Spanish Resident Mortgages

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As specialists in resident mortgages in Spain, we guarantee competitive rates and fast approvals on mortgage applications. 

We save you Time, Money and Stress.

  • Apply online, by phone or in branch
  • Personal Service in your language
  • Guaranteed Competitive Rates

Save Time

We have a great relationship with the major Spanish banks and can speed up your application process. You can apply from anywhere in Spain without having to physically visit our offices.

Save Money

A dedicated mortgage expert is invaluable - we ensure you do not spend more money than necessary by searching the entire Spanish mortgage market to get you the best deal.

Save on Stress

We ensure all your documents and applications are presented correctly. We do all the legwork and will negotiate with the Spanish lenders to get you the best possible mortgage offer!

Get in touch

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Resident Mortgages in Spain

Whether or not you are considered a resident in Spain depends entirely on where you pay your taxes, not your nationality. If you pay your taxes in Spain, then you are a fiscal resident.

A resident mortgage is the name given to the lending agreement between a fiscal resident in Spain and a Spanish bank. As a resident in Spain, you can expect to receive better rates and terms than a non-resident mortgage applicant.

Spanish residents can expect to borrow up to 80% of the purchase price of the property. Mortgage terms extend to 30 years, normally up to a maximum of 75 years of age.

5 Spanish Mortgage Requirements

  1. You must have between 20-30% of the purchase price as deposit.
  2. Banks also require proof of sufficient income. In general, monthly mortgages repayments should not exceed 40% of the income of the mortgage applicant.
  3. In some cases, having a stable job is a factor taken into consideration. 
  4. If you do not have sufficient income, you may have your mortgage approved if you have a guarantee. A guarantee is a person that legally confirms they will make the mortgage payments if the applicant can’t.
  5. A good credit history with the same bank can prove invaluable when applying for a mortgage.
Five Mortgage Requirements

Best Mortgage Rates - Guaranteed!

We search the entire Spanish mortgage market, so you don’t have to! Using our unique relationship with each of the top banks in Spain we can offer you the best mortgage deals available.

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.

This gives you peace of mind, as you will know how much you will be able to afford when buying your new home. Having a mortgage in principal in place also puts you in a stronger position when negotiating on the sale of a 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.

Why HomeFinance Spain is the right choice...

  • We are a team of multi-lingual brokers committed to helping our clients get the best mortgage for their specific needs.
  • We do not work for the bank, we work for our clients! We offer impartial advice as an independent mortgage broker.
  • 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.
  • We are able to offer our clients favourable mortgage interest rates which they would not be able to get on their own.
  • When we receive offers from the Spanish banks, we will explain the terms of the mortgage with you in full and negotiate with the banks, if required.
  • Prior to signing, your dedicated mortgage broker will go through the mortgage contract with you to ensure there are no hidden charges or issues.

Frequently Asked Questions

This depends on the lender, but the new mortgage laws have reduced the costs associated with getting a mortgage in Spain. HomeFinance Spain will always explain any additional costs with our clients, we always try to keep any extra costs to a minimum for our clients. 

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?

There are no buy to let mortgages in Spain. However, you can rent out your property after getting a license from your local town hall. This is a straightforward, easy process.

Yes, there was significant changes to the Mortgage laws in 2019. Read about the changes here: What are the New Mortgage Laws in Spain?

There are many benefits to getting a mortgage in Spain. One being a reduced tax bill, this can either be a reduction in your rental income tax liability or inheritance tax liability.

A mortgage also enables a buyer to purchase a more expensive Spanish property. 

Lastly, and most importantly, receiving a Spanish mortgage will mean you do not have to spend your entire savings on a Spanish property – meaning you have more money to spend enjoying your new life in Spain!

Yes, you can get a fixed rate or a variable rate mortgage in Spain. For more information click here: Should I get a Fixed or Variable Rate mortgage?

Get in touch

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