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What will it cost?

Spanish mortgages attract a range of ancillary costs, including:
  • Mortgage title deed tax – 1.8% of lending
  • Notary & Registration Fees – average 0.5% of lending
  • Nota Simple – 42 euros
  • Valuation costs – between 250 euros and 800 euros, depending upon the value of the property
  • Buildings Insurance – variable
In addition, you will pay a bank opening fee (normally 1% of the mortgage capital, although this can rise depending on the complexity and risk value of the product).

When you see the purchase price of a Spanish property, you will need to add approx 10% for standard purchase costs (things like vat, legal fees, stamp duty, notary and registration fees), PLUS these additional mortgage costs. This can mean that you will need to add a total of approx 11% - 14% to the price of the property if you are seeking to obtain a mortgage in Spain.
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