Buying in Spain

Our Spanish arm, Banco Hispania, can help you every step of the way.

Guide to buying a home in Spain

1. Find out how much you can borrow
2. Find your dream home and appoint a lawyer
3. Arrange your Spanish mortgage
4. A valuation is carried out
5. Receive your Mortgage Offer
6. Final Completion and Registration
7. Receive your keys to your new home!

1. Find out how much you can borrow

• Simply print, complete and return an Agreement in Principle request form to European Operations, 1A Commercial Street, HALIFAX HX1 1BW. Our UK Customer Services team will work out how much you can borrow
• They'll even send you a Mortgage Certificate stating how much you can borrow within 24 hours of receiving your details
• Don't forget to bear in mind the costs of buying in Spain. As a rule of thumb you should allow up to 13% of the purchase price when taking all costs and legal fees into consideration

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2.Find your dream home and appoint a lawyer

It's great that you've found your new home - appointing a lawyer is the next step to making your dream a reality.

Why? They'll help sort out the legal side of the purchase, complete the appropriate searches and investigations prior to agreeing the contract of sale or advising you when to sign a purchase option.

How? Banco Halifax is able to suggest a reputable Spanish lawyer (Abogado) who are used to dealing with English speaking clients,  making sure all legal requirements are clearly conveyed, understood and met. Great news to help overcome the language barrier and different laws that are in place!

Speak to our UK Customer Services team on 0845 600 3603 for further information or let us know when it's best to call you back. Lines are open Mon-Fri between 9am to 5pm.

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3. Arranging your Spanish mortgage

Banco Halifax has a UK Customer Services team who can talk you through and explain the different products and options available to you.

Great range of Spanish mortgage deals - a range of variable rate, fixed rate, interest only and tracker rate products. Plus a competitive switching mortgage offer for those who wish to transfer their mortgage from an existing Spanish lender.

40 year terms up to the age of 80 -  include lending up to 60% of the valuation of the property

Easy to apply - call our UK Customer Services Team on 0845 600 3603 or let us know when it's best to call you back.

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Your home may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt.

4. A valuation is carried out

Once your mortgage has been formally approved by our underwriters, a valuer is instructed to ensure the property is acceptable for mortgage purposes.

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5. Receive your mortgage offer

Once the valuation has been accepted by both you and the bank, a formal mortgage offer, setting out all the details and terms of the mortgage is sent to you and your lawyer.

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6. Final Completion and Registration

• The sale is formerly completed in Spain when the public title deeds of purchase are signed in front of a Notary and the final payment has been made.
• The Notary is a public official who is responsible for recording the sale on the public record stipulating the title deed has been signed in his presence and understood by all parties
• You may attend the signing of the deed in the presence of the Notary or grant Power of Attorney to a representative to attend on your behalf

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7. Receive your keys to your new home!