Affordability Check

BUILT TO PROVIDE YOU WITH FAST AND HIGH-QUALITY MORTGAGE ADVICE

Our application form is designed to pre-approve your profile for all banks offering mortgages in Spain. When you submit the full form, we can determine the appropriate lenders and provide you with a no obligation quote within 48 hours. To speed up the process, we don’t ask you for documentation at this stage, but be aware that you can be asked to document the details submitted later.

Before you proceed with the full application you can do a quick borrowing check to understand your debt-to-income ratio, which determines how much you can afford to borrow.

Application Form

To receive a free, no obligation mortgage quote, please follow the easy step-by-step process and one of our advisers will be in touch within 24-48 working hours.

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1.PROPERTY DETAILS

Property details
Have you found a property yet?
If possible, please provide the web-link of the property (or type of property) you are interested in buying
When do you intend to buy?
Please be aware that it usually takes 6-8 weeks to complete a mortgage - for more information on conditions and timelines go to our pre-approval page "link".
Are you buying in Spain or Portugal?
In which area of Spain are you buying?
Is the property on rustic or urban land?
Rustic land properties are usually on old agricultural land with a non-tarmac road leading to it's entrance. Urban land properties are apartments, town houses or villas in the countryside but with a tarmac road leading to it and usually with street lights and pavements.
Purpose of property
Price (or estimated price) of property (€)
Mortgage required (€)

I am a Spanish fiscal resident	I am a Spanish fiscal resident?
Term required (years) or monthly budget (€)
Unless a suitable pension/retirent income is in place, the maximum term is usually to age 67. If you have a good pension income after this age, the term can be to age 80 (maximum usually 25 years for non-residents). The banks do not accept that you will continue with your employed or self-employed income (even if this is the case).
Types of rate preferred?	Variable rate Fixed rate Both
Other requirements?
Do you have the cash to cover the deposit plus the fees and taxes (10-13%)?	Yes No
What is the source of the funds?
Please Explain
Aside from the deposit (30-50% for non-residents and 20% for fiscal residents), you will also require 10-13% of the property price to cover the fees and taxes relating to both the property and mortgage. The percentage varies depending on the area of Spain.
We are very sorry, but unfortunately we can’t help you at this time and you will not be able to continue with this application form. To proceed with a mortgage, you will need the deposit plus the fees and taxes (around 15% of the price)..
Other property, mortgage or financial arrangements in Spain or Portugal (please give details)
Please fill all the fields

2.PERSONAL DETAILS

3.INCOME DETAILS

4.DEBTS AND EXPENSES

5.ASSETS AND INVESTMENTS

Assets and investment	1st Applicant	2nd Applicant
Do you own any properties worldwide (including properties in your own country and your main residence)?	Please add at least one property.	Please add at least one property.
You mention you don’t have a mortgage, pay no rent and that you don’t own any properties. Where do you live please and do you live rent free?
You can add maximum of 20 properties by clicking the "add new property" button.
How many properties do you own worldwide (including properties in your own country)?

Please click on "Add Property" and give the details for each property that you own.	Add Property	Add Property
What liquid assets do you have in total (cash, shares, managed funds etc)?
Please fill all the fields

6.ADDITIONAL SERVICES AND OTHER

I agree that Mortgage Direct can contact me to provide me with no-obligation mortgage advice as well as general information about mortgage conditions and the mortgage process in Spain. We will respect your privacy and protect your data according to our privacy policy

Opening a Spanish Bank account can save you money
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Personal details	1st Applicant	2nd Applicant

First name
Last name
Date of birth
Marital status
Do you wish to submit a joint application?	Yes No
Please indicate your relationship to the second applicant?
Please explain why?
If married and you do not wish to include your partner's details, please explain why in the comments box Above.
Number of dependent children
Nationality
Resident country for tax purposes
If you currently don’t live in Spain, is your work internet based and will your income continue at the same level?	Yes No	Yes No
If you are employed, can your employer provide a letter confirming this?	Yes No Not applicable	Yes No Not applicable
Preferred contact number
E-mail
Please fill all the fields

Income details	1st Applicant	2nd Applicant
Employment status
Please check which documents are required for self-employed applicant.

Time with current employer / in self-employment / in retirement
Please be aware that some banks require you to show consistency in employment for at least 1 year.
Were you in previous employment before that and if so, for how long?
Are you on a permanent, indefinite contract?	Yes No	Yes No
Please explain why?
Net basic monthly income (after tax)
For self-employed applicants, please give your net profit, after tax figure (divided by 12) for the last tax year. If you are a Director of a Limited company, please write your net basic monthly income here and in additional income below, give your last net dividend payment made in the last tax year.
Do you have any additional income?	Yes No Dividend Bonus Commissions Overtime Rental income Investments Pension/Retirement income	Yes No Dividends Bonus Commissions Overtime Rental income Investments Pension/Retirement income
Additional income (after tax - confirm if monthly or annual)
Please fill all the fields

Debts and expenses	1st Applicant	2nd Applicant
Monthly worldwide debt payments	1^st applicant Please select at least one checkbox. No debts Mortgages Personal loans Credit cards - amount and balance if not paid off each month Car finance Other	2nd applicant No debts Mortgages Personal loans Credit cards - amount and balance if not paid off each month Car finance Other
Total monthly debts
Any monthly payments for non-debt related expenses	1^st applicant Please select at least one checkbox. Rental payments Maintenance (following a divorce) Private school fees Other	2nd applicant Rental payments Maintenance (following a divorce) Private school fees Other
Total monthly debts
Credit history

Why do you have a credit rating?
Please fill all the fields

Additional services and other	1st Applicant
Have you approached any banks so far?	Yes No
Which banks have you approached?
Would you like us to recommend a lawyer?
Do you require a foreign exchange service (to save money on your foreign exchange transfers)?

Do you require a Spanish bank account?
Do you require a financial adviser to go through the financial & tax implications of living or owning a property in spain?	Yes - Investments Yes - Tax planning Yes - Retirement Yes - Life/Medical insurance Yes - Car insurance No Please select at least one checkbox.
How did you find us?
If you have found our company directly and not via a 3rd party or estate agent, would you like us to recommend trusted agents from our panel to help you source a property?
Please provide any additional information here to support your application
I agree that Mortgage Direct can contact me to provide me with no-obligation mortgage advice as well as general information about mortgage conditions and the mortgage process in Spain. We will respect your privacy and protect your data according to our privacy policy	Yes No
Please fill all the fields

Pre-approval