,
alimony (maintenance) payments or rental payments (marking bank statements clearly to highlight these is very helpful)
Full UK credit report (for UK applicants go to www.creditexpert.co.uk and download the full Experian report in PDF format) or the equivalent for your home country, where available
NIE number (if you already have it)
Bank statement(s) showing the savings to be used for the deposit, fees and taxes (plus any other assets you can prove to strengthen your case, even if not to be used for the purchase e.g., managed funds, share portfolios etc)
Signed copy of Mortgage Direct’s Terms and Conditions
Estate agents details (name, e-mail address and telephone number)
Current Nota Simple plus a web-link to the property
Completed application form(s)

Sometimes required

Details of other loans or debts in Spain, including bank receipts for last 3 payments where appropriate
Bank reference letter, confirming the length of the relationship with the bank and that the accounts are maintained satisfactorily
Latest annual mortgage statement for any properties you may own
Latest 3 bank receipt slips for mortgages (if appropriate) on any properties already owned in Spain
Utility bill (gas, electric or water) proving residence at current home address

Applicant Specific Documentation

Find the specific additional mortgage documents required for your mortgage application

EMPLOYED APPLICANTS

Copies of latest 3 months’ bank statements showing income and payment of regular commitments
Latest 3 months’ payslips
Latest 2 years’ annual tax statements showing gross and net income (P60 for UK applicants)
Letter from your employer confirming the date you joined the company, your position (job title), your income and whether you are on a permanent or temporary contract
If less than 2 years in current job, details of previous employment (dates with previous employers, job titles, incomes and roles)

SELF-EMPLOYED APPLICANTS

SELF- EMPLOYED APPLICANTS

Applicants not directors of their own companies

Copies of latest 6 months’ personal bank statements
Personal tax returns for the last 2 tax years (for UK clients, SA302s are not sufficient on their own for a full application, but useful for initial enquiries)
Copies of latest 3 sets of audited sole trader accounts (if appropriate)
Letter from chartered accountant confirming net profit after tax in the last 3 tax years

Applicants directors of their own companies

Copies of latest 6 months’ personal bank statements
Latest 3 months’ payslips
Letter from chartered accountant confirming salary, dividends and personal drawings in last 3 tax years
Latest 3 sets of audited accounts for company (or companies)
Copies of latest 6 months’ business bank statements

RETIRED APPLICANTS

Proof of pension income received in the last 2 tax years (P60s for UK clients)
Copies of last 6 months’ bank statements showing income and payment of regular commitments

APPLICANTS IN RECEIPT OF RENTAL INCOME

Current tenancy agreement(s)
Latest three sets of accounts of the existing business if a similar business will be carried out at the property
Latest tax declaration confirming rental income declared to the tax authorities

COMMERCIAL MORTGAGE APPLICANTS

COMMERCIAL MORTGAGES

Current Nota Simple, plus the web-link to the property
Latest three sets of accounts of the existing business if a similar business will be carried out at the property
Business plan for the new business including a summary of any previous experience in the same type of business

CONSTRUCTION MORTGAGE APPLICANTS

CONSTRUCTION MORTGAGES

Nota Simple for land purchased (must be purchased outright in advance of application)
Architect’s report
Licenses to build
Quotes from construction companies