One of the most frequent doubts of people who want buy a house and they need funding for it whether the bank is going to grant them a mortgage and, if so, how long it will take to do so.
The first question will depend, mainly, on your financial situation and, therefore, on your debt capacity. The second of each banking entity and the circumstances of each particular case.
However, there are certain procedures that can be done so that the process does not take longer than necessary. We tell you what they are so you can buy your dream home as soon as possible.
How long does it take on average for a bank to grant a mortgage?
As we have just commented, the time it takes for a bank to grant a mortgage It depends on several factors, so there is no stipulated margin. Nevertheless, on average, it is usually between ten and fifteen days, which are the ones that banks need to carry out the study of feasibility and, if applicable, approve the request. However, in some cases it can last up to two months.