Before you fly
Spanish mortgages for non-residents
What lenders ask for, how the sequence fits the purchase and what you should have ready in cash.
7 min readLast reviewed August 2026
At a glance
- Typical non-resident lending
- 60%–70% LTV
- The bank uses the lower of price or its valuation.
- Cash before costs
- 30%–40% of the price
- Buying costs sit on top of that deposit.
- Mortgage approval
- 8–12 weeks
- Start before the viewing trip if the budget depends on it.
Start with the cash, not the monthly payment
For a €400,000 home, a typical non-resident loan sits between €240,000–€280,000. That leaves €120,000–€160,000 of the price to bring in cash before taxes and professional costs are added.
The live buying-cost calculator can add the valuation and show the public mortgage service's current indicative monthly figure. It is a planning number, never a bank offer.
A non-resident example at €400,000
The range reflects the common loan-to-value band. Your income, currency, age, term and the bank's valuation decide the real offer.
| Cost item | Amount | Note |
|---|---|---|
| Likely loan range | €240,000–€280,000 | Based on 60%–70% of the price. |
| Cash deposit before costs | €120,000–€160,000 | Buying taxes and professional costs remain separate. |
| Indicative monthly payment | Use the live calculator | Current reference assumptions are fetched only when you reveal the mortgage note there. |
Indicative, not an offer
The current monthly planning figure
This uses a €400,000 resale on the Costa del Sol with a 30% cash deposit. The public mortgage service supplies the current reference rate; a bank still decides the real term and offer.
The bank route beside the purchase
Get agreement in principle
Share income, debt, deposit and tax-residence evidence before you rely on a borrowing budget.
Before offering
Value the chosen home
The bank appoints an approved valuer and bases its loan percentage on the lower accepted value.
After the property is agreed
Review the FEIN
The binding offer sets the rate, term, payments and conditions under Ley 5/2019.
Cooling-off period of 10 days
Complete both deeds
The purchase and mortgage are signed at the notary, with the bank's funds joining your balance.
Alongside the purchase
The bank term worth recognising
FEIN
The bank's binding mortgage offer, issued before the statutory cooling-off period.
Questions to answer before borrowing shapes the search
Can I get a Spanish mortgage as a non-resident, and how much will a bank lend?
Yes. Non-resident lending is commonly 60%–70% of the lower of price or valuation, so plan to bring 30%–40% of the price plus buying costs in cash. Start before you offer because approval commonly takes 8–12 weeks.
When should I exchange my money into euros?
The exchange-rate exposure often sits between arras and completion, a period commonly lasting 30–90 days. A forward contract can lock a rate for that window, while source-of-funds documents should be prepared before any large transfer.
When you are ready
We will introduce you to the right local expert
Tell us the coast you are drawn to and the home you are hoping to find. One considered introduction, in your language.
Use this guide to know what to ask and what to expect. Your own lawyer will confirm the details for your home, and we can introduce you to one we trust.