Get Your Spanish Mortgage Translated

spanish mortgage translated
(Last Updated On: October 23, 2023)
This appointment does not exist.

So, you are happily married to the love of your life? And now you both want to buy your own house but don’t have enough money to get your dream home? Well, don’t worry at all! You definitely have some saving but as they aren’t enough now; But can you can get some loan from a bank and buy you house, right?

Above all, you can get a Spanish mortgage for the exchange of some interest; it will be going to a life-changing decision and it will make your life easy. A lot of Spanish banks and loan companies are offering different types of mortgages. You can sign whatever you need. Checkout our latest post about 25 Spanish Words impossible to translate!

When it comes to asking for a loan to purchase a property, you might have to go through several complications. Spanish banking systems have always been very strict when it comes to legal procedures. If you don’t have any idea how to get or sign for a mortgage, or if you are a foreign buyer don’t worry!

In write-up will guide you about how to get it? What are the requirements and procedures and all that? So tuned and read it till the end. Let’s start!


Signing out a mortgage is one of the most significant financial decisions one will ever make. So, it’s crucial to understand what you’re signing when you borrow a mortgage loan to buy a property. A mortgage is a loan that you borrow from a bank or other financial organization to purchase property assets.

buy house spain translation
spanish buy house language problem

A mortgage loan includes monthly payments; if you don’t make a mortgage payment to the lender, the lender can sell the home and recover the money. When it comes to its working a mortgage contains two primary elements i.e. principal and interest. The principal is a certain amount of loan that a person borrows from a lender to make a purchase.

For example, if you buy a $500,000 home and borrow it all from the lender, that’s the principal. The interest is what you have to pay to borrow the mortgage cost or you can say that the interest is the money you pay as a mortgage fee. The borrower pays the loan back to the lender at regular intervals, in form of monthly payments that consist of both principal and interest costs. The mortgage interest rate depends on the lender.


There are several types of mortgage options available in Spain, the most common out them are:

Repayment mortgage

All the loans, Spanish Banks offer are of repayment in nature. In Spain, the terms and conditions between 20 to 25 years are the standard time for a mortgage with a maximum age of 75 years. The Spanish property market is a competitive mortgage market so, it varies from bank to bank. Some lenders restrict the age to 65 years and some of the lenders require the minimum age of 65 at the start of the loan.

While other lenders offer longer loan terms within the portfolio to make sure more and quicker capital is paid off, where the borrower can easily pay the repayments. As the age of a borrower has restrictions, there is a limitation of maximum loan as well. The maximum loan value is 70% and some lenders limit it to 60% for non-tax residents in Spain.

Interest-only mortgage

Interest-only mortgage was once available in Spain but now it has been disappeared from the property market. In some rare cases, Spanish Banks still consider a short term of interest within 6 months to 1 year. Some of the banks in Spain that still offer construction or self-build mortgage allow interest-only mortgage payments during the construction period to a maximum of 24 months.

Fixed-rate mortgage

There are two types of fixed-rate mortgages available in Spain that is, fixed-rate where the rates are fixed no matter if the market rates fluctuate and the other one is variable rates where the rates are fixed just a particular time period and change when the market rates expire. Spanish banks have shifted towards the fixed-rate and mostly full term fixed rates are offered.


Most of the larger Spanish banks such as Banco Santander, Caixa Bank, Central Hispano AND Banco Bilbao Vizcaya Argentaria, offer Spanish mortgage to non-residents.

spanish mortgage translation
spanish mortgage

If you are planning to buy a Spanish property, you can also secure a Spanish mortgage through international banks or the Bank of Spain. When it comes of buy a Spanish property, make sure to start early and shop around. The official mortgage procedure starts after the sales agreement has been reached.

There are a lot of financial products available for non-residents in Spain; the terms of specific property may have some limitations on while you can qualify to make a purchase. Whenever you are signing a mortgage contract, you will need to get a mortgage application.

The documents you may need are NIE number, Proof of your income, a pre-approval letter, proof of paid property tax, details, and proof of current or any previous mortgage, copies of your property deeds (in Spain or where ever it is), proof of current assets such as bank statements, any prenuptial agreement, settlement statement or any property insurance papers.

When a foreigner buys a property all the documents need to get the translation. Make sure to get the accurate translation to avoid any inconvenience in legal proceedings. After you submit all the documents to the bank and everything gets under proceedings, the bank will make a mortgage offer.

If the offer doesn’t suit you, you can look for better options in the market; you will find great competition among mortgage lenders. A considerable competition for mortgages will find you a better offer for sure.


The Federal Housing Finance Agency, Fannie Mae, and Freddie Mac offer Spanish translations of Fannie Mae/Freddie Mac Uniform instruments to help the non-Spanish lenders and residents. It helps to maintain a balance between non-Spanish buyers and Spanish resident consumers to become homeowners.

The purpose of the translation is to complement the English-language documents, a mortgage buyer would sign. As Fannie Mae Mortgage Modification added mortgage translation in the requirements and if you finally decided to get a Spanish property, get your mortgage translated. When it comes to the translation of legal documents, it is very important to make sure to get an accurate and word-to-word translation.

A single mistake can lead to several misunderstandings; it will cause serious complications and will block your Spanish loan. So, to make sure the quality and accuracy of your mortgage translation, you need to hire a well-reputed and reliable translation service provider. They have professional legal translators who know how to maintain the flow and style of the original document in the translated documents.

They specialize in the language field and are fluent in both English and Spanish language; that’s how only they can provide the best possible translation. A good and accurate translation will guarantee you a Spanish mortgage; so you have to be very careful while hiring a translator. Otherwise, in the end, it will be you who have to face the consequences just because of the negligence of a translator.

translation services spanish with buy house

If we can help you with any questions, please feel free to contact us


Our privacy policy

Keep in touch


Contact Us 24/7

Translation office in Miami
Request quote