What documentation does the bank ask you to apply for a mortgage?

In Spain, the documentation required to apply for a mortgage may vary slightly depending on the bank, but in general, banks usually request the following documentation:

1. DNI/NIE and personal data: It is necessary to provide a copy of the valid National Identity Document (DNI) or Foreigner Identification Number (NIE). In addition, personal data such as address, marital status, and number of family members are usually required.

2. Proof of income:

   • Salaried workers: Latest payslips and employment contract.
   • Autonomous: Income tax return, forms 130/131, and bank statements.
   • Pensioners: Certificate of income or pension payroll.

3. Credit history: Banks will review your credit history to assess your creditworthiness. In Spain, you can obtain a report from the Central Risk Information Center of the Bank of Spain (CIRBE).

4. Existing debts: Information about other debts or loans you may have at the time may be required.

5. Deposit or reservation contract: If you have already made a reservation or deposit contract for the purchase of the property, it is important to provide a copy of this document.

6. Deed of the property: If you have already selected the property, the bank will request a copy of the property deed.

7. Nota simple from the Land Registry: This document provides up-to-date information about the property, including if there are any charges or encumbrances.

8. Property appraisal: The bank usually requires an appraisal of the home to determine its true value. We recommend carrying out an independent appraisal to be able to deliver it to different entities. If it is the bank that requests it, it will only be valid for the entity and if they do not accept your mortgage, they will make you pay the appraisal.

9. Updated working life: It can be requested to confirm the applicant's job stability.

10. Bank accounts: Recent bank statements showing your financial movements.

It is important to note that this list is indicative and may vary depending on the bank. Before applying for a mortgage, it is advisable to contact the bank of interest to obtain specific information about the necessary documents and the particular requirements of each entity.

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