Buying a luxury villa, a large family home or a high-value holiday property in Spain often requires a more specialist approach to mortgage finance. If you are looking to borrow €500,000 or more, earn income overseas, own a business or have substantial assets, it is worth exploring private banks and specialist international mortgage lenders alongside mainstream Spanish banks.
Several private banks and Spanish lenders offer routes worth investigating for high-value property purchases. However, their eligibility criteria, minimum loan amounts, loan-to-value limits and approach to international income vary.
At Your Spanish Mortgage, Stevan Paul from Mortgage Direct helps buyers explore Spanish mortgage options for larger property purchases, including cases involving complex income, overseas business ownership and substantial borrowing requirements.
Which private banks offer mortgages for property in Spain?
The following banks are worth investigating when arranging finance for a luxury Spanish property. Availability depends on the borrower’s circumstances, the property and the lender’s current criteria.
1. SEB: High-value mortgages for Spanish property
SEB is an international banking group that explicitly offers financing for property purchases in Spain through its private wealth services.
Its published Spanish property mortgage offering has included:
- A minimum loan amount of €500,000.
- A maximum loan-to-value ratio of up to 75%.
- Mortgage terms of up to 20 years.
- Euro-denominated variable-rate lending.
- Potential interest-only arrangements, subject to approval.
These are published product parameters rather than guaranteed terms for every applicant. Buyers should confirm the current conditions and eligibility requirements directly with the bank.
SEB may be worth investigating if you are purchasing a luxury villa, a substantial holiday home or another high-value residential property in Spain and require a large mortgage.
2. Santander Private Banking: International property finance
Santander Private Banking UK advertises support for eligible clients purchasing homes in Spain and Portugal.
Its private banking service can connect clients with specialists who understand international property finance. This may be relevant to buyers with overseas income, substantial assets or complex financial arrangements.
Santander also has a separate Spanish mortgage business that offers mortgage products to non-residents purchasing second homes in Spain.
It is important to distinguish between these services. Access to Santander Private Banking does not automatically mean that a buyer qualifies for a particular Spanish mortgage or that an independent broker can submit an application directly to its private banking team.
For high-value purchases, the relevant lending team should confirm the available loan sizes, deposit requirements, eligible nationalities and treatment of foreign-currency income.
3. Société Générale Private Banking: International real estate finance
Société Générale Private Banking offers real estate financing services for eligible private banking clients, including international property financing opportunities.
Depending on the relevant banking entity and the client’s circumstances, financing may be available in different currencies and through different repayment structures.
This could make the bank worth investigating for wealthy international buyers, business owners and clients whose income or assets are spread across several countries.
Eligibility, minimum borrowing amounts, Spanish property coverage and access through external mortgage brokers must be confirmed directly with the relevant team.
4. Deutsche Bank Private Bank: Spanish Mortgages for High-Value Property Buyers
Deutsche Bank is an international banking group with an established presence in Spain. Its Spanish business offers residential mortgage products alongside private banking and wealth management services.
For buyers purchasing a luxury villa, a high-value holiday home or a substantial family property in Spain, Deutsche Bank may be worth investigating as part of a wider mortgage search.
What makes Deutsche Bank worth considering?
- Residential mortgage options: Deutsche Bank Spain offers mortgage products for purchasing a home, alongside options for refinancing and financing major renovations.
- Private banking expertise: Its private bank provides personalised financial services for affluent clients, entrepreneurs and business-owning families.
- International banking experience: Its wider international network may be relevant to clients with cross-border financial arrangements.
- Broader financial needs: Eligible private banking clients may be able to discuss mortgage finance alongside their wider banking, investment and wealth management requirements.
Deutsche Bank’s private banking and mortgage services are separate considerations. A buyer should not assume that private banking status automatically qualifies them for a larger mortgage or preferential lending terms.
For non-residents and international buyers, the important questions include whether the bank will accept their nationality and country of residence, how it assesses overseas income, and what borrowing limits apply to the specific property.
Can Deutsche Bank finance a luxury villa in Spain?
Potentially, subject to the relevant mortgage product, property valuation, affordability assessment and approval. Buyers seeking substantial borrowing should confirm the bank’s current minimum and maximum loan amounts, loan-to-value limits and treatment of income earned outside the eurozone.
For company directors and entrepreneurs, it is also worth establishing what business accounts, tax returns and other financial evidence will be required.
Deutsche Bank is therefore a potential lender to investigate for buyers seeking a Spanish mortgage, especially where private banking services may also be relevant to their wider financial circumstances.
Which Spanish banks offer mortgages for high-value homes?
Private banks are not the only option for buyers looking to finance expensive property in Spain. Some Spanish retail banks also provide mortgages to non-residents and international purchasers.
Banks worth investigating include:
- Banco Santander: Spanish residential mortgages for eligible non-residents, with separate private banking services for certain clients.
- Bankinter: Mortgage options that may be relevant to overseas property buyers, subject to current eligibility criteria.
- CaixaBank: International banking services for foreign buyers through its HolaBank proposition.
- Banca March: Private banking and mortgage services that may suit some affluent buyers and non-residents.
Not every bank will offer the same maximum loan amount or accept the same financial circumstances. For larger purchases, the key is to identify the lending team and product that fit the buyer rather than assume that a familiar banking brand will be the best option.
Can you get a €500,000 or €700,000 mortgage to buy a villa in Spain?
Yes, mortgages of this size may be available, subject to lender criteria, affordability, valuation and approval.
For example, consider a buyer purchasing a villa valued at €1 million and seeking a mortgage of €700,000.
The proposed loan-to-value ratio would be 70%, assuming the lender accepts the €1 million valuation. The buyer would need to provide the remaining €300,000 towards the purchase price, as well as funds for applicable taxes, legal fees and other buying costs.
Whether a lender will approve this amount depends on several factors:
Income and affordability: Can the borrower demonstrate sufficient sustainable income to cover the mortgage and existing commitments?
Currency of income: Will the lender accept income paid in US dollars, pounds sterling or another currency when the mortgage is denominated in euros?
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