What is a mortgage and what is its function?

A mortgage is a loan to buy a home, which is repaid in monthly installments with interest. At aFinance, we compare and negotiate with banks to get you the best conditions according to your profile.

What types of mortgages exist and which one suits me?

Fixed-rate mortgage: the interest rate remains fixed throughout the life of the loan. It is ideal if you prioritize stability and predictability. • Variable-rate mortgage: the rate varies according to the Euribor, so the payment may rise or fall over time. It is riskier but can be advantageous in low-rate scenarios. • Mixed mortgage: combines both formulas — an initial fixed period and a later variable one — offering a balance between security and flexibility. The choice depends on your financial outlook and risk tolerance. At aFinance, we carry out personalized simulations to help you make an informed decision. You may be interested in: Fixed or variable mortgage: which to choose in 2025.

How much can I finance with a mortgage?

In general, banks grant up to 80% of the purchase or appraisal value, whichever is lower. However, there are operations that reach 100% financing. At aFinance, we analyze your case to determine the maximum percentage you can access and negotiate with the entities on your behalf. More information: 100% Mortgage: how to get your home without savings.

What documentation must I submit to apply for a mortgage?

Normally, the following is required: • Identity document (DNI or NIE). • Latest payslips and income tax return (for employees). • Quarterly declarations and IRPF (for self-employed). • Bank statements, employment history, and deposit or purchase agreement. Our team reviews all the documentation beforehand to ensure that your file reaches the entity complete and optimized.

What factors determine the approval of a mortgage?

Banks evaluate income stability, debt level, job seniority, credit history, and the type of property. The key is to present a solid and consistent profile. Our team prepares your application so that every detail works in your favor and increases your chances of approval.

How long does the process take from application to signing?

The average period is between 30 and 60 days, depending on the bank’s efficiency and the availability of documentation. Thanks to our direct management with the banks’ mortgage departments, we can significantly reduce the usual processing time.

What expenses are involved in buying a home with a mortgage?

Although most loan formalization expenses (notary, agency, registry, and AJD tax) are now covered by the bank, the buyer must assume: • Property appraisal. • Purchase taxes (VAT or ITP, depending on the case). • Brokerage fees. At aFinance, we provide you with a complete and transparent estimate of all costs before starting the process.

Can I apply for a mortgage without savings?

Yes. There are 100% financing options, even partially covering expenses, when the financial profile allows it. aFinance has agreements with entities specialized in this type of mortgage, especially designed for first-time buyers with good repayment capacity.

Can I get a mortgage with a temporary contract or as a self-employed worker?

Yes, although the risk analysis is more thorough. Banks no longer limit themselves to the type of contract; they also assess professional track record, income stability, and savings capacity. For self-employed individuals, recurring turnover and business solidity are taken into account. Our team translates this data into a convincing bank proposal.

What is the FEIN and why is it important?

The European Standardized Information Sheet (FEIN) is a document that details and binds the mortgage terms: amount, term, interest rate, fees, and expenses. It is the legal reference on which the loan is signed, so it must be reviewed carefully. At aFinance, we help you interpret it and identify any clause that could affect your operation.

What is the difference between a mortgage and a personal loan?

A mortgage is backed by real estate and usually offers lower interest rates and longer terms. A personal loan, on the other hand, has no real guarantee, which means higher interest and shorter terms.

Who actually lends the money?

Financing always comes from a banking entity. aFinance acts as a mortgage broker regulated by the Bank of Spain, meaning we analyze the market, compare conditions, and negotiate on your behalf to get the best options.

What are the advantages of working with a mortgage broker like aFinance?

The main advantage is direct and simultaneous access to multiple financial institutions and preferential offers, which broadens your possibilities and improves your conditions. In addition, we handle all the paperwork, avoid errors, and accompany you through to the signing before a notary. Our service combines technical expertise, transparency, and negotiation power.

Can I improve the conditions of my current mortgage?

Yes. Through a mortgage subrogation you can transfer your loan to another bank offering better conditions — or renegotiate with your current bank. In both cases, we analyze the potential savings and advise you on the feasibility of the operation.

What happens if I cannot make a payment?

In case of financial difficulty, it is essential to act early. There are alternatives such as temporary capital relief, term extensions, or debt consolidation. At aFinance, we guide you towards the most suitable solution to maintain your financial stability.

What is the maximum age to apply for a mortgage?

It depends on each bank’s policy, but generally, the borrower’s age plus the loan term cannot exceed 75 years. However, some banks allow operations reaching up to 80 years at maturity.

Can I deduct the mortgage in my income tax return?

Only mortgages formalized before January 1, 2013, maintain the state deduction for the purchase of a primary residence. In other cases, there may be regional tax incentives or deductions for housing investment. We recommend reviewing each case with a tax advisor.

Can I apply for a mortgage as a foreigner or non-resident?

Yes. Spanish banks offer specific products for non-residents, with conditions adapted to their profile and country of residence. At aFinance, we manage these operations with banks that have specialized international departments.

What happens if I want to sell a mortgaged property?

It is possible to sell a property with an active mortgage. The usual procedure is to cancel the loan with the sale amount or to transfer it to the buyer if the bank authorizes it. aFinance assists you in coordinating the process to ensure it is carried out with legal security and without unnecessary extra costs.

The best bank mortgage in the Balearic Islands

Variable mortgage

from 0.50%

Fixed mortgage

from 3%

Mixed mortgage

from 1,55% Fixed period, rest Euribor + 0.75%

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DATA PROTECTION

AFINANCE FINANCIAL CONSULTING, S.L. informs Users, in compliance with the provisions of Organic Law 3/2018 of 5 December on the Protection of Personal Data, and Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016, of the existence of a database in which the personal and/or commercial information appearing in this form will be entered.

By using this Website (www.afinance.es), the Applications, and/or by communicating electronically and similarly with AFINANCE FINANCIAL CONSULTING, S.L. (hereinafter, websites), the User grants their consent to AFINANCE FINANCIAL CONSULTING, S.L. using the information provided for statistical purposes and/or for sharing it with the other licensees of its network solely and exclusively for purposes directly related to the corporate purpose of the company, all in accordance with the privacy policy.

AFINANCE FINANCIAL CONSULTING, S.L. informs Users that they can exercise the rights of access, rectification, limitation of processing, erasure, portability and opposition to processing, which Users have and that they may be exercised before AFINANCE FINANCIAL CONSULTING, S.L. via the following postal address: Paseo de Gracia, 85 Planta 7ª, Barcelona (08008) or via the email: [email protected].

CONDITIONS OF USE

The User of the Website states that the personal data provided through the forms available therein correspond only to the personal data of which it is the owner. Notwithstanding the foregoing, AFINANCE FINANCIAL CONSULTING, S.L. will allow the User to provide data from a third party provided that the User has explicit authorisation from the affected third party and has duly informed the third party of the enquiry, of the procedure that it will carry out with AFINANCE FINANCIAL CONSULTING, S.L. as well as the Privacy Policy. Likewise, the User guarantees to AFINANCE FINANCIAL CONSULTING, S.L. the accuracy, correction, validity and authenticity of the personal data provided.

Therefore, AFINANCE FINANCIAL CONSULTING, S.L. is exempt from liability with respect to any lack of authorisation by third parties, the truthfulness of the information and data provided by the User, with the latter being liable for any damage or harm, whether direct or indirect, that may be caused as a result of the breach of such obligations.

WEB OWNER DATA

COMPANY NAME: AFINANCE FINANCIAL CONSULTING SL
TAX ID: B66481748
POSTAL ADDRESS: PASSEIG DE GRACIA 85, 7TH FLOOR, 08008, BARCELONA
EMAIL ADDRESS: [email protected]
COMMERCIAL REGISTER: Registered in the Mercantile Registry, in volume 37000, page 90, sheet B-294.590, entry 5.
MAIN PURPOSE: Financial intermediation for obtaining mortgage loans without providing advisory services.

In accordance with the current applicable personal data protection regulations, we inform you that your data will be incorporated into the processing system owned by AFINANCE FINANCIAL CONSULTING SL, with Tax ID B66481748 and registered office at PASSEIG DE GRACIA 85, 7TH FLOOR, 08008, BARCELONA, and that their respective purposes, retention periods, and legal bases are listed below. For those processing activities that require it, information on potential profiling and automated decision-making, as well as possible disclosures and international transfers planned by AFINANCE FINANCIAL CONSULTING SL, is also provided:

PROCESSES CARRIED OUT

Web form commercial actions

Purpose: Collection, recording, and processing of data for handling your inquiries and/or requests, as well as advertising and commercial prospecting.
Retention period: Records will be kept as long as consent is maintained, unless legally required otherwise.
Legal basis: Consent of the data subject.
Type of data: Purely identifying data.
Disclosures: None planned.
International transfers: None planned.
Profiling: None planned.

Commercial actions and/or advertising mailings

Purpose: Collection, recording, and processing of data for advertising and commercial prospecting purposes.
Retention period: Records will be kept as long as consent is maintained, unless legally required otherwise.
Legal basis: Consent of the data subject.
Type of data: Purely identifying data.
Disclosures: None planned.
International transfers: None planned.
Profiling: None planned.

Collection and management of potential clients

Purpose: To manage requests for information and the initial contact with individuals interested in financial intermediation services when such contact is made through the website, online forms, social media, instant messaging channels, or other digital means enabled by the entity, as well as, when the data subject has given their consent, to share their contact details with partner companies providing complementary services.
Retention period: Records will be retained for as long as the consent given remains valid, unless a legal obligation requires otherwise.
Legal basis: The data subject’s consent.
Type of data: Identification data only.
Data sharing: Data may be shared with partner companies providing complementary services, only when the data subject has given their consent.
International transfers: Not foreseen.
Profiling: Not foreseen.

Creditworthiness analysis and financial feasibility study

Purpose: To evaluate the economic, asset, and employment solvency of the client to determine the feasibility of a financing operation.
Retention period: Records will be kept for the period strictly necessary to comply with the aforementioned purposes, unless legally required otherwise.
Legal basis: Contract execution and consent of the data subject for the disclosure of data to Permisso.
Type of data: Purely identifying data, financial data, professional data, health data, solvency data, social circumstances.
Disclosures: Data provided by you may be disclosed to Beyond the Scope, S.L. (Permisso), to obtain client asset reports, only when the data subject consents.
International transfers: None planned.
Profiling: None planned.

Intermediation and communication of data to financial institutions

Purpose: To present the client’s financial profile to collaborating financial institutions to obtain financing offers, as well as manage and send the necessary documentation to official appraisers for issuing appraisal reports linked to the financial operation.
Retention period: During the period strictly necessary to comply with the aforementioned purposes, unless legally required otherwise.
Legal basis: Contract execution.
Type of data: Purely identifying data, financial data, professional data, health data, solvency data, social circumstances.
Disclosures: Tax Agency, Banks and Savings Banks, Financial Institutions, and Official or Accredited Appraisers. Legal basis for disclosure: Compliance with the law and execution of the contract.
International transfers: None planned.
Profiling: None planned.

Anti-Money Laundering management

Purpose: Collection, recording, and processing of personal data of clients and potential clients to comply with current Anti-Money Laundering regulations.
Retention period: Data will be kept for 10 years, according to the law.
Legal basis: Compliance with the law.
Type of data: Purely identifying and sensitive data.
Disclosures: Data provided by you may be disclosed to the Tax Agency, Banks, and Savings Banks to fulfill tax obligations established in applicable regulations. Legal basis for disclosure: Compliance with the law.
International transfers: None planned.
Profiling: None planned.

HR management

Purpose: Collection, recording, and processing of candidate data for personnel selection purposes, and for management, analysis, and archiving of candidate resumes.
Retention period: Data will be kept for 1 year, according to the law.
Legal basis: Legitimate interest.
Type of data: Purely identifying data.
Disclosures: Data will be disclosed to SESAME LABS SL for managing job offers.
International transfers: None planned.
Profiling: None planned.

Regulatory compliance management

Purpose: Management and processing of obligations and duties arising from compliance with applicable regulations.
Retention period: Retention of document copies until actions to claim potential liability expire.
Legal basis: Compliance with the law.
Type of data: Purely identifying data.
Disclosures: Data provided by you may be disclosed to competent public authorities for compliance with applicable regulations. Legal basis for disclosure: Legitimate interest.
International transfers: None planned.
Profiling: None planned.

Administrative coordination of notarial signing

Purpose: To administratively coordinate the signing of the mortgage loan between the client and the financial institution once the operation is approved, facilitating scheduling and sending information necessary for preparing the public deed.
Retention period: For the period strictly necessary to comply with the above purposes, unless legally required otherwise.
Legal basis: Contract execution.
Type of data: Purely identifying data.
Disclosures: Data provided by you will be disclosed to Notaries. Legal basis for disclosure: Contract execution.
International transfers: None planned.
Profiling: None planned.

Personal Shopper service management

Purpose: To manage the search and coordination of property visits so that they can serve as collateral for a financial operation.
Retention period: For the period strictly necessary to comply with the above purposes, unless legally required otherwise.
Legal basis: Contract execution.
Type of data: Purely identifying data.
Disclosures: Data provided by you may be disclosed to third parties strictly necessary for proper service provision (e.g., real estate collaborators), as well as to Public Administrations and competent authorities when legally required.
International transfers: None planned.
Profiling: None planned.

Website management

Purpose: Processing and management of data necessary for website functionality.
Retention period: While consent is maintained.
Legal basis: Consent of the data subject.
Type of data: Purely identifying data.
Disclosures: None planned.
International transfers: None planned.
Profiling: None planned.

Whistleblowing channel management

Purpose: To process communications in accordance with Law 2/2023 of February 20, regulating the protection of individuals reporting legal violations and anti-corruption matters.
Retention period: For the time strictly necessary to decide on the initiation of investigations, and in any case deleted from the communication channel after three months, unless retention is needed to provide evidence of the functioning of the prevention model, in which case the data may continue to be processed by the authority responsible for investigating the reported facts.
Legal basis: Compliance with the law.
Type of data: Purely identifying data.
Disclosures: Competent public authorities. Legal basis for disclosure: Compliance with the law.
International transfers: None planned.
Profiling: None planned.

Cookies installation

Purpose: Management and installation of cookies.
Retention period: While consent is maintained.
Legal basis: Consent of the data subject.
Type of data: Purely identifying data.
Disclosures: None.
International transfers: None planned.
Profiling: None planned.

Newsletter

Purpose: Management of newsletter subscription for sending communications.
Retention period: While consent is maintained.
Legal basis: Consent of the data subject.
Type of data: Purely identifying data.
Disclosures: None.
International transfers: None planned.
Profiling: None planned.

Image processing

Purpose: Collection, recording, and processing of images captured via photographs and/or videos produced by the entity, to enhance corporate image and/or promote the entity’s activities on its website and/or social media.
Retention period: While consent is maintained.
Legal basis: Consent of the data subject.
Type of data: Purely identifying data.
Disclosures: None.
International transfers: None planned.
Profiling: None planned.

Video surveillance

Purpose: To ensure the security of facilities, assets, and/or persons.
Retention period: 1 month, in compliance with Article 22.3 of Law 3/2018 of December 5 on Data Protection and Guarantee of Digital Rights.
Legal basis: Public interest.
Type of data: Purely identifying data.
Disclosures: Data may be disclosed to Law Enforcement and Courts to comply with applicable regulations and guarantee security and protection of people. Legal basis: Compliance with the law.
International transfers: None planned.
Profiling: None planned.

DATA MANAGEMENT

In accordance with Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016, regarding the protection of natural persons with regard to the processing of personal data and the free movement of such data, and repealing Directive 95/46/EC, AFINANCE FINANCIAL CONSULTING SL informs the User regarding the websites https://www.afinance.es/en/ and derivatives (hereinafter, websites), that the information that may be collected on the websites will be incorporated into the processing systems under the responsibility of AFINANCE FINANCIAL CONSULTING SL PRIME SL, with the purposes of managing and maintaining the relationship with the User regarding the websites, as well as for information, statistical, and marketing activities related to the services and associated activities.

AFINANCE FINANCIAL CONSULTING SL informs that the legal basis supporting the aforementioned processing is the existence of a legitimate interest. Likewise, regarding the installation of cookies, processing is legitimized by the consent given by the data subjects or, where applicable, their legal representatives.

AFINANCE FINANCIAL CONSULTING SL informs that data will be retained while the User’s consent is maintained, except in cases where legal retention is required.
In accordance with the rights conferred by current data protection regulations, the User may contact the competent Supervisory Authority to file a complaint deemed appropriate, as well as exercise the rights of access, rectification, restriction of processing, erasure, portability, and objection regarding the processing of their personal data, as well as withdraw consent previously given for such processing.

In accordance with Article 32 of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016, regarding the protection of natural persons with regard to the processing of personal data and the free movement of such data, and repealing Directive 95/46/EC, AFINANCE FINANCIAL CONSULTING SL undertakes to adopt the necessary technical and organizational measures, according to the level of risks associated with the processing carried out by it and indicated in the terms and conditions of use, to ensure integrity, confidentiality, and availability. Likewise, AFINANCE FINANCIAL CONSULTING SL informs that if the User enters data in third-party website forms, such third parties will be responsible for the personal data and must adopt the technical measures described in the following section.

RIGHTS OF DATA SUBJECTS

AFINANCE FINANCIAL CONSULTING SL informs Users that they may exercise the rights of access, rectification, restriction, erasure, portability, and objection regarding the processing of their personal data before the Data Controller, as well as withdraw previously given consent.

Right of Access: The right of the user to obtain information about their specific personal data and any processing that has been or is being carried out, as well as information available about the origin of such data and communications made or planned.
Right of Rectification: The right of the data subject to have inaccurate or incomplete data corrected. This can only be satisfied regarding information under the control of the entity, for example, deleting comments published on the website, images, or web content where the user’s personal data appears.
Right to Restrict Processing: The right to limit the purposes of processing originally planned by the data controller.
Right to Erasure: The right to have personal data erased, except as provided by the GDPR or other applicable regulations that determine the mandatory retention of such data, in terms of time and manner.
Right to Portability: The right to receive personal data provided by the user in a structured, commonly used, machine-readable format, and to transmit it to another controller.
Right to Object: The right of the user to prevent the processing of their personal data or to stop such processing by the entity.

To exercise any of the rights described above, the following requirements must be met:

- Submission of a written request by postal mail to Paseo de Gracia, 85, 7th floor, Barcelona (08008) or by email to [email protected].

- The request submitted by the data subject exercising their rights must meet the following legal requirements:

The requester must reliably identify themselves, and if doubts arise about the identity of the requester, they will be asked to correct the request (e.g., by providing additional information such as ID number, ID document, or email address).
A specific description of the request (indicating the information to which access is requested). If no specific file is referenced, all information held with the user’s personal data will be provided. If information from a specific file is requested, only that file’s information will be provided. Requests regarding third-party information will never be provided. Requests by phone will be directed to submit in writing, with instructions and the address to send it to. Information will never be provided by phone.
Address for notifications.
Date and signature of the requester.
Documents supporting the request.
The data subject must use any means that allows proof of sending and receipt of the request.

Finally, you are informed that you have the right to file a complaint with the Spanish Data Protection Agency if you become aware of, or consider, that an event may constitute a breach of the applicable data protection regulations.

AFINANCE FINANCIAL CONSULTING SL undertakes to adopt the necessary technical and organizational measures, according to the level of risks associated with the processing carried out by it and indicated in the terms and conditions of use, to ensure integrity, confidentiality, and availability.

Last updated: March 2026

iProcessing of your personal data

aFinance gets you the best conditions for the purchase of a property in the Balearic Islands

The best mortgage

We get you the maximum financing for the acquisition of your home.

Savings

We negotiate with the banks the best market conditions.

Speed

Free study in 24 hours, without obligation.

Easy

A personal manager accompanies you throughout the process.

Experts in mortgage management

aFinance is a leading mortgage broker, leader in the management and negotiation of mortgage loans.

Over 0

years of experience

More than 0

professionals

Over € 0

M in transaction volume in 2025

More than 0

new clients in 2025

We negotiate for you

We work with all the banking institutions to get the lowest interest rate in the market for your mortgage.

The best bank mortgage in the Balearic Islands

Our clients' opinions

Andres

Gracias a Afinance y sobretodo a Jordi sancho, ya que gracias a él he podido conseguir mi hipoteca y el piso que quería, sin su gestión no lo habría conseguido. Una vez tiene toda la documentación la gestión se agiliza y va todo muy rápido. Te asesoran y te informan por completo de la hipoteca y condiciones sin que te queden dudas. ¡Lo recomiendo!

David

Muy satisfecho con la profesionalidad y el trato recibido por sus empleados.
Han reaccionado muy bien ante los imprevistos, como por ejemplo cambio de condiciones de la entidad bancaria.
Otro aspecto importante, ha sido la claridad en la explicación y consejo sobre las distintas cláusulas contractuales con aFinance y con la entidad bancaria.
Un trato humano más que excepcional.
Pocos profesionales interrumpen sus vacaciones para dar un servicio puntual.
Recomendable a más del 100%.

Mario

Excelente gestión de nuestra hipoteca. Muy buena comunicación y un trato personalizado. Los recomendamos al 100%, no sólo por la calidad humana sino también por lograr hipotecas muy complicadas.

Excellent review from our users

What are the steps?

Application

Request a free assessment to determine the type of financing that best suits your needs.

Viability

Our manager will inform you about the feasibility of the operation and the necessary documentation.

Processing

We take care of all the steps necessary for the formalization of the requested mortgage.

Signature

We contact the client to confirm all the details of the deed before a notary.

In your home, you make the decisions!

At aFinance, we understand that buying a house and securing a mortgage are important life decisions. That’s why we conduct your mortgage assessment for free and with no obligation. We take care of negotiating with the leading banks to secure the most favourable terms on the market and ensure maximum financing for you. With aFinance, save money, time, and avoid worries.