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Remortgaging and refinancing in Spain

After putting up for years with a bad mortgage deal I have finally researched the market and made the move. I've waved goodbye to one spanish bank and went to a better one. I'll be blogging my 2p worth of knowledge I got from the experience.

Documentation needed for subrogacion mortgage
Wednesday, March 23, 2011 @ 4:29 PM

Just a quick note to point out certain documentation points that you may not be aware of.

The same documentation that was used to contract your original mortgage has to be used for the linked / subrogacion mortgage. I.e. if you used your NIE and passport to take out the original loan, you will need to bring both your NIE and passport to the notary, otherwise it cannot be confirmed that you are the same person.

Another point is that if the original loan was made to 2 persons, say husband and wife, then again both have to be named on the subrogacion mortgage. I know this sounds too obvious but many have been fooled into believing that "the obvious" is what is done in Spain to their detriment!

Keep your money safe!

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