Selling your house in Penáguila with a mortgage: Is it possible and how do you do it?

23 Apr 2025

Selling your house in Penáguila with a mortgage is easy, as it's not only possible, but also a fairly common transaction in the real estate market. Many people sell their homes before finishing paying off their mortgage, whether because they're moving, inheriting a better property, or simply want to improve their quality of life. The important thing is to know how to proceed and what steps to follow to do it correctly.

What options do you have for selling your house in Penáguila?

If you still owe part of the loan, these are the most common ways to proceed:

Pay off the mortgage with the proceeds from the sale. This is the most common approach: the buyer pays the bank the outstanding amount and the seller the remainder.
Mortgage subrogation. The buyer assumes your mortgage and continues paying it, although not all banks accept this option.
Apply for a bridging loan. If you're buying another home, it can help you make the move without selling immediately.

To make the best decision, it's key to know how much you have left to pay, review your mortgage terms, and consult with your financial institution before putting your home up for sale.

Selling your house in Penáguila with a mortgage: documentation and steps to follow to avoid mistakes

Sell your house in Penáguila with a mortgage without surprises by preparing all the documentation in advance and following the necessary procedures. The sales process can be complicated if you're not up to date with the banking and legal details, so make sure you have everything in order. What should you prepare?

Updated simple note. It reflects the current mortgage and the encumbrance on the property.
Outstanding debt certificate. Issued by your bank, it indicates the exact amount you owe.
Updated community and utility receipts.
Energy certificate. Required by law for any sale.
Deed of Sale. The basic document of your property.

Other key recommendations include:

Inform the buyer from the beginning that the house has a mortgage.
Coordinate with the bank to be present at the notary's office on the day of the signing.
Make sure the mortgage cancellation form is correctly drafted if it is paid with the sale.

Having a real estate agency that can guide you every step of the way can make the difference between a simple sale or one filled with obstacles.

Sell your home in Penáguila with a mortgage safely and securely with the support of INMOCAMPS.

Sell your house in Penáguila with a mortgage with complete peace of mind thanks to the experience of INMOCAMPS. We handle the entire process , from appraisal to signing at the notary's office, including coordination with your bank. With more than 15 years of experience on the Costa Blanca and in-depth knowledge of the specific market conditions in towns like Penáguila, we can advise you so you get the best price and avoid costly mistakes.

We help you calculate the real costs of the operation.
We manage the relationship with your bank and the buyer.
We prepare all legal and tax documents.
We attract qualified buyers through portals and networking.
We personally accompany you until the end of the process.

It doesn't matter if you're still paying your mortgage. Sell your house in Penáguila with INMOCAMPS. We'll help you sell safely, quickly, and hassle-free.