Make your Spanish property dream a reality
Let the Spanish mortgage experts come to you
Funding for 300,000+ euro villas and apartments
Specialist service for Americans buying in Spain
Mortgages for homes across Spain including Barcelona, Ibiza and Marbella
Submit Your Spanish Mortgage Enquiry
Your Spanish Mortgage was set up to make the process of securing a mortgage and moving to Spain easier.
Millions of British people dream about moving to Spain and buying a home in stunning destinations like Barcelona, Ibiza or Marbella.
As part of our service, we ensure borrowers understand how Spanish mortgages work, how much they could borrow and how much a Spanish mortgage costs.
We work with a range of trusted contacts at Spanish banks, estate agents, buying agents, tax specialists, noteries, currency exchange companies and removal firms.
Yourspanishmortgage.co.uk is run by mortgage specialist Aaron Strutt, and expert Spanish mortgage adviser Stevan Paul.
Recommended Spanish Mortgage and Moving Specialists
Contact our mortgage, legal, property & removals specialists.
Over the years we have built up a range of contacts who want to work with and help mainly British people to build a new life in Spain.
Our guide has been developed to highlight companies providing excellent customer service to their customers.
Visit Our Spanish Mortgage & Property Blog
Visit our blog to find our the latest Spanish mortgage and property news.
Spanish Mortgages for International Buyers and Non-Residents
You do not need to live in Spain or earn your income in euros to apply for a Spanish mortgage. Many international buyers can explore mortgage options as non-residents, subject to the lender’s eligibility criteria, income assessment and property requirements.
Your Spanish Mortgage has access to lenders offering Spanish mortgages if you live outside of Spain. Our experts help British, US, German, Dutch, Belgian, Irish and French nationals as they are regular non-resident buyers in Spain.
Frequently Asked Questions
Can I get a Spanish mortgage if I’m paid in a foreign currency?
Yes. Spanish banks can accept mortgage applications from borrowers earning in foreign currencies, subject to affordability checks and lender criteria. Commonly accepted currencies include British pounds (GBP), US dollars (USD), Canadian dollars (CAD), Swiss francs (CHF), Norwegian kroner (NOK), Swedish kronor (SEK) and Danish kroner (DKK). Some lenders may also accept other currencies, such as UAE dirhams (AED).
Acceptance varies by bank, and lenders may adjust the income they count to account for exchange-rate fluctuations. Your eligibility will depend on your income, financial circumstances and the lender’s requirements.
Is there a minimum or maximum Spanish mortgage loan amount?
The minimum mortgage amount is normally €100,000 euros with no maximum loan size.
How much deposit do you need for a Spanish mortgage?
Non Spanish resident buyers will need a 30% deposit, so 70% of the purchase price.
Costs and fees will normally be between 8% and 14% of the purchase price.
What sort of Spanish property can I purchase? and can I let the property out?
Spanish mortgage lenders prefer urban properties designed for residential use but they can also provide funding for rustic homes and investment properties .
You will typically be allowed to let properties while you are not staying at the property. Spanish lenders do not typically offer buy-to-let mortgages that are bought purely for investment purposes.
Do I need to have found a property to get a mortgage in principle?
No. A huge number of buyers lose properties because they do not have the finance in place.
It is important to get a mortgage in principle in place before you submit an offer to buy a Spanish property.
This gives you an indication of how much you may be able to borrow and helps you set a realistic budget when searching for a home. The final mortgage offer will depend on the property you choose, a full financial assessment and the lender’s valuation and approval.
Is buying a property in Spain safe?
Spain has a very secure property purchase system using 'seller reservation agreements'.
Once you decide to buy a property and a price is agreed you will have to enter into an ARRAS contract. You typically put down a 10% deposit and agree to complete within two months. Unlike the UK system, if the seller pulls out, they have give you double the ARRAS amount back.
All property completions are done through a Spanish notary and sent to the registry. This process is even safer when you take a mortgage because the lender will ensure the property is legal and properly registered and that it values up. The banks legal agents will also double check the property is correctly registered and all costs are settled.
In short, the banks oversee the security of the transaction between the buyer and seller.
Which documents do I need to provide for a Spanish mortgage?
Spanish banks would typically ask for the following information as part of the mortgage process:
•Completed mortgage application form – some lenders can use forms you have completed for another bank.
•Passports and NIE’s if available.
•Work contract, last P60 or equivalent and last three payslips if employed. Last three years complete person tax returns and last three years company accounts if self-employed.
•Copy of tenancy agreement of any buy-to-let properties, or portfolio excel if numerous.
•Last six months' bank statements showing any income received and mortgages, loans or rent paid. Last six moths statements of savings and assets, also excel statement of assets and liabilities if numerous.
•Copy of credit report showing current mortgages and loans. Or statements from the lender where doesn’t appear in report.
•Advert and nota simple of property looking at and the property reservation agreement if completed.
How long does the process normally take to buy in Spain?
Our specialists can get mortgages agreed very quickly.
Once the mortgage application is submitted a decision in principle normally comes back within a few days. The property valuation often takes a week.
Once the mortgage and property is approved, the formal mortgage is offered and it needs to be signed digitally.
The property can then be uploaded to the notary service which then starts the legal cooling off period in Spain which lasts for ten days.
After the ten days, completion can happen at the notary providing the 'transparency act' (a type of mortgage quiz) has been signed with the notary at least a day before completion of the purchase.
What Our Customers Say
We have some fantastic reviews from satisfied clients
James Hall
Your Spanish mortgage specialist helped me get a great mortgage. Thank you.
Peter Hughes
Supportive, helpful, a tentative and responsive and all-round a pleasure to deal with.
Sarah Davis
Your mortgage contacts helped me get my dream holiday home.
David Smith
You made the process of buying a property in Spain more straightforward. I would recommend the service.