Spanish Mortgages

We have teamed up with one of the leading Mortgage Brokers in Spain to offer you the best selection of Mortgages on offer today. They are a registered mortgage broker and regulated by the Bank of Spain which gives you total peace of mind on what they have to offer.

Mortgage types in Spain currently are:

Non-Resident Mortgage:

A non-resident Spanish mortgage refers to a lending agreement that is offered to individuals who are not tax residents in Spain.

As a non-resident in Spain, you will typically be offered:

•  A mortgage of between 60% and 70% of the property price or valuation.
• Mortgage terms of  20 to 25 years, depending on the applicant’s age.

Getting a mortgage as a non-resident in Spain can be challenging, that is why we recommend you count on us to help you along the way!

Resident Mortgage

Whether or not you are considered a resident in Spain depends entirely on where you pay your taxes, not your nationality or even “residencia” status. If you pay your taxes in Spain and your income is coming in euros, then you are a tax resident.

For Spanish resident mortgages, you can expect to borrow up to 80% of the purchase price of the property. Mortgage terms extend up to 30 years, considering the applicant would have repaid the mortgage by the age of 75.

The benefits of using us:

• Work with a registered mortgage broker, so you get all guarantees of working with qualified agents who will make sure the conditions of your mortgage are fair.
• Increase your chances of getting a mortgage, as we will submit your application to several banks at the same time.
• Increase your chances of getting a good mortgage deal, as we will always get banks to offer their best rate possible.

What is key in selecting a mortgage?

1 Loan to value (LTV%) – This is the % of your purchase price the bank is ready to finance you.

2 Type of mortgage – Is the interest rate fixed or variable?
3 Interest rate (i%) –  How much is the bank charging you for your loan.
4 Set up cost – How much are the set up costs of the mortgage?
5 Combined sale products – Do you have to take bank’s products together with the mortgage? Is their cost reasonable? Do I need them?

The process could not be easier to apply for a Mortgage. Simply fill out our form and we will then pass on your details to the Mortgage Broker who will then contact you and take it from there.

Subject to giving all the required information, our mortgage broker could have an offer to you as quick as 4-5 days.

Our aim for all of our clients whether they are selling or buying is to;
DREAM – BELIEVE – ACHIEVE!