Non-Resident Spanish Mortgages​

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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!

  • Independent Mortgage Brokers
  • Personal Service in your own language
  • Guaranteed Competitive Rates

Cost-Effective

We pride ourselves on providing our clients with cost-effective and straightforward mortgages.

Independent Broker

We are not a bank, but independent mortgage brokers - we work for our clients, not the lenders.

Multi-lingual

Our multi-lingual team are dedicated to helping expatriates with all of their mortgage related questions.

Fast Approvals

With years of experience we have established great relationships with the banks throughout Spain.

Get in touch

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What is a Non-Resident mortgage?

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.

7 Steps to getting a Spanish Mortgage

  1. Figure out how much you will need to borrow to buy your Spanish property. You may have a substantial amount saved, but still want to finance part of the purchase price in order to free up your funds. Other buyers will heavily depend on a mortgage to be able to afford their dream property. Not sure how much you need to borrow? Our mortgage experts offer free, independent advice on Non-Resident Spanish Mortgages​!
  2. Organize your documentation to send to your mortgage broker. The sooner you send all the relevant documents and information, the quicker our team can source you the best mortgage rates and deal!
  3. As soon as the bank approves your mortgage, you will agree on a deposit amount with them.
  4. Before buying a property in Spain, you will need an NIE number. We can help you obtain your Spanish tax identification number.
  5. It’s time to sign the pre-contractual documentation at the bank!
  6. The mortgage deeds are signed at your local notary along with the title deeds of the property.
  7. Sit back and enjoy your new home in the sun!
7 Steps to getting a Spanish Mortgage

Best Spanish Mortgage Rates - Guaranteed!

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.

Bankia Spanish Mortgages
Bankinter - Best Mortgage Rates
Deutsche Bank - Spanish Mortgage
Banco Sabadell - Mortgages in Spain
Cajamar - Mortgages
Kutxabank - Span Mortgages
La Caixa - Spanish Mortgages

Mortgage in Principle

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.

Why HomeFinance Spain is the right choice...

  • Our dedicated mortgage advisors will retrieve all the necessary details from you to fill out your mortgage application.
  • When we begin to receive offers from the Spanish banks, we will discuss and explain the terms of the mortgage with you.
  • We will discuss your specific requirements with you and explain the costs and process, and tell you exactly how much you will be able to borrow.
  • Our mortgage specialists will answer any questions about non-resident Spanish mortgages and negotiate with the banks, if required.
  • Our relationships with the banks in Spain allows us to offer our clients favourable mortgage interest rates that they would not be able to receive on their own.
  • Prior to signing anything, your dedicated mortgage broker will go through the mortgage contract with you to ensure there are no hidden charges or issues.

Frequently Asked Questions

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?

Get in touch

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