Getting a Mortgage in Spain
Ask a Spanish bank about a mortgage: how much you can borrow, fixed or variable, the down payment and the paperwork.
In Spain banks usually lend up to 80% of the property's value, so you need savings for the entrada plus around 10% more for taxes, notary and registry. You choose between tipo fijo, variable (linked to the Euríbor) or mixto, and banks lower the rate if you move your nómina and take their insurance. These cards follow a first meeting with a bank adviser and a chat at home afterwards.
- 1
Queríamos informarnos sobre una hipoteca.
We'd like to find out about a mortgage.
- 2
¿Cuánto nos podríais prestar?
How much could you lend us?
- 3
¿Cuánto me podéis dar en mi caso?
How much can I borrow in my situation?
- 4
El piso cuesta doscientos mil euros.
The flat costs two hundred thousand euros.
- 5
Tenemos ahorros para la entrada.
We've got savings for the down payment.
- 6
Tengo contrato indefinido.
I've got a permanent contract.
- 7
¿Qué nos conviene más, fijo o variable?
Is it better to go fixed or variable?
- 8
Con tipo fijo siempre pagas lo mismo.
With a fixed rate you always pay the same.
- 9
El variable sube y baja con el Euríbor.
The variable one goes up and down with the Euribor.
- 10
¿De cuánto sería la cuota mensual?
What would the monthly payment be?
- 11
¿A cuántos años la queréis?
Over how many years do you want it?
- 12
Tendríais que domiciliar la nómina.
You'd have to move your salary to us.
- 13
¿El seguro de hogar es obligatorio?
Is home insurance compulsory?
- 14
¿Hay alguna comisión oculta?
Are there any hidden fees?
- 15
¿Qué papeles necesitáis?
What documents do you need from us?
- 16
Traed las tres últimas nóminas.
Bring your last three payslips.
- 17
¿Nos podéis hacer una simulación?
Could you run a simulation for us?
- 18
Lo pensamos y os decimos algo.
We'll think it over and get back to you.
- 19
Tendremos que apretarnos el cinturón.
We'll have to tighten our belts.
- 20
No quiero que nos ahoguemos con la hipoteca.
I don't want to be up to our necks in debt.