Can Foreigners Get a Mortgage in Spain?

Yes. Spanish banks regularly lend to non-resident foreign buyers. You don't need to live in Spain or have Spanish income to qualify.

The main difference is the loan-to-value (LTV) — non-residents can typically borrow 60–70% of the property value, compared to 80% for residents.

How Much Can You Borrow?

Loan-to-Value (LTV)

• Non-residents: 60–70% of the property value or bank valuation (whichever is lower)
• Residents: up to 80% LTV

For a €300,000 property at 70% LTV, you'd borrow €210,000 and need €90,000 deposit plus buying costs (~10–14%).

Income Multiple

Spanish banks cap your monthly mortgage payment at approximately 30% of your net monthly income. They also consider any existing debt payments.

For example, if your net income is €4,000/month and you have no other debts, your maximum mortgage payment would be ~€1,200/month.

Maximum Term

• Up to 30 years (some banks cap at 25 for non-residents)
• Age limit: you must be under 70–75 at the end of the mortgage term

Interest Rates in 2026

Spanish mortgage rates for non-residents:

Euribor (the European interbank rate) is the benchmark for variable mortgages. It fluctuates, so fixed rates offer more certainty for budgeting.

Documents You'll Need

Spanish banks are thorough. Prepare:

For Employed Applicants

• Last 3 payslips
• Last P60 or annual tax return
• Last 3 months of bank statements
• Employment letter (confirming salary and tenure)
• Credit report from your home country
• Proof of deposit funds

For Self-Employed Applicants

• Last 2–3 years of company accounts
• Tax returns (last 2–3 years)
• Bank statements (last 6 months, personal and business)
• Proof of business ownership
• Accountant's reference

For All Applicants

• Passport
• NIE number (see our NIE guide)
• Proof of current address
• Property details (the bank will arrange a valuation)

Which Banks Lend to Non-Residents?

Not all Spanish banks lend to non-residents. The most experienced include:

Sabadell

Strong expat mortgage desk, particularly good for UK buyers. Offers up to 70% LTV to non-residents.

BBVA

Experienced with international clients. Competitive rates and a clear non-resident process.

CaixaBank

Spain's largest bank by assets. Good rates, particularly for EU residents.

Santander

International experience, particularly strong for UK and Latin American buyers.

Mortgage Brokers

Using a specialist broker can save you time and often money. They know which banks are lending, what rates are available, and can pre-qualify you before you find a property.

Mortgage Costs

On top of the mortgage itself:

Total mortgage setup costs: approximately 2–3% of the loan amount.

See our buying costs guide for the full picture.

The Mortgage Process

1. Get pre-qualified — before you start viewing properties
2. Find your property — browse listings
3. Formal mortgage application — submit all documents
4. Bank valuation — the bank values the property
5. Mortgage offer — the bank confirms the terms
6. Sign at the notary — property deed and mortgage deed on the same day

The mortgage process typically adds 2–4 weeks to the buying timeline.

Country-Specific Considerations

UK Citizens

Post-Brexit, UK buyers are treated as non-EU non-residents. See our UK citizen guide.

US Citizens

FATCA compliance adds paperwork, but US buyers can get Spanish mortgages. See our American buyer guide.

Next Steps

• Calculate your mortgage payments
• Read the complete buying guide
• Understand all buying costs
• Browse properties

A Spanish mortgage is achievable for most foreign buyers with stable income. Get pre-qualified early, use a broker if you're unsure, and enjoy your new Spanish home.