A SPANISH BANK ACCOUNT

In order to buy property in Spain, it is necessary for you to have a Spanish bank account.

MG Villas has a long working relationship with many of the most popular banks and can help you when you come to decide. This is especially important when you are taking out a euro mortgage as it is advisable to open up an account with a bank offering the most competitive package that will suit your needs. Against a range of countries, Spain mortgages are cheaper to set up and to maintain than British or foreign accounts.

To give you an idea of the monthly mortgage instalments that you might expect to repay we are able to give you an estimate over a chosen period of time.

When buying property in Spain or taking out a mortgage it is necessary to have a N.I.E. number. We can assist you in obtaining this number.

Our After-sales service will do everything for you in transferring all the utilities into your name and your Spanish bank account will be set up to pay all the direct-debits for the property, such as the Electric, water, and telephone etc, giving you complete peace of mind throughout the year.

When opening a Spanish bank account, you will need your passport and a small opening deposit. Debit cards and online banking are readily available.