RealEstate Abroad
Property Financing

Spanish Mortgages for Non-Residents

How to Get a Mortgage in Spain as a Foreigner

Complete guide to mortgages and financing options for property investments in Spain.

65-75%
Average LTV for Non-Residents
2.5-4.5%
Typical Interest Rates
4-8 weeks
Processing Time
78%
Success Rate
Spain Property Financing

Spanish Mortgage Market Overview

Spain offers relatively accessible financing options for foreign buyers. Non-resident buyers can typically secure mortgages for 60-70% of the property value, while residents may qualify for up to 80%. Spanish banks offer both fixed and variable rate mortgages, with terms up to 30 years.

Mortgage Market Trends in Spain

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LTV Ratio

Up to 70%

Processing Time

4-8 weeks

Foreign Friendly

Yes

Competitive mortgage rates and terms available for international buyers seeking property financing.

How to Get a Spanish Mortgage

Spanish banks offer mortgages to foreign buyers, though the process and requirements differ from those for residents. Most banks will lend up to 60-70% of the property value to non-residents.

Advantages

  • ✓Competitive interest rates within the Eurozone
  • ✓Long-term fixed rate options available
  • ✓No currency exchange risk if your income is in Euros
  • ✓Potential tax advantages as mortgage interest may be tax-deductible

Considerations

  • ✗Lower loan-to-value ratio for non-residents (typically 60-70% vs. 80% for residents)
  • ✗Additional documentation requirements for foreign buyers
  • ✗Currency exchange risk if your income is not in Euros
  • ✗Property must be valued by a Spanish bank-approved valuer

Spanish Mortgage Requirements for Foreigners

  • 1
    Valid passport and NIE (Foreigner's Identification Number)
  • 2
    Proof of income (typically last 3-6 months of pay slips or tax returns)
  • 3
    Bank statements for the last 3-6 months
  • 4
    Details of existing debts and financial commitments
  • 5
    Property details and valuation report

Calculate Your Mortgage

Use our interactive mortgage calculator to estimate your monthly payments for a property in Spain.

Mortgage Calculator

€300,000
€90,000

Mortgage Summary

Loan Amount:€210,000
Monthly Payment:€0
Total Payment:€0
Total Interest:€0
Loan Breakdown
Principal (Infinity%)Interest (NaN%)

Financing Tip

Your down payment of 20% or more typically qualifies you for the best available rates.

Popular Lenders in Spain

Banco Santander

Banco Santander

One of Spain's largest banks with specific mortgage products for foreign buyers.

Interest Rates:From 2.5% fixed, Euribor + 1.5% variable
Max LTV:70% for non-residents
Fees:1-1.5% arrangement fee
BBVA

BBVA

Offers competitive mortgage rates and English-speaking services in tourist areas.

Interest Rates:From 2.3% fixed, Euribor + 1.4% variable
Max LTV:70% for non-residents
Fees:1% arrangement fee
CaixaBank

CaixaBank

Has specialized services for foreign residents and property buyers.

Interest Rates:From 2.4% fixed, Euribor + 1.6% variable
Max LTV:70% for non-residents
Fees:1.5% arrangement fee
Sabadell

Sabadell

Popular with foreign buyers, especially in coastal areas.

Interest Rates:From 2.6% fixed, Euribor + 1.7% variable
Max LTV:70% for non-residents
Fees:1-2% arrangement fee

Financing Consultation

Get personalized mortgage advice for Spain

Our mortgage specialists can help you navigate financing options in Spain and connect you with trusted local lenders.

Related Tools

Download Resources

Mortgage Guide

PDF, 3.5MB

Foreign Buyer Checklist

PDF, 1.2MB

Interest Rate Comparison

PDF, 0.8MB

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