Mortgage for foreign buyers
Can foreign buyers obtain a mortgage in Spain, and on what terms?
Yes. Non-resident foreigners can obtain a mortgage from a Spanish bank — typically up to 60–70% of either the purchase price or the official appraisal (banks always use the lower of the two values). Anteris works with banks and appraisers who handle international clients regularly and helps compare mortgage offers.
Banks assess three main criteria. Income — typically 2–3 years of tax returns plus current income certification; salaried employment is treated more favourably than self-employment, though stable self-employment with consistent history also qualifies. Age — the mortgage term must end before age 75. Down payment — banks finance up to 60–70% of the lower of two values (purchase price vs. official appraisal, tasación), so the buyer must cover the remaining 30–40% plus all transaction costs (~12.5% of purchase price).
Interest rates in early 2026: fixed (fijo) around 3.0–3.5% depending on profile and term; variable (variable) Euribor + 0.8–1.5%. Terms for foreign clients can be slightly less favourable — banks add a premium for currency and information risk, which a strong income profile and above-minimum deposit can partly offset. If a foreign buyer has been a Spanish tax resident for at least 1–2 years, they can apply for a mortgage on the same terms as local clients — and finance even 80%+ of the purchase price.
Mortgage costs beyond interest: origination fee (0–1%), property appraisal (€300–700), AJD on mortgage deed registration (paid by the bank since 2019 — so not a buyer cost), mandatory property insurance (€300–600/year), optional life insurance.
Timeline: pre-approval (conditional approval based on initial documents) 2–3 weeks; tasación and final decision another 4–6 weeks. In practice, when planning a mortgage-financed purchase, allow at least 60–75 days for the notary deadline in the contrato de arras.
Anteris works with dedicated advisors at several Spanish banks who handle international clients daily — this typically accelerates decisions by 1–2 weeks and gives access to relationship-banking terms rather than off-the-shelf offers.
Last reviewed: 20260514