these are the documents you need

When one considers requesting a mortgage, it is time to negotiate with the bank. The entity must analyze the specific banking situation to approve or deny the loan. To carry out this analysis, banks require a series of documents, which will depend on the nature of the applicant. They will be different if it is an employee, a self-employed or a company. With them, the person must prove that you are able to afford the payment of the mortgage in the medium and long term. For this, it is recommended that the payment does not exceed 30% of the total monthly income received. These are the documents in question:

• Tax identification number (DAYS or NIE if you are a foreigner)
• last statement of income (IRPF)
• If the person requesting the mortgage already have some propertyyou must present the deed of the same.
• If something has already been ordered loanYou must provide all the documentation you have in this regard.
• Bank statements recent
• Property information, such as the deed,
• if they have additional incomedocumentation must be provided
• If you live in a rented address, it is common for the bank to request the rental contract, as well as the receipt of the last monthly payments.

These are the documents that the bank requires, but the paperwork may increase in some cases, for example, if the applicant is salaried worker. In this case, the following must be added to all the previous documentation:

• Work contract
• Las nominas of the last three months

the freelancers, on the other hand, they must provide: latest Social Security payment receipts, annual VAT and personal income tax return. If the person requesting the mortgage is a companythe Corporation Tax of the past year must be provided, the balance of accounts, where the situation of the company is reflected and the split tax declarations, such as VAT or Corporation Tax.