Everything
you should know
about your mortgage

Professional Help
& Advice

We know how important it is to be advised by professionals who speak your own language. That’s why our team is always there for you at all stages of the buying process in Spain.

Property check

Before formalising the purchase, a number of items related to the property need to be checked as to safeguard the operation. During this process, the UCI legal agents will conduct the necessary searches and verifications, and will obtain the relevant documents making sure everything is in order. No surprises!

NIE number

This is an identification number which Spanish Law requires any non-Spanish resident to have and, importantly, it is a Notary requirement in order to be able to complete any purchase.

Start House-Hunting

If you have not found a property yet, we can give you a few tips and help establish whether the property you are looking at can be financed.
Alternatively you may wnat to have a browse of our bank properties at www.bankpropertiesinspain.net on which preferencial financing is possible.

Additional Buyer
Expenses & Taxes

  • - Property valuation
  • - Land and mortgage registry fees
  • - Notary fees
  • - Solicitors fees
  • - Property purchase and mortgage tax

Insurance

You are obliged by law to take out buildings insurance on the property to safeguard the property. In addition, at UCI we can offer you extensive contents cover. UCI also offers you Title Deed Insurance.

Making an offer

If you are sure this is the property for you, make an offer directly to the estate agent. If it is accepted, you must make a down payment and sign the deposit or reservation contract.

Arranging
property valuation

The property valuation is a very important stage of the buying process. On one hand, it can influence the amount you can borrow, and on the other hand, it helps you guarantee that the purchase price is adequate. An authorized surveyor will visit the property and will draw up a survey report.

Conveyance

After our solicitors have checked the legal title and made appropriate searches to check that there is nothing that would adversely affect the property and its value, they will arrange the deeds in the notary and ensure previous outstanding debts, if any, are cancelled.

Required documents
to obtain your UCI Loan

    Generic Documents

  • Passport or Identity card.
  • Experian credit report authorization for UK signed and original returned back to UCI. For others countries where Experian operate, Experian credit report signed on every page. If not credit report from another legally certified provider stating all liabilities.
  • One utility bill (one for each household if living in separate addresses).
  • Evidence of savings and other income.
  • If available, copy of the Purchase Contract detailing the conditions of Sale.
  • If available, deeds or “Nota Simple” (land registry document) of the property to be purchased.

    Employed applicants

  • Last 6 pay-slips
  • Last P60
  • Last 6 months day-to-day bank-statements
    (in which income and other mortgage/loan/rent payments appear; include more than one account if applicable)

    Retired applicants

  • Last P60
  • Pension letters
  • Last 6 months day-to-day bank-statements
    (in which income and other mortgage/loan/rent payments appear; include more than one account if applicable)

    Self employed applicants

  • Last tax return
  • Accountant references and Balance sheets/income statements
  • Last 12 months day-to-day bank-statements
    (in which income and other mortgage/loan/rent payments appear; include more than one account if applicable)
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