See when you pay, when mortgage funds arrive and how much cash is needed in between.
During an interest-only build period: interest = drawn principal × nominal annual rate / 12 × stage months. “After paying” releases funds at stage end; “before paying” at stage start. Later instalments use level-payment amortisation, the same fixed rate and the repayment term after construction. This is not APR. Additional cash required preserves contingency even immediately before a loan release.
A stage-payment request needs a traceable link to the contract and actual progress. Separate measured work, changes and cash adjustments before authorising the invoice.
Read guideA loan can cover the final budget while leaving a shortfall during construction. Match your own euro cash to the evidence and timing behind each release.
Read guideA Spanish planning-stage project and a construction package may depict the same house while answering different questions. Know what information is ready before inviting prices or starting work.
Read guideA finished building, accepted work and a home ready for occupation are separate milestones. Connect the paperwork before committing to your move.
Read guideTell us what you need, where and your budget. We’ll review your enquiry to work out the next step.
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