Mortgage Info

General Mortgage Information

The majority of Banks on the Costa del Sol are generally willing to lend up to 70% (non-residents) of
valuation/price of property (usually whichever is lower).  Be aware that in addition you will have to fund 10%
of the purchase price. This is the amount needed for Transfer Tax (7%), Notary Fees (1%), Land Registry Fees
(1%), Lawyer fees (1%).  Therefore the total amount that you will need in savings for the purchase of a
property in Spain will be around 40% of the purchase price.

For any queries on the Mortgage Process please do not hesitate to
Contact us
Propex Spain
Your Property Experts on the Costa del Sol
Tel-0034 952 933206 or 0034669769794