Costa Blanca

New building: how to pay

We tell you everything you need to know about how to pay for new housing. From the initial payments to the formalisation of the mortgage.

Reservation of accommodation

Contract of sale and first payment

Payments during construction

New construction mortgage

Types of mortgages

  • Fixed-rate mortgagesThe interest rate remains constant throughout the life of the loan.
  • Variable rate mortgagesThe interest rate may vary, usually linked to a benchmark such as Euribor.
  • Mixed mortgagesCombines an initial fixed-rate period with a variable-rate period.

How to apply for a mortgage?

Final payment and deed

Expenses to be considered

  • Transfer Tax (Impuesto sobre Transmisiones Patrimoniales - ITP) o VATdepending on whether it is new or second-hand.
  • Notary fees y registration.
  • Valuation costs if you apply for a mortgage.

To be taken into account:

Immosol

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