Build first, then borrow? It rarely works like that
Financing a new build in Spain follows its own rules. The money is released in stages as the work progresses, the plot and the construction can be treated as separate parts of the deal and your residency status affects what a bank will lend you. Most buyers only learn this halfway through, once decisions have already been made and money is already committed.
In this session John Wolfendale of Eco Vida Homes sits down with the team at Habeno, a Spanish mortgage broker who arrange finance for international clients every week. Between them they answer the questions buyers ask most often, so you can plan with real numbers instead of guesswork.
The questions we answer on the day
We will work through each of these live. The questions are below. The answers are in the session.
How much of the construction cost can a bank finance, and how is the money released in stages?
Answered liveDo you need to buy the plot in cash first, or can the land be included in the mortgage?
Answered liveWhat documentation is needed, and at what stage does formal approval actually happen?
Answered liveAs a non-resident, does that change what you can borrow or how you are assessed?
Answered liveDoes the structural method matter to a lender, for example timber frame or modular construction?
Answered liveHow does a construction mortgage work in practice, and how long does the whole process take?
Answered liveWho is running it
John Wolfendale
British Chartered Surveyor with over 30 years working in Spain. John designs and builds energy-efficient villas and guides international clients through the parts of the process that catch people out.
Habeno
Habeno specialise in arranging Spanish mortgages for international clients, including construction mortgages. They know what banks ask for and where applications tend to stall.
Registered but busy on the day? The full recording goes to everyone who signs up, so you can watch it whenever it suits you.
Want a mortgage assessment with Habeno?
You do not need to wait for the webinar. If you would like Habeno to assess you for a Spanish mortgage, you can start through their Eco Vida Homes partner page.
Get assessed with Habeno