Financing
A mortgage in Spain: what is possible?
Buying a home on the Costa Blanca or Costa Cálida is often possible with a Spanish mortgage. Know what is realistic before you start.
Financing starts with good preparation
Buying a property in Spain can often be financed with a Spanish mortgage. For many Northern European buyers that is attractive, but it works differently than at home.
That is why it is wise to look at your financial options early in the buying process. It makes your search more focused and prevents disappointment.
60–70%
Financing of the purchase or appraisal value for non-residents
40–50%
Own funds including additional costs
2–3 mo
Average time for a mortgage application
Frequently asked questions
Everything about the Spanish mortgage
Can I get a mortgage in Spain?
Yes, even as a non-resident you can apply for a mortgage with Spanish banks. Banks usually finance up to around 60–70% of the purchase price or appraisal value, whichever is lower. Additional costs such as taxes, notary, registration and legal fees are usually not financed, so you pay those from your own funds.
How much own money do I need?
With a Spanish mortgage you usually need own funds for the part that is not financed and for the additional purchase costs. Budget roughly 40% to 50% own contribution, depending on the property, the bank and your personal situation.
Which documents does the bank ask for?
The bank wants insight into your income, assets and financial obligations: passport, recent payslips or annual figures, tax return, bank statements and information on existing loans or mortgage payments. Self-employed? The bank usually asks for extra documentation, such as annual accounts and tax returns from recent years.
How long does a mortgage application take?
A mortgage application in Spain takes two to three months on average. An initial financial check beforehand brings peace of mind and prevents disappointment during the purchase.
Fixed or variable interest?
Spanish banks offer various mortgage types, including fixed, variable and sometimes mixed rates. Which one fits best depends on your situation, term and risk profile.
Can I use a mortgage from my own country?
Sometimes financing through your own bank at home is possible, for example via home equity or an additional loan on your existing property. That depends on your personal situation and your bank’s conditions.
VidaSol thinks along
Know what is possible in advance
I am not a mortgage adviser, but I am happy to connect you with reliable financial specialists experienced in Spanish mortgages for international buyers.
That way you know in advance what is possible, how much own money you need and which price range is realistic. It makes the search for a home in Spain much more focused and relaxed.
Get in touchThis is general information and not financial or tax advice. Conditions vary per bank and personal situation. Always seek personal advice from a qualified mortgage or financial specialist.
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