Urgent.News

What's breaking now, across thousands of outlets.

Business

I'm going to buy my first home with my wife, who owns another house before marriage. Can I get the 50,000 euro loan?

Readers send their questions to EL PAÍS housing clinic in collaboration with Legálitas

Translated from Spanish Read in Spanish

I'm going to buy my first home with my wife, who owns another house before marriage. Can I get the 50,000 euro loan?

A person buying a new home in Madrid with their wife may be eligible for a zero-interest government loan of up to 50,000 euros if they purchase the property individually. This is possible if they are married under a separation of assets regime, as their financial situation is independent of their spouse's. To qualify, the property must be registered solely in their name, and their spouse must not be listed as a co-owner. If the couple purchases the property jointly, they would not be eligible for the loan.

Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at elpais.com →

More in Business

More from Friday 13 November →