Законодательство и налоги

Mortage

Mortgage crediting is the fine financial tool allowing you to make your dream about your own dwelling to come true, not waiting for a long time. It is possible to obtain a credit for the period of 30 years.  Average rate - Euribor + 0, 75% annual (December 2008 ~ 3.6% ). Volume of credit can reach 70% and more from property’s cost. Tax for transfering of mortgage makes up 0.5% from its volume and tax for concluding a new mortgage contract makes up  3%.  

To give mortgage banks ask for the following documents:

• Active foreign passport

• Information about incomes on the company’s letter-head.

• Contract  of realty’s purchase  

• NIE

If you ask for a big credit,  it is desirable to present  photocopies of documents confirming that you  own  either property, or car,  or some kind of business/company.   

Average monthly income must be at least 3 times as much as monthly credit payments.  

Credit payments as well as bank interest charge off  property owner’s account monthly in accordance with terms of mortgage contract.

Obtaining of mortgage, as to its magnitude, can be compared with property purchase deal. As in case with purchase a contract Escritura de prestamo hipotecario is concluded. The contract, as well as a purchase deed, is registered in Register of Property, and signed at one time with title deeds in presence of Public Notary.