Which mortgage criteria handle Spanish banks?

Criteria / requirements for a mortgage in Spain

Generally, you can take a maximum of 35% of your total (combined) net income to total gross residential and/or credit expenses spend on a mortgage. Here, Spanish banks look at the charges of the Netherlands and Spain combined. This is also called your DTI (debt-to-income ratio). You can easily calculate this yourself via our free financing check.

In addition, the Spanish bank looks at the continuity of your income. You have to prove income for the past two years. Future income is not taken into account.

Criteria specific to holapedro

The member banks of Mortgage in Spain Direct also apply the following criteria for joint clients:

  • Minimum purchase price is €80,000 for a property
  • The property to be purchased is a finca urbana, or in few cases a finca rustica.
  • Primary purchaser's age is not higher than 65 (due to repayment period for foreigners)

Pedro is at your service

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.