How long does it take to get an Agreement in Principle (AIP)?

It will normally take one to two weeks to get an AIP

In Spain, it will usually take one to two weeks to gain a mortgage offer. The loan to value can be a factor in how long this takes, as the higher this is, the more risk the bank will be exposed to, and more extensive assessments of risk will be undertaken.

If the value of your potential property purchase is above a certain threshold, for example, one million Euros, then the bank may pass the application through two or three different risk analysis teams.

To avoid putting yourself through too much pressure when applying for a mortgage in Spain, we always advise contacting us in good time to process the application in the time frame you are seeking. This means we can get you the best mortgage offers on the market.