A Spanish bank account is required for completing a property purchase in Spain. Mojo’s legal team assists buyers in opening an account with one of their trusted banking partners.
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A Spanish bank account is required for completing a property purchase in Spain. Mojo’s legal team assists buyers in opening an account with one of their trusted banking partners.
New builds are subject to 10% VAT plus 1.5% stamp duty (AJD), rather than the transfer tax (ITP) that applies to resale properties.
Yes. Company purchases are possible and in some cases tax-advantageous. Mojo’s finance department handles company establishment, bookkeeping, and ongoing tax declarations.
Yes. Mojo introduces buyers to specialist FX providers to help secure competitive exchange rates and reduce currency conversion costs on international transfers.
Yes. Mojo Sharing offers its own 80% financing option with a 24-hour approval response time and a 15-year term, designed specifically for fractional ownership purchases.
Beyond the purchase price, buyers should budget 8–12% for transfer tax (ITP at 7% in Andalucía), notary fees, land registry inscription, legal fees, and any mortgage arrangement costs.
Non-residents can typically borrow up to 60% of the purchase price including purchase costs, or around 70% of the property value alone, depending on the lender.
Approval timelines typically range from 2–3 weeks, depending on the bank and the completeness of the application documentation.
Standard requirements include proof of income, recent bank statements, valid ID, and details of the property being purchased. Mojo introduces buyers to trusted mortgage advisors who guide the full process.
Yes. Non-residents can apply for Spanish mortgages, typically up to 60–70% of the purchase price. Income, financial profile, and property valuation all factor into lender assessment.