Spanish Mortgage for Non-Residents: Complete Guide

Spanish banks regularly offer mortgages to non-resident foreign buyers, making property ownership accessible even without full upfront capital.

Non-residents can typically borrow 60-70% of the property's valuation (LTV), with residents getting up to 80%.

Current interest rates (2025) range from 2.5-4.5% for variable rates (linked to Euribor) and 3-5% for fixed rates.

Terms up to 25 years are common, with a maximum term often capped so the loan ends before age 75.

Required documents typically include: NIE, passport, proof of income (payslips, tax returns), bank statements (6-12 months), employment contract, and a credit report from your home country.

The property must be appraised by an approved valuer (tasación).

Application to approval usually takes 4-8 weeks.

WOW-Estates partners with specialist mortgage brokers who work with multiple Spanish banks to secure the best rates and terms for international buyers.