Foreign buyers can take out a mortgage with Spanish banks. Terms depend on residency status, the bank and the borrower's financial profile.
How much banks finance
Spanish banks typically finance 60–70% of the property value for non-residents — meaning a down payment of 30–40%. Residents can access financing of up to 80%.
What documents you'll need
- Passport and NIE
- Proof of income for the last 2–3 years
- Tax returns
- Bank statements for the last 6–12 months
- A statement of other credit commitments, or a list of them
Term and rate
The maximum loan term is 20–30 years, but it's usually capped by the borrower's age (the loan must be repaid by a certain age). Rates can be fixed or variable, tied to Euribor.
Speeding up approval
Applying to several banks in parallel lets you compare terms and secure a better rate. Preliminary approval usually takes from 2 weeks.
We choose a bank to match the client's financial profile and support the whole process — from submitting documents to signing the mortgage deed at the notary.
