When buying in Spain having a financial mortgage approval will greatly enhance your ability to negotiate on price and ensure you know your exact maximum budget, the costs you must consider and ongoing monthly commitment your purchase will entail.
Most buyers will incur costs of flying to Spain and accommodation whilst there when searching for a property. Incurring unnecessary expenditure just to find you are unsure of what your budget could be, unable to make an offer because you are unsure of what you can borrow or are unaware of buying and mortgage costs can be avoided by obtaining before looking for a property a Spanish mortgage financial approval.
Being prepared financially will confirm your ability to raise the necessary funds, outline terms of the product and ensure you can be clear of exact budget. It will put you in a position to inform any seller your finances are in place making you a more attractive buyer than one who does not have finances secured.
With loans more difficult to obtain than a few years ago having a financial approval will ensure you can buy the best properties at the best possible price and move quickly to secure it.
For a written 24-hour approval in principle complete this form