Mortgages & Financial

We can arrange your bank loan based on your personal financial situation and requirements – quickly, efficiently and with no fuss or worry.

Not only are we experts in helping you choose your new villa or apartment, we will also help you throughout the entire process of purchasing your new home. Our extensive and personal service includes:

• Arranging your appointments with your lawyer and the notary
• Arranging a completion date for your purchase
• Accompanying you to sign the deeds at the notary
• Helping you open a local Spanish bank account
• Advising you and arranging your mortgage
• Applying for your NIE numbers

Generous mortgages can still be obtained of up to 70% of purchase price. We use the services of a tried and trusted Mortgage broker, who is totally independent and who will search for the best option on the market. Mortgage approvals will be given within a few days and valuations within one week.

In this current market, where property prices are at there lowest level for some time and excellent bargains can be had, there is no reason to miss the boat through lack of a mortgage. A great way of releasing either a one-off lump sum and/or a monthly income against your property is …

EQUITY RELEASE

Hot Property’s preferred bank will consider an equity release for any resident of 60 years of age and over. In addition, for those over 65 years, there are no taxes to pay. No payments will be made for the life of the recipient. The policy can be cancelled with a fee of 0.5% in the first five years and 0.25% from five years onwards. Avoid the stress and worry, and talk to us in a relaxed atmosphere. We will look after your interests!

ARRANGING YOUR FINANCE 

We recommend that you arrange your loan in principle before you start searching for your home in Spain. We will find a mortgage that suits your requirements, at the lowest possible rate, ensuring you have the funds in place once you have found the property that matches your specification.

The bank will request proof of identity and earnings – usually your last three month’s salary slips, P60, bank statements, your passport and an employer’s reference. If you are self-employed, you will need to accounts for the last two years with a statement from your accountants, recent tax returns and personal bank statements plus your passport. You will also need the offer letter or sales contract and a Nota Simple. We will do the rest so you can enjoy the excitement of buying your home in the sun!