What documentation does the bank require 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 ask for 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: Pension income or payroll certificate.

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 Centre 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. Earnest money or reservation contract: If you have already made a reservation or earnest money contract for the purchase of the property, it is important to provide a copy of this document.

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

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

8. Property Appraisal: The bank usually requires an appraisal of the home to determine its true value.

9. Updated Work History: It may be requested to confirm the applicant's job security.

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 for specific information on the necessary documents and the particular requirements of each entity.

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