Frank – not the sort of thing you should post on an open forum. It is against the bank of Spains regulations to include costs in the mortgage as it means borrowers are taking more than the percentage the bank allows.
ie non-residents to 80% of the valuation subject to a max of 90 or sometimes 100% of the PURCHASE PRICE. Banks are doing a max lending of 100% of purchase contract price.
In this case your friend must have supplied somehting dodgy to do this
It can work in theory if the valuation is much higher than the purchase price – that isnt the issue and there are many properties that fit that particular criteria, but banks are aware this has happened a lot – they are asking to see deposit monies down, so falsifying docs will get people into serious trouble
Not the way to go!