В настоящее время испанские банки предлагают ипотечные кредиты до 50% от оценочной стоимости по вторичному жилью, 60% по первичному и до 80% по залоговой недвижимости, в зависимости от расположения объекта и его цены. Получение кредита включает в себя несколько стадий:
В стандартный набор документов, предоставляемых покупателем недвижимости в Испании для получения ипотеки, входят:
Оценка недвижимости производится независимым экспертом и занимает до двух недель, стоимость оценки зависит от стоимости объекта (примерно 0,1% от стоимости). Принятие решения о предоставлении кредита по новому жилью и из вторых рук занимает до 1 месяца , а по залоговым объектам до 2 месяцев.
Срок кредитования зависит от возраста покупателя, и рассчитан, обычно на 15-25 лет, квота за месяц включает в себя банковский интерес и возврат капитала. На сегодняшний день средняя ставка по кредитам в Испании 3-4,5% годовых.Ставка пересчитывается ежегодно в зависимости от ставки межбанковского кредитования Euribor.
Комиссия испанских банков за открытие кредита составляет 1,5-2% от суммы кредита.
Если Вы покупаете квартиру или дом с помощью ипотечного кредита или хотите взять ипотеку под залог имеющегося у Вас жилья или коммерческой недвижимости, банк заставит Вас оформить страховку на эту недвижимость. Иначе кредит Вам предоставлен не будет. Большинство банков имеют собственные страховые компании, как, например банк САМ, или имеют тесные договорные отношения с какой-то страховой компанией, являясь ее акционерами. Так банки BBVA и Bankinter являются главными акционерами популярной в Испании страховой компании Linea Directa.
Repayment of the initial loan amount by means of a scheme of instalments, including a repayment of capital borrowed and an amount for the interest charged. According to the type of mortgage, these instalments can be fixed for the whole life of the loan or vary with interest rate fluctuation.
This means the total or partial repayment of the borrowed amount before maturity. In partial repayments, you can choose to reduce the monthly payment and keep the agreed final maturity date, or keep the same amount of instalment but shorten the term.
Once the mortgage has been repaid, the encumbrance has to be released from the Land Register. This involves costs of Notary, Register and Solicitor.
Legal charges regarding a determined property entered in the Land Register, i.e. mortgages, usufructs etc. Before signing the purchase contract, ensure that there’s no encumbrance related to that property in the Land Register.
This document certifies that the home meets minimum occupancy conditions. You will need to produce this document when contracting utilities such as water, electricity and gas.
This is a percentage of the loan discounted from the total amount when it is paid into your account, for services rendered in granting and processing the mortgage.
This fee, indicated in the mortgage contract as a percentage of the repaid amount, compensates the lender for the loss of interest payments expected for the period between the early redemption and the agreed maturity.
This is a set value throughout the term of the mortgage which is usually expressed in percentages or fractions and which is added to the value of the reference rate to calculate the interest rate for each revision for variable rate capital repayment mortgages.
This document legalises the purchase and shall be signed by both contracting parties and by the notary. The purchaser obtains a first copy of the deed once all taxes have been paid and the corresponding inscription in the Property Register has been done.
European Inter-Bank Offered Rate, an index based on the interest rate for deposits in Euros at 12 months that is published by the European Central Bank and commonly used as reference rate for variable rate mortgages.
The professional adviser who looks after dealings with the Register and the payment of taxes to the Tax Authority.
A legal charge entered in the Property Register when a real estate property is assigned to be collateral for a mortgage loan.
This tax is payable on sales transaction subject to VAT (a percentage on the deed amount) and mortgage loans (a rate on total coverage of the mortgage).
Sales made directly by a developer (newly built homes) are subject to VAT. The current standard rate is 8% on the sales value in case of private use and 16% in case of commercial use. In the case of Canary Islands instead of VAT the tax applicable is IGIC (Impuesto General Indirecto Canario).
This tax is payable instead of the VAT when the property is not newly built. In this case, the standard rate of 8% is independent of the assigned use of the property, but there are regional differences.
This base rate is, on variable rate mortgages, used to calculate the new interest rate when it is reset. Pay attention to the fact that the reference rate, together with the margin, determines the amount of the future instalments.
That is the nominal interest rate. It has to be specified in the contract whether the rate is fixed or variable throughout all or part of the loan.
Indice de Referencia de Prestamos Hipotecarios = Similar to the EURIBOR, this rate is used as reference for variable rate mortgages and published by the Banco de Espana. It represents an average rate for mortgages offered by all Spanish financial entities.
The Notary acts as the public official when signing the public deeds, such as the sales or mortgage loan agreement. He is obliged to ensure that current legislation is fulfilled and to defend the interests of the parties, particularly the borrower’s interests.
This means the frequency of interest rate resettings on variable rate mortgages, which are usually carried out once or twice a year. Plazo de amortizacion (Term or Repayment Period) The period of time during which the loan capital and the corresponding interest have to be repaid.
Usually known simply as Hipoteca (mortgage), this is a loan granted by a lender and backed by a property.
The Land Register contains all acts, contracts or legal charges referring to a property, such as ownership or encumbrances. Registro de la propiedad is also the local department responsible for maintaining the Land Register, i.e. the Land Registry.
If you have already a mortgage, but another lender offers you better terms and conditions for your mortgage, you can remortgage, i.e. transfer the mortgage and all the corresponding rights to this new lender.
This is a substitution of the debtors mortgage. That is to say, when the person who buys a mortgaged property takes responsibility for all debts and encumbrances that the seller had towards the financial institution that conceeded the mortgage.
This represents the effective cost of a loan calculated as if it were paid as one single repayment each year. It has to be indicated on any loan offer to make it easy to compare different loan offers with different characteristics (interest rate, commissions, reference rates, margins, etc.). All offers must indicate the TAE value. It will help you compare with other products and make the best and most profitable decision.
An independent surveyor company carries out the valuation of the property in order to determine the current value of the home within the property market and to specify the maximum amount that can be financed. The valuation is valid for six months after the date of issue. It is important to ask for a copy of the valuation. It is a service you pay for and you have the right to demand a copy.
That is the examination of the Land Register records of a property, verifying the legal owner and the existence of charges, such as mortgages, encumbrances, etc. The document where all this is reflected and that must be presented to the bank is the "Nota simple de cargas".