At Mortgage in Spain.es - Mortgage Broker, we handle the entire process online with security and ease, ensuring that international buyers can complete all steps remotely from their home country until the final notary signing.

We specialize in working with both European and non-European buyers, meaning we understand the specific documentation requirements from different countries. Spanish banks often struggle with non-resident applications due to differences in tax documents, financial statements, and income structures. Thanks to our expertise, we ensure that banks receive all necessary documents correctly prepared and fully explained, preventing unnecessary delays or denials.

We also coordinate with trusted  real estate lawyers, real estate agents,  money transfer companies, and utility registration services, ensuring that your entire property purchase is secure, efficient, and stress-free.

📌 Step 1: Online Personalized Mortgage & Budget Assessment

As soon as you contact us, we conduct a detailed financial analysis online, ensuring you don’t need to travel to Spain during this phase:

✔ Debt-to-income ratio calculation – Spanish banks apply a maximum of 35%, meaning your total monthly debt (including the mortgage) cannot exceed 35% of your net income.
✔ Maximum mortgage amount determination – We calculate how much you can borrow based on actual Spanish banking criteria.
✔ Detailed breakdown of taxes and costs – Once we determine your mortgage capacity, we calculate all taxes and purchase costs, so you know exactly how much savings you need for your deposit and additional expenses.
✔ Global documentation review – We verify that your income proof, tax returns, and financial documents are correctly prepared to meet Spanish banking standards.

💡 How we help: Our experience handling both European and non-European buyers allows us to anticipate and resolve any potential issues before submitting your mortgage application. We ensure that the bank receives a fully complete and correctly structured application, avoiding unnecessary delays or denials.

✅ Everything is done online – No need to travel to Spain until the final notary appointment.

📌 Step 2: Obtain a NIE (Foreigner Identification Number) Remotely

✔ The NIE (Número de Identificación de Extranjero) is required to buy property, apply for a mortgage, pay taxes, and open a Spanish bank account.

✔ The process can take 1 to 4 weeks, but we can connect you with a reliable online service to obtain it faster, without needing to be in Spain.

💡 How we help: If you don’t have a NIE, we guide you through the process or introduce you to a trusted provider who can obtain it for you efficiently from abroad.

✅ Entire process can be done online – No need to visit Spain to obtain the NIE.

📌 Step 3: Signing the Reservation Contract & Requesting the Property Valuation

Once you choose a property, you may be asked to sign a reservation contract (contrato de reserva) to take the property off the market while we arrange the mortgage.

🚨 Important: We help you include a mortgage contingency clause so that your reservation deposit is protected if the mortgage is not approved.

✔ At this stage, we request the official property valuation (tasación), which is essential for:

• Confirming the real market value – Ensuring that the purchase price is fair.
• Verifying that the property can be mortgaged – Checking urbanistic and legal compliance.
• Detecting potential legal risks – Ensuring there are no encumbrances, disputes, or irregularities.

💡 How we help: We coordinate the valuation with a certified appraisal company, ensuring a fast and reliable process.

✅ We manage the mortgage process remotely while you handle the reservation agreement with legal support.

📌 Step 4: Secure the Best Mortgage Offer and Obtain the FEIN Online

✔ Once we have the valuation, we negotiate with multiple banks to get you the best mortgage offer based on your specific financial situation.
✔ We present your case correctly to the banks, ensuring they understand your income structure, career stability, and financial background.
✔ Once the best mortgage offer is selected, we obtain the FEIN (European Standardized Information Sheet) – the only legally binding mortgage offer in Spain, valid for usually 30 days.

💡 How we help:

• We carefully analyze your individual situation, including your income currency, country of origin, profession, age, property type, and mortgage preferences, to identify the best banks in Spain and secure the most favorable mortgage offer tailored to your needs.
• We ensure that the bank receives complete and correctly prepared documentation, avoiding delays caused by misunderstandings of foreign financial documents.
• Thanks to our experience, we know how to structure international applications correctly, preventing unnecessary denials.
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✅ The entire mortgage negotiation and FEIN issuance is done online.

📌 Step 5: Signing the Deposit Contract (Contrato de Arras) with Full Mortgage Security

✔ Once the FEIN is issued, you can proceed to sign the deposit contract (arras contract) with total confidence.
✔ At this stage, you pay 10% of the purchase price as a deposit.
✔ This contract legally commits both parties:

• If the buyer withdraws, the deposit is lost.
• If the seller withdraws, they must pay back double the deposit.
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💡 How we help: We  connect you with trusted real estate lawyers to review the contract before signing.

📌 Step 6: Transparency Act (Acta de Transparencia) & Cooling-Off Period

✔ Before signing the mortgage deed, you must attend a Transparency Act (Acta de Transparencia) appointment at the notary.
✔ This meeting ensures that the notary explains all the mortgage terms in a calm and detailed manner, allowing you to:

• Review all mortgage conditions carefully.
• Ask any questions to ensure you fully understand the agreement.
• Avoid any surprises at the signing stage.
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  ✔ After this step, there is a cooling-off period, which depends on the region where the property is located and ranges from 10 to 15 calendar days. Only after this period expires can you sign the final mortgage and purchase deeds.
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💡 How we help: We coordinate the entire process with the bank and the notary, ensuring everything runs smoothly.

✅ Once the transparency period is completed, you can finalize the purchase at the notary.

📌 Step 7: Sign the Mortgage and Property Deed at the Notary

✔ The final step is signing the mortgage and purchase deeds (escritura) at the notary.
✔ The bank transfers the mortgage funds, and the property is officially registered in your name.
✔ We coordinate with the bank and notary to ensure a seamless signing process, so you don’t have to worry about any paperwork or last-minute issues.

💡 How we help:

• We manage the entire closing process, ensuring all documentation is correct.
• We connect you with trusted utility registration and foreign exchange companies, so you can move into your new home smoothly.
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📩 Get Expert Mortgage Advice –  Contact Us Today!

Buying a property in Spain as a non-resident doesn’t have to be complicated – Mortgage in Spain Mortgage Brokermakes the process easy, secure, and stress-free.

🔹 The entire process is online – You only need to come to Spain for the final notary signing.
🔹 Contact us today for a free mortgage assessment, and let us help you secure the best mortgage for your dream home in Spain!