Should I find a property before applying for a mortgage?
It is always a good idea to start applying for a mortgage in Spain in good time prior to travel or looking at properties.
This is because you could miss out on the property you have identified, as it takes time to gather the required documentation and get an answer from the bank. Someone else could buy the property while you are waiting, and it is a good idea to know how much you can borrow before you start searching for a house. You should always know the loan amount that can be granted and all the rates and parameters of the loan so you have the full knowledge of what can be achieved.