I am buying with another applicant. Is that OK?

Can I get a joint mortgage?

As with most other countries, it is commonplace for there to be more than one applicant for a mortgage. However, there are some things to note before you proceed.

A Spanish mortgage lender will assess a joint application using the age of the eldest applicant to calculate the mortgage term in years. This can make it more difficult for a mortgage to be taken out over a longer term, for example, in the case of a father and a son purchasing a property together.

Buying a property in Spain with a spouse, partner or sibling is also fine. You may even consider a joint mortgage with a friend or other person known to you, but you would need to consider your relationship (financially and personally / professionally) carefully.

Buying with more than one applicant can be harder but is possible.