In Ukraine, Ukrainians face difficulties when obtaining mortgages abroad, especially in European Union countries such as Spain and Italy. These countries have relatively high requirements for borrowers and complex bureaucratic procedures.
This is reported by Finway
Conditions in Spain
In Spain, borrowers must meet a number of conditions:
- Possession of a NIE number (foreigner identification number);
- Residence permit;
- Proof of stable income;
- Positive credit history;
- Down payment of at least 30% of the property’s value;
- Mortgage in euros;
- Mortgage term of up to 30 years;
- Banks may require additional guarantees.
For refugees, it is important to have a residence permit in the country, as well as to provide proof of income, bank statements, and evidence of credit history (if available). The initial payment should be at least 10-20% of the property’s value.
“Temporary protection allows refugees to stay in the country and work, but to obtain a mortgage, it is necessary to prove financial stability.”
Conditions in Italy
Italy also has specific requirements:
- Permesso di soggiorno (residence permit);
- Proof of stable income;
- Positive credit history;
- Down payment of at least 30% of the property’s value;
- Mortgage in euros;
- Mortgage term of up to 30 years;
- Complex bureaucratic procedure.
Refugees must also have a residence permit in Italy, proof of income, and the necessary documents regarding financial stability. It is important that refugees can receive social support, which can alleviate financial difficulties.
Thus, Ukrainian refugees can obtain a mortgage in Spain and Italy by meeting the general requirements for foreigners and having a stable financial situation.