Mortgages in spain are only valid for 3 months so be careful if your completition date extends you may find the mortgage offer is not valid. Watch out fo rthe additional charges we just had a mortgage approved on another property near Vera see the costs below
192.800 euros 80% balance
13.496 euros 7% IVA (tax)
4.338 euros 1.8% Stamp, Notary & registry
1.747 euros 50% Legal fee
212.381 euros total
Mortgage cost
3.186 euros bank fee
4.248 euros stamp duty
1.062 euros notary
8.496 euros total,
Hope this helps, we went through Capital Financial Partners who were recommended by MRI, from experience we will shop about the next time we require a mortgage as we were told originally when we purchased the property we could apply for a loan to value, and with the captial appreciation by the time we have to complete the value of the property will have increased so mortgage would not be a problem. We are are aware polcies change and the banks are getting stricter with mortgages to foreign nationals. also the valuation of properties are difficult to value and they are all over the place. so the banks are more or less giving 70% of the valuation price or 80% of the purchase price.
This is a guide line something to compare with anyway and i hope you all find it helpful.
M