The mortgage is the tool that allows us to finance the purchase and sale of a property. In this post we are going to give the keys to the documentation to apply for a self-build mortgage.
In the case of the construction of a prefabricated or modular home, this is called a development mortgage and is granted to the owner of the land or plot (or authorised) to carry out the construction.
To build your own house we talk about autopromor mortgage, if you want to know more click here here
Like all mortgages, the study of granting a self-builder mortgage requires a risk analysis.
Employed person it will be necessary to el employment contract and the working life to know data such as the company and sector, professional category… and very important the length of service.
Thepay slips, the last 3, are the proof of income which, together with the Last income tax return (MOD. 100), indicate the amount of annual income from work and other income that could increase our taxable income.
With the tax return, they will also be able to check other real estate, financial assets andCon la declaración de renta, también podrán contrastar otros inmuebles, activos financieros y other mortages.
In addition, we will sign a autorizatión to he bank request the CIRBE, This will list all the loans that we have been informed of by the different banks to theBanco de España, from 1.000€.
In the case of a own-account worker (self-employed), we will also have to provide the income tax return to verify annual income, other income and possible mortgage.
In addition, We will have to submit the quarterly summaries of theour activity, each 3 monthsis presented VAT return MOD. 330 and personal income tax return MOD. 130 .
The annual summarymust be provided (the IVA MOD. 390 and IRPF MOD. 190 of the last year and quarters of the current year.
In the case of self-employed companies (directors of commercial companies) the last 3 payslips shall be provided. 3 últimas nóminas together with theincome tax return of the last year presented.
In addition, you can ask us for the documentation of the company of which we are administrators.
if you are pensionist, you must provide thepension certificate and he (income tax return) of the last year
It is in this section that we have the most notable differences. On the one hand, the documentation of the plot of land that we must have ownership of.
Documentation of the plot, title deed of the plot and updated Nota simple.
We remind you that the plot has to be urban in order to be able to build our house on it.
Construction project (basic and executive), which will be drawn up by an architect and approved by the corresponding Architects’ Association.
Construction budget, the construction company will draw up a construction budget, which will be the reference for the payment of taxes to the Town Hall where the plot is located.
Building permit and planning permission from the Town Hall, it is with the granting of the building permit that we can start building our house.
Insurance contracts, the bank will ask us to take out insurance such as theDecennial Insurance (covers possible construction problems during the 10 years following completion of the work), the company will carry out checks to validate proper execution.
Is important note that the bank, in order to guarantee the execution of our house construction project, will reserve from the self-builder mortgage a percentage of approximately 10%-20%. of the amount granted to deliver after completion of the construction and registration in the land register
Certificate of completion, this document is issued by the architect once the construction company has completed the work.
The certificate of occupancy or Licence of first occupation and Energy Efficiency Certificate will also be issued by the architect or company contracted for this purpose.
Supply registration bulletins,
These will allow us to provide our house with electricity, water and gas supplies. The Licence of First Occupancy and the title deed with the inscription in the Land Registry must be provided.
With the Build Lovers Method we will accompany you so that you can obtain all this documentation easily and in a timely manner.
