1-BED 1-BATH DETACHED COTTAGE (rent direct from owner)
1-Bed Detached Cottage (all bills included) CASA SIERRA – ALHAURÍN…
825€ pcm
In Spain, monthly mortgage repayments should not exceed 33% (one-third) of your net monthly income.
Residents typically need a 20% deposit plus 10%–15% for taxes/fees, non-residents 30%–40% deposit plus closing costs.
Most mortgages must be fully repaid by the time you reach 75 years old.
Banks in Spain impose stricter borrowing constraints on non-residents due to higher risk if they default on their loans.
Some banks refuse to issue mortgages to buyers earning in foreign currencies, as managing non-Euro currency income can be complex.
When calculating a maximum loan amount, Spanish banks strictly use the lower value between the actual purchase price and the official property appraisal.
There is a prerequisite for foreigner buyers to obtain an NIE before a bank can draft a formal binding mortgage offer (FEIN).
4 Comments
Mark Greenwood
on said
Hi, is this still available? Regards
Staff
on said
Hi Mark, yes, just posted. Please speak with the owner direct using the contact details above. Regards ‘The Team’
Sue
on said
Hi, what does it mean -maintained by owner- thx
Staff
on said
Hi Sue. In this case, the owner will ensure that the orchards and trees etc. within them are all taken care of by a gardener, so whoever is living there can enjoy the fruit etc without the worry of the upkeep of the area. Hope that helps. Regards ‘The Team’