financing

What are current mortgage interest rates in Spain?

Mortgage interest rates in Spain fluctuate based on European Central Bank policy and the Euribor rate.

As of 2025, typical rates are: Fixed rate mortgages: 2.5-4.5% depending on term length and LTV.

Variable rate mortgages: Euribor + 0.8-2.0% spread.

Mixed mortgages: initial fixed period at 2-3.5%, then variable.

Non-resident rates are typically 0.5-1% higher than resident rates.

Banks compete for business, so rates can vary significantly between institutions.

Factors affecting your rate include: LTV ratio (lower LTV = better rate), income stability, credit history, banking relationship, and whether you take additional products (insurance, cards).

To get the best rate, apply to multiple banks or use a mortgage broker who can compare offers.

Banks also periodically run promotional rates.

Early repayment conditions and fees should be carefully reviewed alongside the interest rate.

WOW-Estates works with brokers who regularly compare and negotiate rates across major Spanish banks.