Advantageous mortgage or the chance for foreigners to buy the property in Spain.

While the financial crisis has paralyzed the global banking system. And banks are exerting every effort to return the granted loans. And there is no question to receive the loan, banks have stopped lending completely. The Spanish Gouvernment has done everything possible to revive the property market, and make the purchasing process simple and convenient.

Today anyone can buy property in the resort of Spain for cash or the mortgage. Hearing the mortgage, our people run skin crawl. But a Spanish mortgage is very different from the usual. First of all terms of registration, interest and maturing.

- Spanish banks provide foreigners 50-60% of property value by 3% per annum. Differs significantly from our 17-27%.

- The maximum maturity is 25 years with the possibility of early repayment

- Pay just 10% and the bank begins preparing the credit registration.

And in order to receive the loan, it’s not necessary to run to the all instances and collect hundreds of useless papers. You need provide 4 documents:

1. NIE (the unique number of foreigner).

2. Certificate of employment with the information about length, position and salary preferably write the salary, in which the monthly fee for the loan won’t exceed more than 30%).

3. Form 2NDFL

4. Movement in bank accounts for the last 3 - 6 months.

If the customer is an entrepreneur, he must provide the latest income certificate.

Reading this information, begin to think, that it’s better to buy the qualitative and comfortable property in Spain than buy the flat in the noisy, dirty city and that invest such sum to start live there.

If you are interested in this information, you can always visit the most visited real estate portal in Spain. And choose one from the 130,000 aded exactly what you like. And if suddenly you won’t find anything suitable for yourself, you can always leave a request and within 3 days the agents will find exactly what you dream about!