The mortgage process

The best way to have a satisfactory mortgage

The journey starts here …

Mortgage Process – 6 simple steps

1st step

Initial Enquiry:

The initial conversation with Mortgage Matters Spain about the buying process and what it entails followed up with an initial illustration from us of numbers involved by e-mail. Mortgage Matters will require you to complete a fact find with your full financial details in order to analyse the best mortgage product for your needs. This can be done even before you have found your dream Spanish property.

1st step

2nd step

Documents Required:

Having had some initial discussions with the banks, Mortgage Matters will put together a full report detailing the kind of mortgage product most suitable to your needs along with a list of documents required in order to submit your application to the banks.

2nd step

3rd step

Submit Application:

We will package your application and submit it to the various banks. We can usually obtain an approval from the banks subject to valuation in 5 to 6 working days.

3rd step

4th step

Approval and Property Valuation:

We will arrange for a valuation to be done on your property on behalf of the banks and coordinate with all parties involved – (the bank’s valuer, your lawyer, estate agent and most importantly you, our client.)

4th step

5th step


We will arrange to make sure all paperwork is prepared and signed in readiness for completion and we will coordinate with all parties involved to get to completion in a timely manner.

5th step

6th step

Enjoy your new Spanish property!

6th step

The Mortgage Process – the journey towards achieving your dream home

Buying a property can be a life changing moment for many people. However, the mortgage process, especially in a foreign country can be overwhelming and complicated. Here is a simplified guide which explains each step of the mortgage process.

1. Preparation

Before starting the process, it is important to be prepared. Start by sitting down and taking a look at your own financial situation. Make sure that you have a solid credit report and enough savings to pay for the deposit and associated costs of the transaction. That will allow you to determine where your budget should be for the purchase of your new home.

2. Choose a lender

The next step is to choose a lender. Analyse and compare interest rates and terms and conditions offered by the various lenders. Make sure that they adapt to your financial needs and also that they have a good reputation for client service.

3. Application

Once you know which lender you want to apply to, send in your mortgage application. This will also require you to send in your personal and financial information such as income, debt, savings and investments. The lender will use this information to evaluate how much you can borrow and at what interest rate level.

4. Pre approval

If your application is approved you will receive a pre approval. This will give you an idea of how much you can spend on the property and sellers will consider you to be a serious buyer if you have a pre approval in place.

5. Property search

Once you have received your pre approval you can begin the property search. You should work with a reliable estate agent in order to find the properties that suit your requirements and your budget. Once you have found the perfect house, you can make an offer.

6. Valuation & mortgage approval

Once your offer has been accepted, the lender will require a valuation of the property to be carried out and they will make a final review of your mortgage application. If everything is in order, they will issue you with the final approval for your mortgage.

7. Closing of the mortgage process

This is the final step in the mortgage process. You will sign the final documentation and attend notary to sign the completion. Once this is done, you will be the owner of the property.

8. Mortgage payments

Once the property purchase is finalised you should make the monthly payments on the mortgage. It is important that you keep up to date with these payments to avoid financial problems.


The mortgage process can appear complicated but with the right preparation and guidance from a professional team, it can be successfully navigated. They key to getting through it is to be well informed and fully understand each step. So go ahead and become the owner of your dream home!

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