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How can I calculate the costs of arranging a mortgage?

Buying a home is probably one of the most important financial decisions in our lives, due to the enormous effort involved.

In addition to the cost of the house itself, we must also consider the costs involved in arranging a mortgage. The new mortgage law introduced in June 2019 stipulates that most mortgage arrangement costs must be met by the financial institution.

Which mortgages costs are paid by the buyer?

Customers only have to pay the appraisal expenses and, optionally, the notary fees if they want a copy of the deeds.

The appraisal is an initial procedure and one of the most important when applying for a mortgage loan. This service can be performed through the financial institution or by hiring an independent appraiser. There are no legal limits on the cost of this.

Which mortgage expenses are met by the financial institution?

The bank pays all of the expenses apart from the appraisal costs. These are:

Stamp duty

This tax is calculated based on the price of the property and varies from autonomous community to autonomous community.

Notary expenses

The notary is responsible for publicly witnessing the mortgage deeds. Notary fees are regulated by the government and vary depending on the price of the property. This cost was met by the buyer until June 2019, but the financial institution has been required to meet this expense since then.

Administration costs

The agency chosen by the financial institution is responsible for preparing all of the documents and carrying out the administrative work associated with the mortgage loan.

Land Registry costs

These are costs relating to registering guarantees in the Land Registry.


Mixed mortgage

Neither yes nor no. Neither fixed nor variable.
find out more about mixed-rate mortgage

Fixed-rate mortgage

The mortgage with no surprises: fixed instalments for the entire term of your loan.
find out more about fixed-rate mortgage