Can a non-resident get a mortgage in Spain? How much banks lend

How much

Residents can borrow up to 80%. Banks usually offer non-residents 60% to 70%, and less if their income is hard to prove. The bank lends against its own valuation or the price, whichever is lower.

Interest rates

Broker guides for 2026 put fixed rates for non-residents at roughly 3% to 4.5%. The rate on a variable loan is the 12-month Euribor plus a margin. Ask for the offer in writing. Compare the total cost, not the headline rate.

What the bank checks

Banks look at your income, the debts you already have and your age. As a rule, all your loan payments together should not be more than about a third of your net income. The loan should end before you are 75.

Documents

Expect to hand over your passport and NIE, recent payslips or company accounts, tax returns, bank statements, a credit report from your home country and the reservation contract.

Timing

Approval takes four to eight weeks. If you can, make the private contract depend on getting the mortgage. If you cannot, get the bank's approval in principle before you sign it.

Costs

The bank pays the notary, the Land Registry and the stamp duty on the mortgage deed. You pay for the valuation and any arrangement fee. Many banks ask you to take their insurance.