CREDICHALET

To apply for the Credichalet, 100% of the land must be owned by the loan holder(s), or otherwise it must be bought when the loan is signed.

The customer will also need to have a building licence when formalising the loan.

No, you can't. When signing, the loan holders must fully own the land, or, if, not they will have to purchase it at the same time as signing the loan.

No, the building permit is essential to be able to formalise the loan.

No, this essential document ensures that the mortgage is perfectly noted in the property registry.

Maximum term of 30 years as long as none of the holders is over 75 years old when the loan matures.

Deferment period of up to 24 months available if it is a variable-rate loan. If it is a fixed-rate loan, the grace period is 18 months.

Application details:

• Completed and signed financing application form
• Signed pre-contractual information sheet (copy to be returned signed by all parties involved).
• If the application is made in Andalusia, all parties involved must sign a copy of the contractual information document before returning it.

Identifying data:

• National ID card, Tax ID no. or residence card of the applicants
• Marital status information. If married in an economic regime which includes premarital agreements, a copy of them must be submitted. For the status of separated or divorced, a copy of the regulatory agreement and/or judicial sentence must be provided.

Economic data (employee):

• Photocopy of the last 3 payslips or proof of receipt of a pension
• Photocopy of your employment history, when you have been at your company for less than 4 years and/or seniority is not stated on your payslips.
• Photocopy of the income tax return (IRPF) from the last fiscal year.
• If submitting a declaration of assets, a photocopy of it.

Economic data (self-employed individuals):

• Photocopy of registration for tax on economic activity (known as IAE).
• Photocopy of quarterly VAT and personal income tax (IRPF) returns, as well as the annual summary
• Photocopy of the income tax return (IRPF).
• If submitting a declaration of assets, a photocopy of it.

In both cases:

• Photocopy of the property tax receipt (IBI), if you have other properties in your name
• Photocopy of property lease contract (if applicable).
• Photocopy of the last 3 receipts, if there are other debts in your name (loans, leasing, etc.). In case of subrogation, as well as the last three loan payment receipts, a copy must be provided of the deed for the mortgage loan that will be subrogated.
• Photocopy of proof of other types of income: Pensions from other countries, etc.

Plot details:

• Photocopy of the title deed of the plot, if there is no sale transaction
• Land registry report of the updated plot registration. If there are encumbrances, the last three loan receipts and balance to cancel before signing
• Building project, building permit and budget for the execution of works
• Project appraisal
• Fully comprehensive building insurance

What documentation do I need to provide on the day of signing before a notary?

• Fully valid ID card/tax ID number or foreign-national residence card
• Custom information sheet and binding offer
• Complementary custom information document.