financing

What loan-to-value (LTV) can I get on a Spanish mortgage?

Loan-to-value ratios for Spanish mortgages depend on your residency status and the property type.

Residents can typically borrow up to 80% LTV for their primary residence, meaning you need a 20% deposit.

For non-residents, the maximum is usually 60-70% LTV, requiring a 30-40% deposit.

For second homes (even for residents), LTV is typically capped at 60-70%.

Some banks may offer higher LTV for high-value properties or clients with strong financial profiles.

Remember that the bank's valuation may differ from the purchase price — the mortgage is based on the lower of the two.

Additionally, you need cash for purchase costs (taxes, legal fees, notary) which add 10-14% on top.

So for a non-resident buying at 60% LTV, the total cash needed is approximately 50-54% of the purchase price.

WOW-Estates helps clients plan their financial requirements accurately.