Fuerteventura Mortgage and Finance

Mortgages are now readily available for non residents who wish to finance their property here in Fuerteventura.

These are the documents required to take out a mortgage in Fuerteventura

• Official Identification
• Proof of income
• If employed, your last 3 payslips and a tax return
• If self-employed, your tax return and annual accounts
• If retired, certificate stating total pension you are receiving
• Any other proof of income

These are the costs involved in arranging a mortgage

• Valuation, approximately 250€
• Opening Commission normally around 1%
• Mortgage Insurance, around 250€ per year
• Notary and Registration of the mortgage

There are many advantages to arranging a mortgage locally including low interest rates and fixed rate mortgages available. It takes normally 10-15 days to process a mortgage and it is often advisable to apply to more than one lender. Once again, the AIP property group will help you every step of the way and assist you in getting the best deal