60–70%
Max LTV (non-resident)
2.5–4.5%
Interest Rates
25–30 years
Max Term
3x gross income
Income Multiple
How Much Can You Borrow?
Spanish banks are conservative with non-resident buyers.
- Non-residents: typically 60–70% LTV
- Residents: up to 80% LTV
- Monthly payment max: ~30% of net income
- Term: up to 30 years (age 75 max at end)
- Some banks lend up to 70% to non-residents
Documents for a Spanish Mortgage
Banks require extensive documentation, especially for self-employed buyers.
- Last 3 payslips + P60 (employed)
- Last 2–3 years accounts (self-employed)
- Bank statements (last 6 months)
- Credit report from your country
- Proof of deposit funds
- Property valuation (arranged by bank)
Which Banks Lend to Foreigners?
Not all Spanish banks lend to non-residents — these are the most expat-friendly.
- Sabadell — strong expat mortgage desk
- BBVA — good for non-residents
- CaixaBank — competitive rates
- Santander — international experience
- Use a mortgage broker for best rates