Mortgage for new builds
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Get financing for your home at Banco Sabadell
Advantages of mortgages for new-build properties
Advantages
Project-specific financing
Mortgages on new-build homes can offer financing advantages, especially in cases where energy efficiency is a priority. Keep in mind that the specific terms of the mortgage will vary depending on the project and the characteristics of the property.
Plus, since these are new properties, they don't usually need repairs in the short term, so you can enjoy your new home from day one.
Plus, since these are new properties, they don't usually need repairs in the short term, so you can enjoy your new home from day one.
Opportunities
Appreciation potential
Off-plan properties may have appreciation potential, especially if they are located in developing urban areas or areas in high demand. The resale value will depend on multiple factors, such as market conditions and each property's specific characteristics.
Simulate your mortgage with Banco Sabadell now and discover your personalised repayment plan1
Shall we help you calculate the type of mortgage, the expenses and how much money we could lend you? Start by choosing where you are in the process:
Have you now found the house you want?
The result of this simulation will be advertising and indicative based on provisional data. To prepare it, we will base ourselves on current market conditions and on the data that you provide us through the next screens. If you want to apply for a mortgage once you see the result of your simulation, you should contact us for more information and receive your personalized offer.
The granting of the loan, its amount and the repayment period for each transaction requested will be subject to the bank’s risk analysis.
The granting of the loan, its amount and the repayment period for each transaction requested will be subject to the bank’s risk analysis.
Apply for an off-plan mortgage in just 4 steps
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Once your application has been reviewed and approved, you will be able to sign the mortgage contract and the deed before a notary.
Discover Banco Sabadell’s mortgages
Fixed-rate Mortgage
With the peace of mind of knowing that you will pay the same instalment every month.
Find out more
Variable-rate mortgage
With a monthly instalment that is linked to the evolution of the market.
Find out more
Mixed mortgage
Unaffected by interest rate increases at the beginning, but flexible to adapt to the market afterwards.
Green Mortgage
Build or energy renovate your first or second home.
Self-promotion Mortgage
Choose whether you prefer to finance it with a fixed or variable rate mortgage.
Non-resident Mortgage
For those living abroad and wanting to buy a second home.
Do you want to switch your mortgage?
We answer your most frequently asked questions
How much can my mortgage cover?
As a general rule, the mortgage can cover up to 80% of the purchase price or the valuation (the lesser of the two) for a first residence. The financing percentages tend to be lower for second homes.
How much should my monthly mortgage expense be?
The maximum total debt-to-income ratio (mortgage, personal loan, etc.) is not recommended to exceed 35%.
What are the discounts and how can they benefit me?
At Banco Sabadell we offer some services (discounts) that help to lower your mortgage interest rate (APR). You can take out one or more, but the more services you take out, the lower your interest rate will be. The services that include discounts are: direct deposit of salary, taking out Life Insurance, Home Insurance and Payment Protection Insurance.
What documentation do I need to submit to apply for my mortgage?
- Your national identity document (DNI/NIF).
- Proof of other income, if you have it (rent, commissions, interest on accounts, overtime, etc.).
- The last 2 bills of your regular payments indicating outstanding balances (mortgages, personal loans, credit cards, alimony and maintenance payments, rent payments, other debts, etc.).
- Work history. You can request this through the Social Security website or by calling 901 502 050. If you are employed, submit your last income tax return and your last 2 payslips/pension receipts.
- If you are self-employed, you will need the tax return for the last 2 years and the quarterly income tax and VAT payments for the current year.
- If you are not a Banco Sabadell customer, we will need a bank statement for the last 6 months from your usual account (pay slips, main bills, etc.).
Glossary: NIR, APR and other mortgage-related concepts
- APR (Annual Percentage Rate)
The total cost of the loan for the borrower, expressed as an annual percentage of the total amount of the loan granted, plus related costs, as appropriate, equivalent, on an annual basis, to the current value of all future and existing commitments, such as drawdowns, repayments and costs, agreed upon by the lender and the borrower.
- NIR (Nominal Interest Rate)
The amount paid to obtain an amount of money as a loan (or received to lend it) expressed as a percentage of said amount.
- Euribor
Interest rate applied by European banks when they lend money to each other. It is used as a benchmark figure for part of the interest rate for variable mortgages.
- Valuation of the property
An expert determines the real value of the home you are going to buy.
- Registry verification
The Property Registry checks the status of the property you are going to buy. This will confirm whether the property is free of charges such as mortgages and analyses the data on its situation, property and ownership.
Valuation of the property
An expert determines the real value of the home you are going to buy.
Registry verification
The Property Registry checks the status of the property you are going to buy. This will confirm whether the property is free of charges such as mortgages and analyses the data on its situation, property and ownership.
FIPRE (pre-contractual information sheet)
This is a document with information on how mortgage loans work. It’s given to you before you perform a simulation of the future mortgage.
What steps are involved from the moment you choose your mortgage to the moment you sign it?
You can find a description in this guide with the 7 main steps involved from selecting the type of mortgage to the day it is signed.
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Legal conditions
1. The personalised price included in this assessment is neither binding nor a substitute for the European Standardised Information Sheet (ESIS).