Mortgage FAQs

Mortgages

We answer all your questions about the procedures involved in taking out a mortgage, as well as everything else you need to know when buying or selling a property.

Over how many years should the mortgage be repaid: 15, 20 or 30? See Over how many years should the mortgage be repaid: 15, 20 or 30?

How does a mortgage risk profile influence the granting of a mortgage? See How does a mortgage risk profile influence the granting of a mortgage?

How are mortgage reviews carried out? See How are mortgage reviews carried out?

How can I calculate the costs of arranging a mortgage? See How can I calculate the costs of arranging a mortgage?

How do I know the best time to buy a house? See How do I know the best time to buy a house?

How can I sell my house if there is a mortgage on it? See How can I sell my house if there is a mortgage on it?

How do I know if the flat or house I want to buy is worth the asking price? See How do I know if the flat or house I want to buy is worth the asking price?

How is the cadastral value of a home calculated? See How is the cadastral value of a home calculated?

How do I apply for a mortgage grace period? See How do I apply for a mortgage grace period?

What mortgages are there for foreigners and non-residents? See What mortgages are there for foreigners and non-residents?

Buying a home with a mortgage and renovating it See Buying a home with a mortgage and renovating it

What is the maximum mortgage I can obtain? See What is the maximum mortgage I can obtain?

What is the difference between a personal loan and a mortgage? See What is the difference between a personal loan and a mortgage?

What fees are usually involved in applying for a mortgage? See What fees are usually involved in applying for a mortgage?

How much does a home appraisal cost? See How much does a home appraisal cost?

What are the differences between mortgages and mortgage loans? See What are the differences between mortgages and mortgage loans?

What is a mortgage grace period? See What is a mortgage grace period?

What is mortgage payment protection insurance? See What is mortgage payment protection insurance?

What should I consider when comparing mortgages? See What should I consider when comparing mortgages?

Is it a good idea to buy an inherited property? See Is it a good idea to buy an inherited property?

Can I extend my mortgage? See Can I extend my mortgage?

Can I change the terms and conditions of my mortgage? See Can I change the terms and conditions of my mortgage?

Up to what age can I apply for a mortgage? See Up to what age can I apply for a mortgage?

Can I claim tax relief on my mortgage? See Can I claim tax relief on my mortgage?

What is the purpose of a mortgage guarantee? See What is the purpose of a mortgage guarantee?

Why take out mortgage-linked life insurance? See Why take out mortgage-linked life insurance?

Can I buy a house and build an extension? See Can I buy a house and build an extension?

Can I request a second mortgage if I am still paying for the loan on my first home? See Can I request a second mortgage if I am still paying for the loan on my first home?

What criteria determine the mortgage risk profile? See What criteria determine the mortgage risk profile?

What criteria does the bank rely on when deciding whether to approve a mortgage? See What criteria does the bank rely on when deciding whether to approve a mortgage?

What should I ask the seller when buying my home? See What should I ask the seller when buying my home?

What should I consider if I invest in a house to let? See What should I consider if I invest in a house to let?

What should I bear in mind if I want to buy a property that comes with tenants? See What should I bear in mind if I want to buy a property that comes with tenants?

What is the difference between net floor area and gross floor area when buying a house or valuing it? See What is the difference between net floor area and gross floor area when buying a house or valuing it?

What are the differences between fixed-rate, variable-rate and mixed mortgages? See What are the differences between fixed-rate, variable-rate and mixed mortgages?

What documents do I need to supply to apply for a mortgage? See What documents do I need to supply to apply for a mortgage?

What documentation or steps must be taken after signing a mortgage? See What documentation or steps must be taken after signing a mortgage?

What is an Energy Performance Certificate? See What is an Energy Performance Certificate?

What is mortgage spread? See What is mortgage spread?

What is Euribor and how does it affect me? See What is Euribor and how does it affect me?

What is the tax on legal mortgage documents? See What is the tax on legal mortgage documents?

What is mortgage tax? See What is mortgage tax?

What is a mortgage floor? See What is a mortgage floor?

What is the mortgage value? See What is the mortgage value?

What is the Mortgage Law (Ley Hipotecaria)? See What is the Mortgage Law (Ley Hipotecaria)?

What is the APR and what is it for? See What is the APR and what is it for?

What is borrowing capacity? See What is borrowing capacity?

What is the mortgage arrangement fee See What is the mortgage arrangement fee

What is a withdrawal fee? See What is a withdrawal fee?

What is the fee for a mortgage subrogation? See What is the fee for a mortgage subrogation?

What is a guarantor mortgage? See What is a guarantor mortgage?

What does dissolution of a joint ownership arrangement mean? See What does dissolution of a joint ownership arrangement mean?

What is mortgage subrogation? See What is mortgage subrogation?

What is mortgage securitisation? See What is mortgage securitisation?

What is a zero debt certificate? See What is a zero debt certificate?

What is a certificate of outstanding debt? See What is a certificate of outstanding debt?

What is a home equity loan? See What is a home equity loan?

What is an open mortgage? See What is an open mortgage?

What is a bridge mortgage? See What is a bridge mortgage?

What is a nota simple and what is it for? See What is a nota simple and what is it for?

What is a mortgage novation? See What is a mortgage novation?

What is a mortgage pre-approval? See What is a mortgage pre-approval?

What is an arras contract and what is it for? See What is an arras contract and what is it for?

What are the costs of applying for a mortgage? See What are the costs of applying for a mortgage?

What are the costs of taking out a mortgage for a new home? See What are the costs of taking out a mortgage for a new home?

What mortgage indices are used in Spain? See What mortgage indices are used in Spain?

What is the waiting period for mortgage payment protection insurance? See What is the waiting period for mortgage payment protection insurance?

What are the ITE and IEE? How do they differ? See What are the ITE and IEE? How do they differ?

Which products are combined with the mortgage? See Which products are combined with the mortgage?

What are mortgage indices and what mortgage indices are there? See What are mortgage indices and what mortgage indices are there?

What types of mortgage are there? See What types of mortgage are there?

What do I have to do at the end of my mortgage? See What do I have to do at the end of my mortgage?

Who takes part when a mortgage agreement is signed? See Who takes part when a mortgage agreement is signed?