What are the costs of arranging a mortgage?
Arranging a mortgage in Spain is slightly more expensive than in the UK and broadly you should allow 5% of the mortgage amount needed as follows; 1% Lender fee 1% Rose FS fee (minimum 1,000) 1% Notary/Registration 1.6% AJD Mortgage tax 0.15% Valuation fee Up Front 300 Booking fee Up Front As you can see the only monies needed by Rose FS to apply for the mortgage are the Valuation and Booking fees. All other costs are due at completion and will be deducted from the mortgages advance over the new current account with the lender.
