A mortgage loan? Cash?
Equipo Inmo-Platinum
Equipo Inmo-Platinum
The way you buy a property in Spain depends on your available capital and mortgage capacity. You can either purchase with a bank loan or with cash. Even if you have the funds to buy outright, financing is often recommended to keep liquidity and possibly access a higher-value property.
For residents, banks usually finance up to 80% of the lower amount between the purchase price and the appraised value. Buyers must contribute the remaining 20% plus 10–15% for purchase costs such as taxes, notary, and registration.
For non-residents, banks generally finance between 60% and 70% of the property value. This means you should have 30–40% in savings, plus 10–15% for transaction expenses. Mortgage terms for non-residents are shorter, usually 20–25 years, and interest rates can be slightly higher.
In all cases, a NIE (Foreign Identification Number) and full financial documentation are required.
After more than 15 years of experience in the real estate sector working in the province of Madrid and the Costa del Sol, Maribel Bautista and Inmaculada Ruiz launch the Inmo-Platinum project in 2019.
Maribel Bautista is a real estate lawyer, and head of the Legal and Mortgage Department.
Inmaculada Ruiz has a degree in Law and is responsible for the Department of Coordination and Administration.
Together with commercial specialists in each area, at Inmo-Platinum we try to build solid relationships with our clients, always based on credibility and trust so that, throughout the process of sale or rental, we respond effectively to their demands. Together, with our team, we consider ourselves fellow travelers capable of guiding, guiding and dispelling doubts. We will be by your side from the first moment to help you make a good decision about your home.
Since our origin we have helped many families and legal entities to function in the real estate world. Specialized in the new construction market, we pride ourselves on the one hand, on knowing the market well, and on the other, on training ourselves day by day in this complex scenario. Maribel Bautista is ETI (Real Estate Technical Expert), Master in Real Estate and Urban Law, specific training as Real Estate Agent, Civil and Commercial Mediator, Prevention of Money Laundering and Master in Quality Management, specializing in Owners' Associations.
Currently, he is training on Mortgage Management, approved by the Bank of Spain, and a master's degree in business management. Inmaculada Ruiz has a Master's Degree in Real Estate Business Administration and Management, Real Estate Judicial Expert and Real Estate Accounting. Services we offer: - Real Estate Advice - Real Estate Personal Shopper - Real Estate Legal Advice - Mortgage Advice - Home Staging - Advice on Decoration - Asset Management - Rental Management - Free registration of supplies in new acquisitions - Golden Visa Currently we are 4 agents and several external collaborators who manage the offices of Majadahonda (which covers the northwest area of the community of Madrid) and the Costa del Sol.
OUR ADDRESSES
C/ Vaguada del Arcipreste 2 bis, 28220, Majadahonda (Madrid), Telephone: +34 911-599-706
Calle Virgen del Rocío s/n, Marbella, Málaga 29670, Telephone: +34 951-419-974
What do I need to know to apply for a mortgage loan?
A home loan or mortgage consists of obtaining money to buy, refinance or improve a home.
What are the expenses associated with buying a home?
There are several expenses associated with buying a home. When deciding to buy a house, it is essential that you know and take into account, at least, the four types of basic expenses.
New, used, or pre-construction properties?
Among the possibility of buying properties, there are mainly the following.
