We specialise in non-resident Spanish mortgages for expatriates. Our brokers do all the hard work by finding the best deals. Receive an offer from the comfort of your own home – applying for a mortgage was never easier!
A non-resident Spanish mortgage refers to a lending agreement that is offered to individuals who are not a fiscal resident in Spain. As a non-resident in Spain, you will typically be offered a mortgage of 70% of the purchase price of the property. (Residents can expect to be able to get around 80%.) The longest term you will be able to borrow for is between 20 to 25 years.
Getting a mortgage as a non-resident in Spain can be difficult, that is why we recommend you seek professional help from HomeFinance Spain.
Fixed rate mortgages are by far the most popular option for non-residents. As fixed rate mortgage rates help lenders offset some of the risks associated with lending to those who are not fiscal residents in Spain.
Non-residents can also expect to pay a 3% retention fee if they sell their Spanish property. Click here for more information on the 3% retention fee.
We search the entire Spanish mortgage market, so you don’t have to! Using our unique relationship with the top banks in Spain, we offer the best deals available on non-resident Spanish mortgages.
Not sure if you qualify for a Mortgage in Spain? Our team are able to assess your individual circumstances and determine the amount in principle that you will be able to borrow from a Spanish lender.
A mortgage in principle gives you an idea of how much you will be able to afford when buying a Spanish property. Having a mortgage in principal in place also puts you in a stronger position when negotiating on the sale of the property.
To find out more about a Mortgage in Principle speak to one of our mortgage experts today, we’re always happy to give you a call and discuss any questions you may have about non-resident Spanish mortgages.
If you have already found the property you want to buy, it can typically take four to six weeks for Non-Resident Spanish Mortgages to be approved and the funds available in your account.
Yes, taxes can be reduced by getting a mortgage in Spain. Please click here for more information: How can I reduce my taxes with a Spanish mortgage?
How much you can borrow depends on the amount of debt you have compared to your income. This ratio is calculated by Spanish banks, generally they will not lend to an applicant if their outgoings add up to more than 40% of their total income.
Our team of mortgage brokers will be able to assess your personal situation by answering a few simple questions to figure out how much you can borrow. In the meantime, why not use our mortgage calculator as a guide?
To have your offer accepted quickly and easily, we recommend our clients have their NIE. HomeFinance Spain can help you get your NIE if you do not already have it. Please click here for more information on NIE.
Yes, there was significant changes to the Mortgage laws in 2019. Read about the changes here: What are the New Mortgage Laws in Spain?
In Spain, non-residents can get a fixed rate or a variable rate mortgage. For more information click here: Should I get a Fixed or Variable Rate mortgage?