Spanish Mortgage Guide for Non-Residents 2026

Spanish banks lend actively to non-resident buyers on residential property. The typical 2026 offering for non-residents is 60–70% LTV, 5–10 year fixed or variable indexed to Euribor, term up to 25–30 years subject to age limits, with documentation requirements that are more demanding than a Spanish resident's but well-trodden.

The lender landscape

The main international-friendly Spanish lenders for non-residents are Banco Sabadell, CaixaBank (via the international desk), Bankinter, Santander (international banking), and the local arm of several international banks (BNP Paribas, Société Générale via specific products). Each has different appetite, documentation requirements and pricing — using a Spanish mortgage broker who works with non-residents (e.g. Mortgage Direct, Spectrum IFA) usually speeds the process and improves terms.

Typical 2026 terms

Non-resident LTV: 60–70%. Resident LTV: up to 80%. Rate: 3.0–4.5% fixed depending on borrower profile, or Euribor + 0.8–1.5% variable. Term: up to 30 years subject to age cap (typically borrower age + term ≤ 75–80). Arrangement fee: 0.5–1.5% of loan. Mortgage tax (AJD): paid by the bank since 2018. Mandatory insurance: home insurance and often life insurance bundled.

Documentation

Passport, NIE, last 6 months bank statements, last 2 years tax returns, salary slips if employed (3 most recent), company accounts and dividend history if self-employed, full asset and liability statement, and proof of source of funds for the deposit. Foreign-language documents typically require certified Spanish translation. Plan 4–8 weeks from application to formal offer.

Frequently asked questions

Can I get 100% mortgage as a non-resident?

No. Non-resident LTV maxes out around 70% for residential, occasionally 75% for very strong profiles.

Are fixed-rate mortgages available?

Yes — Spanish lenders have offered competitive long-term fixed rates throughout 2024–2026, often the best option for non-resident borrowers.

Should I borrow in EUR or in my home currency?

Most non-residents borrow in EUR to match the property's currency. Borrowing in a foreign currency against a EUR asset introduces meaningful FX risk.