What documentation must non-residents provide to apply for a mortgage in Spain?

The differences when applying for a mortgage for non-residents are not limited to who can do it or the conditions under which they access it, but also relate to the documentation they must provide to obtain the money.

In general terms, they must present the following documentation:

• Copy of identification document: Passport or NIE (foreigner identification number) in the case of being a foreigner, or DNI (national identity document) in the case of being Spanish.

• Last income tax return

• Bank statements from the specified period provided by the bank • Certificate of fiscal residence in the country of residence

• Certificate of Non-Residence in Spain

• Copy of the employment contract and recent payslips

• Report of the applicant’s current assets

• Credit file of the client showing the applicant’s bank debts

Additionally, all documents must be in Spanish, and the translation is the responsibility of the client.

At Wypo we help simplify all these processes and provide you with what you need to streamline paperwork to the fullest (translations of documentation, obtaining the Simple Note, property appraisal, etc.)

Requirements to Obtain Tax Residence

For an individual to be considered a resident in Spanish territory for tax purposes, they must meet at least one of these conditions:

• Stay in the country for more than 183 days in the natural year, including absences in the final count.
• The main nucleus or base of your activities or economic interests must be located in Spain, directly or indirectly.
• The legally unseparated spouse and dependent minor children must reside in Spain.

Wypo, your 100% online non-resident mortgage

Wypo is the digital platform that allows you to simulate your mortgage in Spain for free and without registration, obtaining personalized information about your financing possibilities and expenses (Spanish taxes and fees, Notary…). Additionally, you will receive a free formal pre-approval and can progress in the process with all the services you need until the Notary’s signature. In this way, you will get the best mortgage for your home in Spain.

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