What do I need to apply for a mortgage as a non-resident?

• Copy of your Passport
• Copy of your NIE or Residencia
• Copies of the last 3 months bank statements, showing your declared income
• Details of any investments or assets you might have
• Proof of Pensions (if applicable)
• If you are employed you will need to provide the last three months wage slips
• The latest P60
• If you are self-employed you will need to provide the latest SA302 or the last annual accounts certified by a Chartered accountant
• An Experian report
• The difference between the purchase price and the mortgage will need to be transferred into a personal private bank account provided by the lender
• A nota simple

How Much Can I borrow?

Non Resident

Normally a non-resident can borrow 70% LTV subject to survey

If you can demonstrate very strong income most banks will consider lending more

If you by a banc reposition you can sometimes get 100% finance

As a Resident?

90% LTV in exceptional cases.