Mortgages Available through our trusted partner brokers

 Up to 75% of property value available for a limited period 

Non residents

                                                                              (Terms and conditions apply. Please call for full details)

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Information on Mortgages in Spain

1. How much can I borrow?
   Non-Resident Spanish Mortgages. Up to 75% for a limited period
   These mortgage products provide a seamless and accessible financing solution for second homes, holiday properties, or investment opportunities.
   With expert guidance throughout the process, we make securing a mortgage in Spain as straightforward as possible—helping you turn your dream of owning property in Spain into a reality.
   •Fixed Rates: total term fixed rates from 2.4%
   •Variable rates from 2%

   •Terms: up to 80 years of age to 25-30 years  

2. For fiscal taxpayers the maximum is 80%.

3. Can I afford it?

   In terms of what you can borrow, the banks consider your Debt-to-Income ratio (DTI). 

4. What other costs must I pay?

   Fees and taxes relating to the property purchase and the mortgage set-up are generally 12-14% of the property price, depending on the region of Spain. The buyer generally must prove they have these funds before the mortgage is agreed.

5. Will I be approved?

   It’s advisable to get a mortgage approved in principle before starting the purchase process. This will confirm the upper limit of the price range in which you search and can put you in a stronger position when negotiating the property price; the vendor will know you are serious and can move quickly

6. What type of mortgage? Fixed or Variable?

   Spanish banks usually offer a mortgage term fixed rates from 2.4% Variable rates from 2%

7. How to apply for a mortgage?

   While it is possible to walk into a Spanish bank branch and apply for a mortgage, you are likely to get a better deal by applying via a licenced broker, we can arrange this for you. They will have access to better deals than are on offer in the high street and will know which banks are best suited to a buyer’s financial profile. They can help with presenting the financial documents required and are permitted to keep the buyer updated throughout the purchase process.

8. Supporting documentation

   Your broker will advise what documents will be needed to support your application and will discuss the opening of a Spanish bank account with the proposed lender. You are advised to appoint a lawyer before signing the reservation contract and paying the deposit. You will also need to apply for an NIE number (foreigner identity number).

9. Approval

   On the strength of the documentation provided, the selected bank will approve or decline the mortgage subject to valuation.

   Valuation

   The proposed lender will require the property valuation to be carried out before they give the formal approval of the loan and they will usually select a company at random from their panel of independent valuers although under the new legislation, the client has the right to select their own company (approved by the Bank of Spain). The valuation fee must be made before the valuation can be instructed.

   If the valuation is suitable, the bank will confirm the conditions and will then liaise with you, the agent and both lawyers to calculate the funds that must be made available in your account. Once the funds are in place, the arrangements for completion can be made.

10. Completion

    Completion takes place at a notary office and you or your legally appointed representative must attend. After the deeds have been signed, the cheques are distributed, the keys are handed over and the mortgage process is completed.