Foreign Mortgage in Spain

If you have decided to buy a property in Spain's beautiful Granada you may also wish to consider your mortgage options as a foreign buyer in Spain. The good news is that there are now so many international buyers that there are many resources available including specially designed foreign mortgages. To apply for one you just have to make sure you have the following documents:

• Valid Passport, residence permit or Spanish ID card (NIE)
• Resale Properties: Property deeds of current owner.
• New Building: Declaration deed from developer.
• Your last three salary slips.
• Your last three bank statements (account statement for last three years if you are self-employed)
• Spanish tax declaration for the last financial year (P60 form in UK) or if you are self-employed you need to provide tax slip for the last two years.

International Banks with Foreign Mortgages

Spain is one of the top three EU countries for obtaining a foreign mortgage (along with France and Bulgaria) meaning that many local banks offer special foreign mortgage services which include English speaking advisors.

There are also a lot of international banks jumping on the foreign mortgage bandwagon, many of which have developed specific 'Spanish Mortgages' - check with your local bank to see what services they offer. The following list of international banks have mortgages catered to the Spanish housing market and also help with all the practicalities of translation, contracts and lawyers when buying your property in Granada, Spain.

Banco Santander (Also known as Abbey)
www.gruposantander.es/bprivada/binternational.html

Barclays
www.barclays.co.uk/buyingabroad/

Deutsche Bank
www.db.com

Lloyds TSB
www.lloydstsb.com/mortgages/spanish_mortgages.asp

Natwest
www.natwestinternational.com/spanish.asp