Is life insurance mandatory with a Spanish mortgage?

Taking out life insurance

Not always. Life insurance is a requirement at many Spanish banks, but there are exceptions. Often, a Spanish bank provides a discount on the mortgage interest rate when taking out additional products such as life insurance. However, the cost of this insurance in Spain can be quite high. We recommend you ask about this when you request a mortgage quote.

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Chat directly with Pedro and ask your questions about your purchase plans in Spain or Portugal. He will gladly show you the way to a successful purchase.