Our site does not offer any quick calculation tools to determine your mortgage options. From experience we know that these sorts of calculations are unreliable and inaccurate. Spanish banks use assessment methods that do not fit the automatic calculation models. This is why we offer personalized advice and bespoke calculations.

Our calculations and assessments always start and are based on your financial situation. A different assessment method will be applied to an employee than to a self-employed applicant. Also, if your income consists mainly of passive (rental) income, yet other methods will be used to calculate the mortgage possibilities for you in Spain.

Spanish Mortgage Calculation: what are the main differences with other countries?

√ Proof of income and (current housing- and credit costs) prevails
√ Spanish Banks calculate with net income
√ Using own funds when purchasing Spanish property is required
√ ‘Interest – only’ mortgages are not offered
√ The fixed interest rate is equal to the mortgage term
√ A valuation is always required. If this is lower than the purchase price, the mortgage is based on the valuation.

Assessment method Spanish banks

From our years of experience with Spanish banks, we have gained insight into their calculation tools and assessment methods. This enables us to calculate your Spanish mortgage options accurately.

Mortgage Spain calculation – income as an employee

When you are employed by a company that is not yours, an annual statement together with the latest P-60 prevail to determine the total (net) income.

Additional earnings like extra hours, bonuses and allowances will be taken into account, however a different factor will be applied than the fixed income. If it can be demonstrated that the extra income is of a structural nature it may still be possible to include it with the total income.

What are the most important conditions for a mortgage in Spain?
Do the Mortgage Quick Scan – Results within 48 hours