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Financial advice as well as mortgage finance are critical elements in any successful real estate investment abroad. From our experience we know that the financial aspects related with buying properties abroad or making a real estate investments can be very different from one country to another. Planning carefully the finance of your property purchase can save you money and protect you from spending more money than necessary. Many property buyers in Spain have lost money payments only because they have discovered that they had miscalculated their cash needs for the purchase or have been denied a mortgage which they depended on.

Farus Estates has a long term relation with one of Andalusia`s leading banks, financing clients investments. This collaboration allows us to offer the most competitive finance terms in the market, as well as advising you with precision as for your cash needs, your required payback amounts in comparison with your expected rental income.

Note: clients who wish to obtain local mortgage finance must demonstrate a steady income in their country of origin, providing official documentation, such as the annual tax declaration or pay check slips. Bank may also require detailed report including movements in of client habitual bank account as well as a letter from the bank stating client solvency.

Standard documentation required for mortgage applications

For employed persons:

Copy of passport
Copy of N.I.E. (not essential at this stage but needs to be done prior to signing deeds)
Mortgage Application Form
Credit Report (Experian, Equifax or similar)
Latest Tax return. If you are a national of a tax free country such as the Gulf States, then a letter from your employer stating length of time employed and salary
Work contract
Last 6 payslips
Bank statements (last 6 months)
Copy of title deeds for any properties
Proof of income from any properties (rental contracts)
Reference letter from your local bank

For self employed persons or persons working for their own company:

Copy of passport
Copy of N.I.E. (not essential at this stage but needs to be done prior to signing deeds)
Mortgage Application Form
Details of activity, membership or any official associations
Last year’s Tax Return. If you are a national of a tax free contry such as the Gulf States then a letter from a chartered accountant stating the period of time the company has been in existence, your involvement