Mortgage broker in Madrid
Your Mortgage Financing in Madrid with LG Finance
Are you looking to buy an apartment, a house or an investment property in Madrid?
LG Finance Credit Service, SL, a company specialising in mortgage brokerage in Spain, assists you in finding and negotiating mortgage financing with Spanish banks.
With over 22 years of experience in mortgage financing, we assist French, Spanish and international clients, both residents and non-residents.
Financing Your Property Purchase in Madrid
Whether you are purchasing a primary residence, a second home or a rental investment property, we look for financing solutions suited to your situation.
Our services include:
- Assessing your financial profile and borrowing capacity.
- Presenting your application to selected banks.
- Comparing and negotiating mortgage financing terms.
- Monitoring your application until the final signing before the notary.
We operate in Madrid and throughout the surrounding region, particularly in Salamanca, Chamberí, Chamartín, Retiro, Pozuelo de Alarcón and Las Rozas.
Mortgage Financing in Madrid for Residents and Non-Residents
Are you a Spanish tax resident?
Spanish banks can generally finance up to 80% of the accepted property value for a primary residence, subject to approval of your application.
Are you a non-resident in Spain?
Mortgage financing of up to 70% may generally be available, depending on your profile, income, tax residence and the bank’s lending criteria.
Each mortgage application is assessed individually.
Why Choose LG Finance for Your Mortgage in Madrid?
By choosing LG Finance, you benefit from a dedicated specialist in Spanish mortgage financing.
Our knowledge of Spanish banking practices allows us to direct your application towards the financial institutions best suited to your project.
We also assist with mortgage refinancing and the restructuring of existing mortgage loans, subject to feasibility.
Frequently Asked Questions About Mortgages in Madrid
Can you obtain a mortgage in Madrid without being a Spanish resident?
Yes. Several Spanish banks consider mortgage applications from non-residents, particularly French nationals and other European citizens, provided they have sufficient income and meet the required lending conditions.
How much down payment do you need to buy property in Madrid?
The required down payment depends on your tax residence and the mortgage financing approved. Non-residents should generally plan to contribute at least 30% of the purchase price, plus the applicable taxes and acquisition costs.
What are the property purchase costs in Madrid?
For an existing property, the general Property Transfer Tax (ITP) rate is 6%, subject to any applicable special provisions. Additional acquisition costs must also be taken into account.
Why use a mortgage broker in Madrid?
A specialised mortgage broker assists you with banking procedures, preparing your application and finding financing conditions suited to your financial situation.
Contact LG Finance for Your Property Project in Madrid
Are you planning to buy a property or refinance an existing mortgage in Madrid?
Calle de Serrano, 78
28006 Madrid, Spain
Contact LG Finance Credit Service, SL to discuss your project and learn more about the different stages of our mortgage brokerage services.