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UPDATED information related to Finance & Current Account Services
There has improved mortgage conditions for FOREIGN CLIENTS MORTGAGES.
Please see complete conditions below.
FINANCE TO CLIENTS
The terms of VARIABLE RATE finance are:
Amount: Max 60% of purchase price.
Clients coming from Belgium,Holland & Sweden: 70%.
Term: Up to 25 years (max 75 years of age expiration date).
Opening fee comission : 1 %
Initial Rate (first year): 2,30 %
Annual revision: Euribor + 2,00 %**
Advance cancellation fee: 0,50 %
** compulsory Life Insurance to cover amount of loan, and House Insurance to cover property basic damages.
FIX RATE finance condicions are:
Opening fee comisión: 1 %
Term: 15 years. Rate: 2,75 %
Term: 20 years. Rate: 2,90 %
Term 25 years.Rate 3 %
Documents required for the study:
--In all cases:
*Passports and NIE numbers
*Nota simple & purchase contract
*Experian Report (full updated report, including all debts and monthly payments).
--If employed:
*3 last wage slips and last P60.
* Last Tax Return if available.
--If Self-employed: *Chattered Accounts for last 2 years, and Tax Returns.
Term for the study:
This bank will give an answer to clients in 4-5 working days.
Term for completion:
Valuation report: 7 days.
Preparation of signature in Notary: 5 days.
In total, the process takes max 17 days.
CURRENT ACCOUNT SERVICES:
Documents required and services:
We will only need the following:
*Passports , and
*Activity document (pay slip or pension slip).
*It is possible open account in the distance (with scanned documents) in 24 hours.
Costs and services for current accont & Cards:
Maintenance commission: For clients receiving salary or pension in the account (min 650 eurs/month): NO COMISSION.
In other cases: 45 euros/year.
Cost of Debit/Credit Card: For clients with pension or salary: NO COMISSION.
In other cases: 30 euros/year.
Services for Current Accounts:
* Direct Debits
* English Telephone and Internet Banking Services.
* Top Up service.
*Possibility to open different currencies accounts (pounds, dollars...), even on-line.
* And the very important: All our branch employees speak perfect English.