Mortgage in Spain for Non-Residents: How to Get the Best Deal

Buying a property in Spain is a dream for many international buyers — whether it’s a holiday home, a relocation plan, or an investment opportunity. But when it comes to financing, understanding how mortgages in Spain for non-residents work is essential.

At HipotecaNow, we specialise in helping foreigners and expats get the right mortgage in Spain, guiding you through every step — from the initial calculation to the signing at the notary. Our goal is simple: make the process clear, secure, and fully online, no matter where you live.

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Can You Get a Mortgage in Spain as a Non-Resident?

Yes, you can — but conditions differ from those offered to Spanish residents. Most banks in Spain are open to financing foreign buyers, but they tend to be more conservative with the loan-to-value (LTV) ratio.

Typically, non-residents can borrow up to 60–70% of the property value, while residents can reach 80% or even 90%. This means you’ll need to contribute around 30–40% of the purchase price plus associated costs (taxes, notary, registry, etc.).

The good news? With the help of a mortgage broker in Spain like HipotecaNow, you can access banks that offer flexible terms, English-speaking service, and competitive interest rates for international buyers.

💡 Tip: Some banks offer better rates if your income is in euros or if you buy a property in a high-demand area such as Madrid, Barcelona, or the Costa del Sol.

How to Get a Mortgage in Spain

The process of getting a mortgage in Spain is straightforward when you know what to expect. These are the key steps:

Mortgage pre-approval

You start by providing proof of income, tax returns, and identification. The bank or your broker analyses your financial stability and determines how much you can borrow.
At HipotecaNow, we offer a mortgage calculator for Spain to estimate your monthly payments and get a realistic picture before applying.

Property selection and valuation

Once you choose your property, the bank orders an official valuation (tasación) to determine its market value. The loan amount will be based on the lower of the purchase price or the valuation.

Pareja en frente de su casa

Offer and approval

After reviewing your documents, the bank makes a formal offer with details about the interest rate, term, and total costs.
As your mortgage broker in Spain, we help you compare offers from different banks and negotiate better conditions — saving you both time and money.

Signing at the notary

Once the offer is accepted, you’ll sign the mortgage deed and purchase contract before a notary in Spain. You can attend in person or grant a power of attorney if you’re abroad.

Documents Required for a Spanish Mortgage

The paperwork for a mortgage in Spain for non-residents is fairly standard, but must often be translated and legalised (Apostille of The Hague). You’ll typically need:

  • Passport or ID
  • Proof of address and tax residency
  • Latest tax return (or equivalent from your country)
  • Last 3 payslips or proof of income if self-employed
  • 6 months of bank statements
  • Details of other loans or mortgages
  • Property purchase agreement (if available)

At HipotecaNow, we review all documentation before submission to ensure your file meets each bank’s criteria and to avoid delays or rejections.

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Mortgage Types Available in Spain

Foreign buyers can choose from different types of mortgages depending on their needs and financial situation:

Fixed-rate mortgage

You pay the same interest rate throughout the term — ideal for long-term stability and predictability.

Hipoteca tipo fijo

Variable-rate mortgage

Linked to the Euribor, this type fluctuates with the market. It may start cheaper but can vary over time.

Hipoteca tipo variable

Mixed mortgage

A combination of both: fixed for the first few years, then variable. It’s a popular middle ground for foreign investors.

Hipoteca tipo mixto

Try Our Mortgage Spain Calculator

Before applying, it’s smart to calculate what your monthly payments might look like.
Our mortgage in Spain calculator gives you an instant estimate based on your loan amount, term, and interest rate.

This helps you plan your budget and understand what’s affordable — whether you’re buying a coastal apartment, an investment property, or your future home in Spain.

Fixed mortgage simulator

With this fixed-rate mortgage calculator, you can find your mortgage payment in just a few seconds based on the principal, term, and interest rate.

Requirements to Get a Mortgage in Spain for Non-Residents

Spanish banks assess non-resident applicants carefully, but the process is transparent and predictable when you know what they look for.
Here are the main requirements for getting a mortgage in Spain as a foreign buyer:

  • Stable income: You should have a regular source of income, preferably from employment or self-employment with at least two years of history.
  • Debt-to-income ratio under 40%: Total monthly loan payments (including your Spanish mortgage) shouldn’t exceed 35–40% of your net income.
  • Clean credit record: Banks will usually request a credit report or equivalent proof of financial reliability.
  • Savings for the deposit and costs: You’ll typically need 30–40% of the property price plus around 10–12% for taxes and fees.
  • Property in Spain: The mortgage must be guaranteed by a Spanish property, usually the one being purchased.

💬 Tip: Banks are more flexible if you buy in established locations such as Madrid, Valencia, Costa Blanca, or the Balearic Islands — areas where the resale market is strong and property values are stable.

Buy-to-Let Mortgages in Spain

If you’re planning to buy property for rental income, you can apply for a buy-to-let mortgage in Spain. These products are open to both residents and non-residents, but they have slightly stricter criteria.

Banks usually assess the expected rental yield and may require a higher down payment (35–40% of the property value). The mortgage terms are similar to regular loans, though the bank might classify the property as an investment asset rather than a primary residence.

At HipotecaNow, we collaborate with banks offering competitive buy-to-let mortgages in Spain, ideal for investors looking to purchase apartments in tourist or high-demand areas.

👉 Our experts can help you find the right balance between financing costs and expected rental returns, ensuring your investment remains profitable.

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Taxes and Fees for Non-Resident Buyers

Buying property in Spain comes with certain costs and taxes that you should plan for from the start. Here’s what to expect:

  • Property Transfer Tax (ITP) — applicable to resale homes; varies between 6% and 10% depending on the region.
  • VAT (IVA) — 10% on new builds.
  • Notary and Land Registry fees — around 1–2% of the property price.
  • Valuation fee — typically between €300 and €600.
  • Bank arrangement fees — around 1% of the loan amount, though negotiable.

Additionally, as a non-resident property owner, you may have to file an annual non-resident tax return (IRNR) for imputed income or rental earnings in Spain.

At HipotecaNow, we’ll guide you through these obligations and put you in contact with tax specialists if needed.

How HipotecaNow Helps International Buyers

As an independent mortgage broker in Spain, HipotecaNow connects you directly with banks that finance non-residents and foreigners.
Our multilingual team handles the entire process so you can focus on choosing your property, not chasing paperwork.

Here’s how we make it easier:

  1. Personalised mortgage analysis according to your nationality, income, and property location.
  2. Access to multiple Spanish banks — we negotiate conditions and present the best options to you.
  3. Support in English (and other languages) throughout the process.
  4. Online management: all communication, documentation, and simulations are handled digitally.
  5. Full guidance until signing, whether you’re in Spain or abroad.

💡 We act on your behalf, not for the banks — ensuring you get a fair mortgage tailored to your real financial situation.

Contact with a mortgage broker

How HipotecaNow Helps International Buyers

  • Prepare your documents early. Translations, apostilles, and financial reports can take time, especially outside the EU.
  • Avoid new loans before applying. Keep your debt level low.
  • Maintain stable employment or income flow. Consistency is key for Spanish lenders.
  • Use a Spanish account. It simplifies payments and enhances credibility.
  • Work with a professional broker. We know which banks are more open to non-resident clients and can accelerate the approval.

Why Choose HipotecaNow for Your Mortgage in Spain

At HipotecaNow, we’ve helped hundreds of foreign buyers obtain mortgages in Spain for non-residents, always under transparent terms.
We know which banks are most receptive to international clients, and we handle the complex parts — currency, documentation, and legal requirements — on your behalf.

  • Access to exclusive agreements with Spanish banks.
  • Fast, online process tailored for expats and investors.
  • Independent advice with your best interest at heart.
  • End-to-end assistance, from first calculation to the notary signature.

If you’re wondering “Can I get a mortgage in Spain?”, the answer is yes — and we’ll help you make it happen.

We searched more than 20 banks for the best mortgage for non-residents.

Mortgage broker HipotecaNow reviews

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  • Estoy muy contenta con el servicio que me brindó Miguel, gracias por la dedicación y hacer mi sueño realidad de tener mi hipoteca en España, son 100% recomendados y confiables.
    Anais Rodríguez
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    María Rivas
  • Gracias a HipotecaNow pudimos hacer realidad nuestro sueño y ya somos propietarios. Gracias!!
    Adrià Pozuelo
  • He contratado el servicio de Miguel de Hipoteca Now, la verdad es que he quedado muy contento, prácticamente no he tenido que hacer nada durante todo el proceso, he conseguido mi objetivo sin problema y totalmente guiado!
    Mat Moreno
  • En primer lugar quiero agradecer a Ligia Luca quien nos acompaño en todo el proceso hipotecario. Se nota su excelente nivel y profesionalismo. Lo que más quiero destacar es su gran contención durante todo el camino de la hipoteca, es muy importante y ella lo sabe gestionar a la perfección. Si necesitas una hipoteca, ellos son los mejores sin duda!. Gracias Hipotecanow!
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  • Después de intentarlo directamente con el banco y tener que entregar un sin fin de documentos sin nunca llegar al final , decidí ponerme en manos de Hipotecanow, ellos se encargaron de todo y en menos de diez días la operación estaba aprobada y con bastante mejores condiciones que a mi me estaban ofreciendo los bancos, definitivamente muy recomendable. 👍
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  • No puedo estar más agradecida a Ligi por su excelente trabajo, por su profesionalidad y por su amabilidad. Da gusto pasar por un proceso que suele ser muy estresante y contar con alguien que se encarga de explicarte todo, de gestionar absolutamente cada detalle y restarte dolores de cabeza. Ah, y todo con una sonrisa y mucha cercanía. Recomendaría hipotecanow a cualquiera para gestionar su hipoteca de principio a fin, ya que la experiencia es de 10.
    Isabel Nebot

Faqs about Non-Resident Mortgages

Yes, any foreigner can buy a home in Spain, even if they don’t reside there. They just need to obtain a NIE (Foreigner Identification Number) and complete the legal and payment procedures.

Yes, non-residents can purchase without any problem. The process is the same as for residents, although they must use a Spanish bank account and declare the source of the funds.

It’s not mandatory, but it’s highly recommended. It makes paying taxes, mortgages, and expenses associated with the purchase and sale easier.

Yes, foreigners can apply for a mortgage in Spain. Financing is typically up to 70% of the property’s value, and proof of stable income and financial solvency is required.

You need a NIE (National Identity Document), a Spanish bank account, a sales contract, and proof of the source of funds. You must also pay the corresponding taxes.

You must obtain a NIE (National Identity Document), open a bank account in Spain, and formalize the purchase before a notary. Non-residents must declare their investment and pay the corresponding property taxes.

Through a simple legal process: obtain a NIE (National Identity Number), open an account, sign the contract before a notary, and register the property. No residency requirement; just comply with tax and source of funds regulations.

Start Your Mortgage Process Today

Spain continues to attract thousands of international buyers every year, and the mortgage options for non-residents have never been more accessible.
Whether you’re buying a seaside apartment, an investment property, or your future home under the sun, HipotecaNow is your trusted partner in financing your Spanish property.

📞 Contact HipotecaNow today to get your personalised mortgage quote and learn how much you can borrow.

Use our mortgage in Spain calculator to estimate your monthly payment and start your journey towards owning a home in Spain — wherever you are in the world.

I want a mortgage study NOW!