Many crew incorrectly believe they wouldn’t qualify for a mortgage in Spain. However, Mallorca Mortgage Consultancy has helped hundreds of expats including yacht crew secure mortgages.
Spanish mortgages for crew
SPANISH MORTGAGE CONSULTANCY
How we can help you get started
One of our team members at United Advisers Marine will speak with you about your current situation and what mortgage value you are seeking. If your requirements are suited to the services of Mallorca Mortgage Consultancy, we will pass on your details to them.
About mallorca mortgage consultancy
Since 2009, Mallorca Mortgage Consultancy (MMC) has been arranging mortgages in Spain for yacht crew.
Based in Mallorca, the small team of four specialises in arranging finance for property purchases in the Balearic Islands. However, they also work all over Spain, often assisting clients who wish to buy in Barcelona, Valencia and the Canaries to name just a few destinations. The team is both English and Spanish speaking.
The staff at MMC are fully qualified and accredited, registered with the Bank of Spain as approved mortgage advisers. As every client and property transaction is different, MMC works with a large network of banks. This means they are able to offer the full range of mortgage options for international buyers in Spain.
What you can expect from mmc
- An initial phone call or meeting during which you will be asked for specific information. At this time, the mortgage application process will be fully explained.
- An email request for client documents in which MMC will suggest mortgage rates and conditions, and confirm how much in savings you will need to put towards the purchase.
- If required, a specialist property lawyer will be recommended. You will also receive advice about how to get a NIE (a tax number required when purchasing a property in Spain).
- The information you supply will be assessed and underwritten in our office within 24 hours.
- Mortgage applications will be made and, at the same time, a valuation of the property will be arranged.
- The final step is mortgage approval and receipt of the valuation report. This is the ‘green light’ for you to go ahead and pay a deposit to secure the property.
- The property purchase will take place approximately 6 – 8 weeks afterwards.
