Step-by-step guide to buying your home

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BBVA mortgages

Are you looking for a home?

At BBVA we want to help you make decisions with the best possible information. That is why we have created this guide to buying a home, where you will find the steps to follow, as well as the procedures and documents required to buy a home, both new and pre-loved.

Discover the value of a property
What are the steps to go through to buy a home?

The first step when buying a home is to compare the price per m2 in the areas you are interested in, and to know how much you are prepared to pay for your home. It is also important to know the amenities available in the neighborhood, and to compare several properties.

Our BBVA Valora tool can help you discover the approximate value of a home or find out the average price of the properties in the areas you like.

The next step in the home purchase process is to make sure you know everything you need to take into account when applying for a mortgage: property value, any savings you can put towards the house purchase, approximate costs associated with the property sale and securing the mortgage.

You can apply for up to 80% of the property's value, so you must have at least 30% saved. The costs of the purchase and appraisal are usually paid by the buyer and can amount to around 10% of the value of the property.

Remember that with BBVA you can calculate your approximate mortgage repayment and the associated costs and taxes. You can perform all the calculations you want, commitment free, with our mortgage calculator.

Enter the details in our calculator and find out your approximate mortgage repayment.

Once you perform your calculation and send your customized price application, a BBVA adviser will contact you to answer any questions and explain the next steps.

Gather all the documentation we ask from you to continue on with the process.

You can find a list of the documents needed for your mortgage application here.
Do you want to know how much a property is worth?

Go to our BBVA Valora tool and find out how much the house you are looking for is worth, and other related information.

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You need to take the following into account

Calculate your approximate monthly repayment. For your good financial health, you should not dedicate more than 35% of your monthly income to debt.

Calculate home purchase costs. There are costs entailed from buying a home, such as VAT, stamp duty and notarial and administrative costs, depending on the type of property. They usually add up to 10% of the value of the property.

Have sufficient savings. Remember that we can only offer up to 80% for your main home and up to 70% for your second home. If the market price and the appraised value don't match, the lower of the two will be used as a reference. Bear in mind that the sum of the term and the age of the youngest account holder with income cannot exceed 70 years.

The mortgage that best suits you. At BBVA we offer the BBVA Fixed-Rate Mortgage, in which your repayments will always be the same, or the BBVA Variable Mortgage, where the interest rate is composed of a fixed part and a variable part that tracks the Euribor. We also offer the BBVA Fixed-Rate Efficient Home Mortgage, which offers favorable conditions if the property has a class A energy efficiency certificate.

Calculate your mortgage repayment
At BBVA, you will always have an online application process and an advisor to accompany you at all times.

Would you like more information?

If you want us to contact you with more information about BBVA mortgages, fill in the form below.

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BBVA mortgages

Have you already found your perfect home?

Check all the details that we mention below and carry out your personalized study to find out what your mortgage would finally be.

Calculate your repayments
You need to take the following into account

For your good financial health, you should not dedicate more than 35% of your monthly income to your mortgage repayment.

If the property's market price and the appraisal value are different, we will offer you up to 80% of the lower of the two prices.

During the application process, check whether you have special conditions for belonging to a professional group.

If you have any questions, remember you will always have an advisor on hand to help you through the process and answer any questions.

Perform your customized study
Do you belong to a professional collective? Discover the mortgages with custom conditions we offer you

Get your personalized mortgage study and enter the name of the company or mutual company you belong to.

Enjoy special terms for belonging to your professional collective.

Do your personalized study

At BBVA, we have the mortgage that suits you

The peace of mind of paying the same amount every month, without increases or surprises.

More information Perform your customized study
Your mortgage made easier. Find out about its characteristics, requirements and benefits.

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The fixed-rate mortgage for homes with a certified type A or B energy rating.

Sustainable product

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