{"id":33924,"date":"2023-01-31T12:25:25","date_gmt":"2023-01-31T11:25:25","guid":{"rendered":"https:\/\/www.cbleon-abogados.com\/documentation-required-to-apply-for-a-mortgage\/"},"modified":"2023-01-31T12:25:25","modified_gmt":"2023-01-31T11:25:25","slug":"documentation-required-to-apply-for-a-mortgage","status":"publish","type":"post","link":"https:\/\/cbleon-abogados.com\/en\/documentation-required-to-apply-for-a-mortgage\/","title":{"rendered":"Documentation required to apply for a mortgage"},"content":{"rendered":"<p><strong><span style=\"color: #000000;\">Taking out a mortgage is a very important form of credit in today&#8217;s society. It is a financial product that you should know well in order to enjoy the benefits it offers.<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">In this sense, there is a universal protocol for the initial procedure that includes a series of requirements that allow for guarantees and understanding between the parties. It consists of a guarantor means for the financier and applicant to achieve structure.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Tabla de Contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/cbleon-abogados.com\/en\/documentation-required-to-apply-for-a-mortgage\/#Typical_requirements_to_apply_for_a_mortgage\" >Typical requirements to apply for a mortgage<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/cbleon-abogados.com\/en\/documentation-required-to-apply-for-a-mortgage\/#Applying_for_a_mortgage_effectively_an_easy_task_to_tackle\" >Applying for a mortgage effectively, an easy task to tackle<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Typical_requirements_to_apply_for_a_mortgage\"><\/span><strong><span style=\"color: #000000;\">Typical requirements to apply for a mortgage<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">Before applying for a mortgage, consideration should be given to the analysis aspects that the lender will have for the applicant. These evaluations give reliability of compliance on the part of the applicant.<\/span><\/p>\n<ul>\n<li><strong><span style=\"color: #000000;\">Saving of the <a href=\"https:\/\/cincodias.elpais.com\/cincodias\/2022\/11\/21\/companias\/1669059622_263984.html\" target=\"_blank\" rel=\"noopener\">minimum percentage of the value of the property<\/a>. General rule around the financial premise that contemplates a maximum to be lent on the value of the property and leaves the remainder to the applicant.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000000;\">Stable job. A condition required by financial institutions as a guarantee that the borrowed money will be repaid.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000000;\">Good salary. A determining factor in bank evaluations for loans, a stable financial balance is considered if the applicant devotes less than 35% of his or her income to debt repayment.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000000;\">Good credit history. Evaluation element in order to check if the applicant has current loans and how the applicant&#8217;s payment relationship to these commitments is.<\/span><\/strong><\/li>\n<\/ul>\n<p><strong><span style=\"color: #000000;\">After these aspects, the usual documentation can be compiled in order to create the process dossier. This is a point that can be variable, but there is always a fundamental list that includes:<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\"><strong>1. Personal identification: DNI or NIE.<\/strong>  Personal document that proves identity for residents in Spain and is essential for administrative procedures in general.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>2. Purchase and sale or lease of the real estate.<\/strong>  Document that establishes the economic conditions through a series of specific clauses agreed between the owner and an interested party.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>3. Income tax return.<\/strong>  Annual yield process that residents must comply with before the State to determine the taxes to be paid.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>4. Ownership report.<\/strong>  Technical analysis prepared by a certified technician that determines the condition of the property and its value.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>5. Energy Efficiency Certificate (EEC).<\/strong>  Document prepared by a technician specializing in the area to determine the energy characteristics of a given property.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>6. Home insurance.<\/strong>  A policy that covers the risks of a property, which, although they may vary, usually include those associated with fire, theft, water damage and civil liability.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>7. Summary of financial and work life.<\/strong>  Characteristic documentation of finances and work showing professional stability and financial solvency to meet credit obligations<\/span><\/p>\n<p><span style=\"color: #000000;\">This documentation is the one that can be taken as usual when seeking access to a mortgage. It is a set that can include variants depending on the figure you have:<\/span><\/p>\n<ul>\n<li><strong><span style=\"color: #000000;\">Employee. A current employment contract must be attached, and proof of additional income if applicable, in addition to payroll for the last 3 months.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000000;\">Self-employed. VAT returns for the previous period, quarterly VAT payments for the current period and the latest social security receipts must be attached.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #000000;\">Society. Corporate income tax for the previous year, tax returns for the current year and balance sheet of the company&#8217;s economic situation must be attached.<\/span><\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">As you can see, it is a variable file, so it is advisable to contact the financial entity with which you intend to mortgage to confirm the documents that will be needed for this purpose.<\/span><\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Applying_for_a_mortgage_effectively_an_easy_task_to_tackle\"><\/span><strong><span style=\"color: #000000;\">Applying for a mortgage effectively, an easy task to tackle<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-33919 size-full\" src=\"https:\/\/www.cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva.jpg\" alt=\"Applying for a mortgage effectively\" width=\"2000\" height=\"1333\" srcset=\"https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva.jpg 2000w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva-300x200.jpg 300w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva-1024x682.jpg 1024w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva-768x512.jpg 768w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva-1536x1024.jpg 1536w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva-370x247.jpg 370w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2023\/02\/Pedir-una-hipoteca-de-manera-efectiva-760x507.jpg 760w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/><\/span><\/p>\n<p><span style=\"color: #000000;\">You are now more than aware of what you need to do to effectively apply for a mortgage. It is a process that requires prior preparation to be a potential candidate for approval.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">In the end, the key recommendation is to seek counseling if you find the process complicated. The likelihood of accessing this loan product depends largely on the first contact with the financier.<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taking out a mortgage is a very important form of credit in today&#8217;s society. It is a financial product that you should know well in order to enjoy the benefits it offers. In this sense, there is a universal protocol for the initial procedure that includes a series of requirements that allow for guarantees and understanding between the parties. It&hellip;<\/p>\n","protected":false},"author":5,"featured_media":33917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[170],"tags":[],"class_list":["post-33924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/33924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/comments?post=33924"}],"version-history":[{"count":0,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/33924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media\/33917"}],"wp:attachment":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media?parent=33924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/categories?post=33924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/tags?post=33924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}