How much will it cost me?

Besides the cost of the openning mortgage commissions, the costs outlined in the example below have to be taken into account. The first cost of those outlined in the table below is for the valuation carried out on the property. The bank will have to be put in funds once the choice of property is firm, in order to carry out the valuation. The result of the valuation will determine the exact capital the bank will lend. The deal is then next to completion. Prior to closing the deal at the Notary Public office, the bank will have to be credited with the rest of the costs.

As an example, a mortgage of 25.000.000 million pesetas will have the following costs:

25.000.000 million pesetas
Professional valuation	30.000 - 50.000 ptas
Insurance	50.000 ptas
Mortgage deed Notary fees	70.000 ptas
Mortgage deed Land Registry fees	55.000 ptas
Stamp Duty	0.5% of the compound added figure of capital, legal interests and late payment penalty interests. This compound figure can double the capital borrowed. A figure of 250.000 ptas is safe.
Deed arrangement fees:	30.000 ptas (charged by the bank´s in-house legal team).

easy2loan.com provides this brokerage service FREE from cost. The only costs that will have to be budgeted for before the choice of property has been made are those of faxing or posting of the documentation required by the bank to assess the financial standing of the applicant. Any and all other costs are dealt with the bank with no intervention of easy2loan.com, unless otherwise agreed.