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Terms and Conditions

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Mortgage Applications: Once you received a free mortgage valuation from Overseas Mortgage Shop, S.L. and you decided to take advantage of our services offered you will bear the following costs and charges:  

1. Costs for property survey carried out by an external surveyor.

Those costs vary according to the size and value of the property. You will be asked to deposit an amount for the valuation in our third party account before your application is being processed. Should no survey be carried out the deposit or any overpaid sums will be refunded.

2. There is an administration fee for our services to be agreed on a case to case basis

Documentation: The following documentation has to be provided, subject to each individual case, once the mortgage process starts.

 About yourself:

  • A passport copy of all applicants

  • A copy of your NIE number (in case you do not possess a NIE number we are able to apply for one on your behalf for a small charge)

  • A list of all properties you possess in Spain and  the deed of purchase (escritura de compraventa)
     

 About the property:

  • Any contract you have signed or are supposed to sign regarding the property you would like to buy showing where the property is registered (Land Registry).

  • A recent copy of the Land Registry (Nota simple) of the property that will be charged with the mortgage – must not be older than three months

  • Any deed (escritura) regarding the property (declaración de obra nueva, declaracion de division horizontal, escritura de compraventa, etc.)

  • Latest I.B.I. certificate (yearly property tax)

  • In case you wish to finance any building or modification of an existing property: a detailed quote including material, if applicable the building permit, the project with plans, and further licences.


     

In case you are employed:

  • Latest P60

  • Last three payslips (the period covered must not be inferior than three months prior to the mortgage application)

  • Copy of your employment contract

  • Bank statements of the last twelve months prior to the mortgage application
     

In case you are self employed / free lance:

  • Tax return for the two years prior to the mortgage application

  • Last two year Balance sheets and annual accounts

  • Letter issued by your accountant confirming your net profit and Projection for coming year

  • Bank statements for the last twelve months prior to mortgage application
     

In case you are the Managing director / employee of your own   company and you receive income from that company:

  • Latest P60 / tax return

  • Last three payslips (the period covered must not be inferior than three months prior to the mortgage application)

  • Copy of your employment contract

  • Bank statements of the last three months prior to the mortgage application showing that your receive the income from your company

  • Bank statements of the last twenty four months prior to the mortgage application showing that your receive the dividends from your company

  • Last company accounts

  • Copy of the company house / Certifiacte of good standing
     

In all above cases: Information from the CREDIT BUREAU

IMPORTANT NOTICE: PLEASE ALLOW AT LEAST FOUR TO SIX WEEKS TO RECEIVE THE MORTGAGE.

ANYBODY WHO PROMISES YOU TO GET THE MORTGAGE READY IN A SHORTER PERIOD OF TIME IN ORDER TO PERSUADE YOU TO SIGN AN OPTION CONTRACT (PRE - CONTRACT) WITH A VERY CLOSE DEADLINE WILL SERIOUSLY PUT IN DANGER YOUR INTERESTS AND YOU MAY END UP LOOSING YOUR DEPOSIT TO THE VENDOR!!

After the mortgage has been finalized we will destroy all documentation sent to us. This does not apply to your passport and NIE number, which we are obliged to keep for five years according to the Spanish tax legislation. 

Web Content: This website is owned by Overseas Mortgage Shop, S.L. The whole content on the website of www.omssl.com is published for the purpose to provide general information on the services provided. A binding contract of service is not made by solely reading or downloading of the content shown, nor by the transmission of an Email to @omssl.com nor one of this members or employees. A binding contract of service is only made upon receipt of a written confirmation of a contract of service signed by a representative of Overseas Mortgage Shop, S.L.. Without such a written confirmation no advice whatsoever will be given nor services rendered.

Nothing in this website shall constitute an offer from us for the advance of any monies, whether secured or otherwise.

While we have taken all reasonable steps to ensure the accuracy and completeness of the information on this website, information is provided on an "as is", "as available" basis, and we give no warranty and make no representation regarding the accuracy or completeness of the content of this website. Consequently, we accept no liability for any losses or damages (whether direct, indirect, special, consequential or otherwise) arising out of errors or omissions contained in this website. Further, no representation or warranty is given that the website shall be available on an uninterrupted basis, and no liability can be accepted in respect of losses or damages arising out of such unavailability or for any failure of performance, error, omission, interruption, defect, delay in operation or transmission or line or system failure. Also, we accept no liability in respect of losses or damages arising out of changes made to the content of this website by unauthorised third parties, and we make no representation or warranty regarding the accuracy, functionality or performance of any third party software that may used in connection with this website.
No legal advice in whatever way with the content published on this web site is given.
If you send a message to one of the Email addresses shown on the web site, we advice you that this message will not be encrypted and will therefore be insecure. You should not send personal information via Email if you intend to keep the content of this message secret.  In case Overseas Mortgage Shop, S.L. receives an Email form you we do assume that you wish to communicate with us via this insecure means of communication.
You are wholly responsible for the use of this website by any person using your computer and you must ensure that any such person complies with these terms and conditions.

Personal Data: All personal data are voluntarily provided by the user. This web site does not use "Cookies". All information provided will only be used for the purpose of providing legal services by Overseas Mortgage Shop, S.L.. Third parties will not have access to those data except for the banks we are working with in your special case.  All information stored is upon written request revealed to the user and deleted if so applied.

General Information on the Service Provider and Regulated Professionals - According to the  "Electronic Commerce Directive" (00/31/EC) & Electronic Commerce Regulations 2002 (Statutory Instrument 2002 No. 2013)

Service Provider: Overseas Mortgage Shop, S.L.
VAT N°.: ES-B-57383754
Company House: Registro Mercantil Palma of Mallorca n° PM 52996
Address: C/Hostals, n° 16 bajos, E-07002 Palma de Mallorca
Sole Managing Director (Administradora única): Tres Rios, LLC
Tel: +34-971 77 45 22
Fax: +34-971 57 51 77
E-mail: office@omssl.com

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Overseas Mortgage Shop, S.L.
C/Hostals, n° 16 - bajos
E-07002 Palma de Mallorca
Tel: +34-971774522
Fax: +34-971575177
Email: office@omssl.com