Mortgage Non-residents in the European Union receive mortgage loans from the Spanish banks for 20-25 years at an annual rate 3.5-4.5%. They can be processed in two or three weeks. To obtain the mortgage we need the following documents: 

1. Income declaration in Spanish or English. It must contain the passport, salary in euros, stamp and signature. The income must be superior to 3,000 euros monthly. 
2. Certificate of properties you have in your country. i.e: I have a real estate in London at the official price of 250,000 euros, I have X car, X parking, etc. The mortgage loan characteristics are fixed in the Property Register, which is the document in the State Register. The person who receives the credit must pay the following charges: - Valuation cost - Deed checking in Property Register - Notary fees - Taxes - Expenses in Commercial Register entering - Commissions in credit opening - Commissions in bank account opening and maintenance - Formalization in tax payment - Insurances. We must contract a fully comprehensive, property or fire insurance. Some banks require a life insurance too. - Interests

• Interests can be fixed or variable. Fixed keeps stable throughout the all loan life, meanwhile variable changes depending on stock value.
• To analyze different mortgage credits we must pay special attention to TAE, that represents the tax of real interest and takes into account the bank commissions, as well as its form and payment period. - Credit cancellation. These are the most important cancellation aspects:
• Credit Validity: Period in which we return the credit.
• Period of installment payments: Intervals existing between payment and payment; usually is monthly.
• Anticipated cancellation of credit: It’s possible to pay the credit before finishes the devolution term.
• Expenses because of taxes and notaries act, necessary to enter in the Register of Companies. - Interests on payment delay - Formalization of credit mortgage Documentation necessary for individuals
• National Document of Identity (DNI), passport or card of residence.
• Purchase Contract  • Copy of the deeds of the property.
• Certification of the charges issued by the Registry office.
• Last declaration of the IRPF. • Judgment of divorce or certificate of marriage.
• Economic Accreditations: income, patrimonial properties, accounts and savings, etc. Necessary documentation for self-employed. The persons, who quote like self-employed, will have to contribute the same already mentioned documentation and add the following one:
• Discharge in the fiscal License • two or three complete declarations of the IRPF
• Last instalment payments of VAT or IRPF