Mortgage Fundamentals

What is the mortgage offer reflection period?

The mortgage offer reflection period, usually between 10 to 14 days, allows you to review the terms, seek advice, or withdraw from the agreement without penalties.

In most of Spain, this period is 10 days, but in Catalonia, it is 14 days due to regional laws. The reflection period ensures that you fully understand your commitment before proceeding.

Mortgage Fundamentals

What is the mortgage offer reflection period?

The mortgage offer reflection period, usually between 10 to 14 days, allows you to review the terms, seek advice, or withdraw from the agreement without penalties. In...

Mortgage Fundamentals

How long does it take to get a mortgage in Spain as a foreigner?

Getting a mortgage in Spain usually takes about two months. Here's the process in a nutshell: • Pre-approval and offer: About 14 days after applying, you'll get a for...

Mortgage Fundamentals

Do I need an NIE to start the application or to get pre-approval?

You can start the process without an NIE, but getting it as soon as possible is better. Spanish banks use the NIE to input your details into their system, especially...