Mortgage Paperwork Required
The documents required to complete the mortgage will vary from bank to bank. Most will not require all the documents listed below, however, for completeness we have included a comprehensive list of what could potentially be requested from you:-
EMPLOYEES
1.Copies of last 3 months’ bank statements showing income and payment of regular commitments
2.Bank reference letter, which confirms the length of the relationship with the bank and that the accounts are maintained satisfactorily
3.Last 3 months’ payslips
4.If employed in the UK - last two P60s plus tax return* if applicable
5.Proof of at least 2 years’ permanent employment with current employer (e.g. reference from employer)
6.If less than 2 years in current job, details of previous employment
7.Credit Report (either Experian or Equifax for UK history AND/OR CIRBE for Spanish history)
8.Proof of funds for the purchase, e.g. deposit in savings account
9.Last annual mortgage statement for any properties in the UK
10.Last 3 months’ mortgage statements for any properties in Spain
11.Photocopy of passport or Spanish Residency Card (Tarjeta de Residencia)
12.Utility bill proving residence at current address for last 3 months
13.NIE certificate
14.Nota Simple and Escritura
15.Purchase Contract
16.Solicitors details
17.Estate agents details
18.Completed application forms
19.Signed copy of Mortgage Direct´s Terms & Conditions
* Confirmation(s) required from tax authority of return(s) submitted (e.g. statement of account from UK Tax Authority). If last submission has not yet been confirmed by tax authority, previous years’ confirmations are also required.
SELF-EMPLOYED
1.Letter from chartered accountant confirming net profit, salary and dividends, as appropriate, for last three years
2.Personal income tax assessments for the last 3 years
3.Credit Report (either Experian or Equifax for UK history AND/OR CIRBE for Spanish history)
4.Proof of funds for the purchase, e.g. deposit in savings account
5.Last annual mortgage statement for any properties in the UK
6.Last 3 months’ mortgage statements for any properties in Spain
7.Photocopy of passport or Spanish Residency Card (Tarjeta de Residencia)
8.Utility bill proving residence at current address for last 3 months
9.NIE certificate
10.Nota Simple and Escritura
11.Purchase Contract
12.Solicitors details
13.Estate Agents details Last 3 months’ mortgage statements for any properties in Spain
14.Completed application forms
15.Signed copy of Mortgage Direct´s Terms & Conditions
ADDITIONAL INFORMATION WHICH COULD ALSO BE REQUIRED
1.If a UK Limited Company (or Spanish SL registered), last 3 years’ accounts and a letter from chartered accountant confirming figures, personal drawings, profits and dividends
2.If in retirement, proof of all pension income received in the past 2 years
3.Last 2 years proof of rental, investment or other income
4.Details of other loans, mortgages or debts in Spain, including payment certificates from the bank in respect of past 3 payments
5.If a re-mortgage, copy of the Escritura and Nota Simple
6.If a commercial or new-build mortgage, details of the building or business project and copy of the Seguro Construccion Decenal (10-year construction insurance)
