Lending Criteria & Requirements
What a bank looks at before approving, explained without small print.
Applicant profile
The bank assesses your ability to repay before it looks at the property. These are the factors that weigh most.
- Recurring income and its stability
- Debt-to-net-income ratio
- Credit history and absence of defaults
- Job tenure or self-employed track record
The deal
The asset and its valuation determine how much can be financed.
- Official property valuation
- Down payment and source of funds
- Intended use: home, investment or rental
- Registry status and charges on the asset
Usual documentation
What you will be asked for once you decide to move forward. We prepare and submit it for you.
- ID/NIE and employment history
- Recent payslips or tax returns
- Recent bank statements
- Property title extract and deposit contract
Non-residents
If you do not reside in Spain, financing usually covers a lower percentage and additional documentation from your home country is required. We handle it with the institutions that work this profile.