Spanish Mortgages for Foreigners
Spanish banks actively lend to foreigners.
What Banks Offer
Loan-to-Value (LTV)
| Buyer Type | Typical LTV | |------------|-------------| | Spanish resident | 80% | | EU non-resident | 60-70% | | Non-EU non-resident | 50-60% |Interest Rates
Variable: Euribor + 1-2% margin Fixed: 3.5-5% depending on termWhich Banks?
Sabadell, BBVA, Santander, CaixaBank all lend to foreigners. Use a mortgage broker for complex cases.Documents Required
- Passport and NIE
- 3 years' tax returns
- 6-12 months' bank statements
- Proof of income
- Property valuation
Costs
- Valuation: €300-600
- Arrangement fee: 0-1%
- Notary/registry: €800-1,500
- Stamp duty: 0.5-1.5% of loan
Tips
- Get pre-approved before property hunting
- Larger deposit = better rates
- Use a broker for non-standard situations