Mortgages for foreigners in Spain

We arrange your mortgage for foreigners free if you buy with us

We get you the best mortgage in Spain for non-residents so you can buy your home with every facility.

We guarantee you the best offer on the market for your mortgage. Our advisor will take care of everything for you and screen the mortgage market to get you the best terms.

We negotiate directly with each bank to always find the best mortgages for our clients, whatever their situation.

Whether you're Spanish or a foreign national, if you don't live in Spain and want a mortgage to buy a home, we'll get you the best mortgage for your profile.

Request your free advice with no obligation whatsoever. We'll tell you all your options and every step you need to take.

Steps to get a mortgage for foreigners

Steps in our method for getting the best mortgage to buy in Spain:

• Financial advice: we build your profile to tell you the mortgage requirements and conditions.
• Submitting the mortgage: we submit your mortgage to different banks on your behalf according to your needs.
• Negotiating the terms: Once we have a response from all the banks, we negotiate directly with each one to lower the interest rate and secure you the best terms.
• Choose your mortgage: all the bank offers will be presented and explained to you so you can choose the mortgage you want.
• Valuation: we manage and accompany the valuer.
• Support at the notary: on the day of signing before the notary, your personal advisor will be with you, just as throughout the whole process.

Mortgages for non-resident foreigners in Spain

When buying a home in Spain as a foreigner, there are two options:

• Apply for the mortgage in the country where the buyer lives .
• Apply for the mortgage in Spain.

Both options are valid and equally attractive for the client. The choice will depend on the options the client has and the type of mortgage they need.

The right approach would be to study all the options y screen the market to analyse all the features of each mortgage and choose the one that suits you best.

At Valoracasa Estate Agents we arrange all kinds of mortgages in Spain and guarantee our clients the best market terms for their mortgage.

Mortgages for foreign residents

Foreigners living in Spain can apply for a mortgage with the same features and terms as Spanish residents, and can apply for any kind of mortgage from any bank.

As for the mortgage terms, such as the term, the amount or the interest rate, they are the same for all residents in Spain, regardless of nationality.

Obviously all clients, foreign or not, must meet the bank's requirements to get a mortgage.

As always, the mortgage terms will depend on the client's profile, the bank they apply to and how well the client is able to negotiate.

At Valoracasa Estate Agents we take care of every step needed for the client to get a mortgage on the best terms.

Mortgages for foreigners in Spain

We arrange your mortgage free if you buy with us. Our advisors will take care of everything for you to get you the best mortgage, and you'll save a lot of time and money.

We'll assign you a financial advisor who will be with you throughout the process and personally manage your mortgage and all the necessary documents.

Thanks to our free financial study we'll tell you all the steps and requirements to get a mortgage for foreigners in Spain.

In the consultation we'll explain in full detail:

• Feasibility of the transaction
• • Percentage to be financed.
  • Type of mortgage: fixed, mixed or variable.
  • Monthly payment.
  • Term.
  • Purchase costs and mortgage costs.
  • Deposit required.
  • Bank tie-ins: insurance, cards, etc.

Once we've built a profile, we'll submit the mortgage to several banks and negotiate the terms for you, without you having to worry or waste your time.

We'll keep you informed in real time and help you choose the mortgage that suits you best, supporting you at every stage and acting as your direct link with the banks.

We act as intermediaries with the main banks and guarantee you the best market terms for your mortgage.

Our mortgage department will advise you free of charge on the different options for your profile and get you the highest loan-to-value at the lowest interest rate.

You decide what your mortgage looks like. Just request your completely free financial advice and our mortgage advisor will assist you.

We can advise you by phone so you don't have to travel, or in person at any of our offices.

Mortgages for Spanish nationals not resident in Spain

One of the main features of non-resident mortgages is that you're offered a smaller amount and a shorter term than a resident:

• Shorter term: while resident mortgages can last up to 40 years, non-resident mortgages have a maximum term of 20 years.
• Smaller amount: for resident mortgages, the bank usually finances between 50% and 70% of the lower of the purchase price and the valuation.

Features of mortgages for people who want to buy a house in Spain from abroad

Before going into detail, it's worth noting that all foreign nationals who pay tax in Spain can apply for a "traditional" mortgage, as non-resident mortgages don't depend on the applicant's nationality but on where they pay their taxes, in other words, where their tax residence is.

Everyone else, that is, both Spanish nationals who no longer live in Spain and foreigners whose tax residence isn't in Spain, will need to apply for a non-resident mortgage.

The the terms of non-resident mortgages are usually stricter than those of traditional ones.

That's why non-resident mortgages usually have:

• A shorter repayment period: the maximum term to repay the mortgage is usually 20 years, 30 at most, as with resident mortgages. In any case, it will depend on the client's age.
• A lower financing percentage: in most cases the lender will lend 50% of the purchase price, although this can rise to 80% if the client has a good profile.

To take out a non-resident mortgage, as with any other, clients must prove they have sufficient solvency and financial stability to meet the repayments.

As we've seen, when buying a home in Spain from abroad, it's better to take out a mortgage in Spain.

• Where do you apply for the mortgage if you want to buy a house in Spain from abroad?

  More and more foreign individuals and investors want to buy a house in Spain, either as a second home or to rent out for a return. That's because investing in property in Spain is, in general, a safe bet with a high return.

  In fact, approximately 10% of the mortgages taken out in Spain went to foreign clients, which is a figure worth noting.

  Málaga has also gained a very significant international profile and is on the radar of major investment funds as one of the areas with the highest returns and the greatest growth potential.

  But what happens if we want to buy a house in Spain from abroad? Where can you apply for your mortgage?

More and more foreign individuals and investors want to buy a house in Spain, either as a second home or to rent out for a return. That's because investing in property in Spain is, in general, a safe bet with a high return.

In fact, approximately 10% of the mortgages taken out in Spain went to foreign clients, which is a figure worth noting.

Málaga has also gained a very significant international profile and is on the radar of major investment funds as one of the areas with the highest returns and the greatest growth potential.

But what happens if we want to buy a house in Spain from abroad? Where can you apply for your mortgage?

• Where do you apply for the mortgage when buying a house in Spain from abroad?

  Although, as we noted, more and more foreigners are interested in living in Spain, there's a lot of uncertainty about where they should apply for the mortgage. There's no single answer to this question, since every case is different.

  In general, the whole process can be done remotely and the signing can be done through a representative, so you won't need to travel to Spain if it isn't possible.

Although, as we noted, more and more foreigners are interested in living in Spain, there's a lot of uncertainty about where they should apply for the mortgage. There's no single answer to this question, since every case is different.

In general, the whole process can be done remotely and the signing can be done through a representative, so you won't need to travel to Spain if it isn't possible.