Buying property in Spain as a foreigner does not mean you have to pay cash. Spanish banks actively lend to non-residents, and mortgage conditions have become increasingly competitive. This guide covers everything you need to know about financing your Spanish property purchase in 2026.
Yes. Spanish banks offer mortgages to both EU and non-EU nationals, whether you are a tax resident in Spain or not. The main differences between resident and non-resident mortgages are the loan-to-value (LTV) ratio and sometimes the interest rate.
| Feature | Resident Mortgage | Non-Resident Mortgage |
|---|---|---|
| Maximum LTV | Up to 80% | Up to 60–70% |
| Minimum deposit | 20% | 30–40% |
| Maximum term | Up to 30 years | Up to 20–25 years |
| Interest rates | Slightly lower | Slightly higher |
| Age limit | Loan must end by age 75–80 | Loan must end by age 70–75 |
| Income verification | Spanish tax returns | Home country income proof |
Your interest rate stays the same for the entire loan term. Provides certainty and predictable monthly payments. In 2026, typical fixed rates for non-residents range from 3.0% to 4.5%.
Based on the Euribor (European interbank rate) plus a bank margin. Reviewed every 6 or 12 months. Currently competitive, but payments can rise if Euribor increases. Typical margins: Euribor + 1.0% to 2.0%.
Fixed rate for an initial period (typically 3–10 years), then switches to variable. A popular compromise.
| Document | Details |
|---|---|
| NIE number | Your Spanish identification number for foreigners (essential) |
| Passport | Valid passport copy |
| Proof of income | Last 3 months’ payslips, or 2 years’ accounts if self-employed |
| Tax returns | Last 2 years’ tax returns from your home country |
| Bank statements | Last 6 months showing regular income and deposit savings |
| Employment contract | Current contract or letter from employer |
| Credit report | From your home country (some banks request this) |
| Existing debts | Details of any current mortgages, loans, or credit cards |
| Property valuation | Arranged by the bank’s appointed valuer (tasación) |
| Cost | Typical Amount |
|---|---|
| Valuation (tasación) | €300 – €600 |
| Arrangement fee (comisión de apertura) | 0% – 1% of loan amount |
| Notary and registry fees | €600 – €1,500 |
| Mortgage tax (AJD) | Paid by the bank since 2019 |
| Life insurance (often required) | Varies — often bundled for a rate discount |
| Home insurance (required) | €200 – €500/year |
At Mediter Real Estate, we work with mortgage brokers and Spanish banks across the Costa Blanca, Costa Cálida, Costa del Sol, and Costa Almería to help our buyers secure the best financing for their purchase.
Contact us today and we’ll connect you with trusted mortgage advisers.
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