No result, no invoice.
Our fee is 1 % of the loan actually arranged, payable only if the financing goes through. No IVA. No upfront payment. No handling charge if it does not work out.
In short
What does arranging the mortgage cost?
1 % of the loan actually arranged — not of the purchase price — payable only if the financing completes. No IVA, no upfront payment.
What if no loan materialises?
Then you pay nothing. The fee is success-based and agreed in advance, before the first application is submitted — no approval, no invoice.
What other costs are there?
Transfer tax (ITP), or IVA plus AJD on a new-build, notary and land registry, valuation and your lawyer or gestoría — paid to third parties, not to us, and generally not financed alongside the loan.
What does arranging a mortgage in Spain or Portugal cost?
The fee for arranging the financing is 1 % of the loan actually arranged — not of the purchase price — and it is payable only if the financing goes through. If no financing materialises, you pay nothing: no upfront payment, no handling charge, no IVA. If the loan ends up smaller than planned, the fee is smaller too. It is paid by you, not by the bank — and that is precisely what settles the question of loyalty: anyone paid solely by the banks works for the house that pays best, not for the case that fits best. The amount is fixed before the first application is submitted. Separately, purchase costs arise that do not go to us — transfer tax, notary and land registry, the valuation (tasación), and your lawyer or gestoría.
Mortgage advisor Spain — the calculation in one sentence
If the financing completes, you pay 1 % of the loan amount actually arranged — not of the purchase price. If the loan ends up smaller than planned, the fee is smaller too. If no financing materialises, you pay nothing.
| Loan arranged | Fee (1 %) | Payable |
|---|---|---|
| €200,000 | €2,000 | on completion |
| €350,000 | €3,500 | on completion |
| €600,000 | €6,000 | on completion |
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
Because otherwise we would owe our loyalty to the bank, not to you
In the Spanish and Portuguese non-resident market, a broker paid solely by the lenders effectively works for whichever bank pays best — and sends you there, rather than to the lender where your case actually fits.
Our fee comes from you. That settles the question of loyalty — and it lets us tell you when a property or a constellation does not hold, without honesty costing us money. How much the broker-arranged route costs and where the mark-up hides is set out in The hidden broker mark-up on your mortgage.
- Success-based: no approval, no invoice. We carry part of the risk of rejection.
- No hidden mark-up: the fee is not built into the rate and not added to the loan. If anything it works the other way round: because we take no bank commission, the lenders that pay no broker commission at all are open to us too — online banks among them. In practice the loans we arrange therefore come in 0.25 to 0.7 percentage points below commission-brokered offers — the normal case, not a promise; in any individual case it depends on the property, the loan-to-value, the fixed-rate period and your credit profile. The arrangement fee (comisión de apertura) is often waived as well.
- Agreed in advance: the amount is fixed before the first application is submitted.
What else you pay — and to whom
So that the picture is complete: buying property in Spain or Portugal brings costs that do not come to us and that the bank will generally not finance alongside the loan.
| Item | Paid to |
|---|---|
| Transfer tax (ITP), or IVA plus AJD on a new-build | the regional tax authority |
| Notary and land registry (Registro) | the notary's office, Registro de la Propiedad |
| Valuation (Tasación) | a licensed valuation company |
| Lawyer or gestoría | your own legal representation |
| Arranging the financing | Perini — 1 % on success |
These closing costs have to come out of your own funds. They sit outside the loan, which is why the equity you need is the unfinanced part of the price plus this list — not just the deposit. Underestimating them is the most common avoidable mistake in a cross-border purchase, and it shows up at the worst possible moment: at the notary appointment, when there is no time left to close the gap.
The regional differences matter here more than most buyers expect, because the largest item on the list is set by the autonomous region rather than nationally. Two otherwise comparable properties in different regions can therefore carry noticeably different closing costs.
Why the fee model changes which lenders you are shown at all is explained on non-resident mortgage in Spain.