Spanish Property Valuation for mortgage purposes 

Overseas Living Group
Spanish Mortgage Guide Property Valuation

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Property Valuation For Mortgage Purposes
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Property Valuation for mortgage purposes

The bank will require that the property has an independent valuation by a bank approved valuation expert. This will be used to determine the amount of money that can be offered against this property. Usually up to 80% for full status and 65% for self-cert. It is interesting to note that the purchase price and the valuation figure may not be the same. The valuation may be 10% or 20% above the purchase price especially if you have purchased off-plan and the property has risen in value since you agreed the purchase price. In such a case 80% of the valuation may be equal to 100% of the purchase price or even more. The Spanish mortgages offered will be based on the valuation figure so there is, in theory, the possibility to get 100% plus mortgage funding.

If you have any questions or would like a mortgage quote we will be pleased to help. Please contact us using the following form Spanish Mortgages Enquiry