Spain mortgage guide
Mortgage in Spain for Foreigners
Yes — foreigners can get a mortgage in Spain. Non-residents are typically offered 60–70% loan-to-value, residents up to 80%. You'll need a Spanish NIE, a Spanish bank account, documented income and a 30–40% cash deposit plus 10–15% in taxes and fees. This 2026 guide explains how mortgages work in Spain for foreign buyers, what documentation lenders expect, and how to choose a broker.
Resident vs non-resident
Residency status is the single biggest driver of indicative LTV in Spain. Non-residents are typically positioned around 60–70% LTV, residents up to ~80%, subject to lender assessment. Spanish lenders work routinely with UK, EU, US, Canadian, Norwegian, Swiss and most other foreign nationalities.
Employment matters
Salaried profiles tend to be processed fastest. Self-employed, company owners, remote workers and investors often require 2–3 years of additional documentation and benefit from brokers experienced with their profile.
Total cost of buying
Plan for approximately 10–15% of the purchase price in taxes and fees on top of the property price and any down payment. Madrid is at the lower end (~9%), Catalonia and the Balearics at the higher end (~13%).
Frequently asked questions
Can foreigners get a mortgage in Spain?
Yes. Spanish banks routinely finance foreign buyers from the UK, EU, US, Canada, Norway, Switzerland and most major countries. Indicative LTV is generally 60–70% for non-residents.
Is the mortgage process different for foreigners?
Documentation requirements are typically more extensive (often requiring translation), and indicative LTV ranges are usually lower for non-residents than for residents.
Can I apply remotely?
Many brokers and lenders support remote onboarding, although a physical presence may be required for the notary signing (or you can grant power of attorney to a lawyer).
Check your mortgage readiness
Get an indicative borrowing range, monthly cost estimate and a shortlist of mortgage brokers that may match your profile. Free, no credit check, no obligations.
Start mortgage check