For Lenders | Costa Blanca Surveyors

Building Surveys for Mortgage Lenders in Costa Blanca

Independent Property Condition & Risk Assessment

In Spain, mortgage lending is frequently secured against properties where no independent building survey has been carried out. While valuations confirm market value, they do not assess construction quality, structural integrity, or latent defects that may materially affect loan security.

Costa Blanca Building Surveyors provides independent building condition surveys for mortgage lenders, brokers, and private finance providers operating in Spain. Our reports support informed underwriting decisions and help reduce exposure to high-risk property assets.

Why Lenders Require Independent Building Surveys in Spain

Unlike many other jurisdictions, Spain does not legally require a building survey prior to purchase. As a result, lenders may be exposed to properties affected by:

Structural movement or foundation instability
Damp, water ingress, or construction moisture defects
Non-compliant alterations or unapproved extensions
Roofing, slab, or load-bearing failures
Deferred maintenance impacting long-term value

These defects are commonly outside the scope of valuation inspections.

Our 5 Risk-Focused Survey Approaches

1. Independent Asset Condition Assessment

We operate independently of estate agents, developers, and valuers. Our surveys focus exclusively on the physical condition and integrity of the property used as loan security.

2. Identification of Material Defects

We prioritise defects that directly affect:

Structural stability
Durability and service life
Safety and compliance
Future capital expenditure

Each issue is assessed according to severity and risk exposure.

3. Underwriter-Focused Reporting

Reports are structured for lender review and include:

Clear photographic evidence
Defect severity ratings
Immediate vs long-term risks
Recommendations for further investigation

This allows rapid and informed underwriting decisions.

4. Pre-Completion Risk Mitigation

Survey findings can be used to:

Adjust lending terms
Reduce loan-to-value ratios
Require remedial works
Decline unsuitable security assets

Early identification significantly reduces post-completion exposure.

5. Long-Term Asset Protection

Our surveys support lenders in protecting the ongoing value and integrity of property-backed loans by identifying risks that may affect future resale or repossession value.

Typical Lending Scenarios

Mortgage approvals on resale properties
Lending on older or modified buildings
Non-resident or overseas borrowers
Private and specialist lending
High-value residential assets

Why Costa Blanca Building Surveyors

FCIOB Registered
Experience with Spanish construction methods
Independent, survey-only service
Clear, practical, lender-focused reporting
Local Costa Blanca market knowledge
Efficient turnaround times

Discuss Lender Survey Requirements

We work with lenders and brokers to tailor survey scopes aligned with individual risk policies.