Mortgages for Non-Residents in Spain

Thinking of buying a holiday home or investment property in Spain, but you live abroad? You’re not alone. Spain continues to attract thousands of international buyers each year thanks to its sunny climate, rich culture and excellent lifestyle.

But what about financing? Can you get a mortgage in Spain if you don’t live there full time? Absolutely — and in this article, we’ll break it down through the questions we get asked most frequently by non-resident buyers.

1. Can a non-resident get a mortgage in Spain?

Yes. Spanish banks regularly offer mortgages to non-residents. In fact, there’s a well-established process for foreign nationals purchasing property in Spain, whether for holidays, relocation or investment purposes.

However, the conditions tend to differ slightly from those available to residents. That’s why it’s crucial to work with a broker who knows the market and can negotiate on your behalf.

2. How much can I borrow as a non-resident?

Non-residents can typically borrow up to 70% of the property’s purchase price or official valuation (whichever is lower). This means you’ll usually need to provide a 30% down payment, plus approximately 10–12% for taxes and fees (stamp duty, notary, registry, etc.).

💡 Pro Tip: Some banks may offer lower LTV (Loan-to-Value) ratios depending on the country of origin or the currency in which you earn income.

3. What are the typical mortgage terms for non-residents?

Spanish banks usually offer:

Up to 20 years repayment period for primary residences
Up to 15 years for second homes or holiday properties
Competitive fixed or variable interest rates — and in 2025, some fixed rates are available from just 1.65% TIN

The interest rates you receive depend on your income, currency, credit profile and the bank’s risk policy. That’s why comparison is key.

4. What currency can I earn in to apply?

Many Spanish banks accept applicants with income in major international currencies, such as:

Euros (€)
US Dollars (USD)
British Pounds (GBP)
Canadian Dollars (CAD)
Australian Dollars (AUD)
Mexican Pesos (MXN)

Keep in mind: the currency of your income must match the bank’s accepted currencies, or the mortgage may not be approved.

5. What documents do I need?

The good news: no need to apostille or translate your documents in most cases. Typically, you’ll need:

Valid passport
Proof of income (payslips, tax returns, employment contract or self-employment statements)
Recent bank statements
Credit report (depending on your country)
NIE (Número de Identificación de Extranjero – required to buy property in Spain)

🗂 We simplify the paperwork — our expert brokers guide you step-by-step to ensure nothing’s missing.

🔹 6. Can I apply online?

Absolutely. With Hipoteclick, your application and communication can be done entirely online — perfect if you’re managing the process from abroad.

But we also provide what online banks can’t: real people who speak your language, know the local laws, and guide you throughout the process.

Agility of a digital service
Personal advice from real mortgage specialists
We compete with the banks — and always stay by your side

7. Do I need to open a bank account in Spain?

Yes. To pay the mortgage and other local expenses, you’ll need a Spanish bank account. Most banks require this and may offer better conditions if you open one with them.

Bonus: Some institutions (especially private banking services) even allow opening accounts in Luxembourg or offer tailored tax planning for international clients.

8. Do I need to travel to Spain to finalise everything?

While the property viewing and notarised signing are best done in person, many steps can be handled remotely. You can even appoint a power of attorney to handle tasks like opening a bank account, signing contracts or collecting your NIE.

9. Is the interest rate the same for non-residents as for residents?

In most cases, yes — especially if your profile is financially solid. In fact, some international clients benefit from competitive conditions very similar to residents, thanks to:

High income
Clean credit history
Low debt levels
Strong currency income (like USD or GBP)

In 2025, Hipoteclick offers fixed-rate mortgages from 1.65% TIN, even for non-residents. Some mixed-rate offers even start at 1.15% in the fixed period.

10. Is it worth using a mortgage broker?

If you’re abroad and don’t speak Spanish fluently, the answer is yes, definitely. Here’s why:

We speak your language (and the bank’s)
We negotiate better deals than what you might find alone
We compare real offers, not just simulator results
We guide you through legal, financial and tax considerations
We’re by your side until the signature

As we like to say: We compete for you, but we never leave you alone.

Bonus: What makes Hipoteclick different?

We’re not just another mortgage comparison website. Here’s what sets us apart:

Real personalised advice, not just an automated calculator
Bilingual brokers who simplify the process for international buyers
Access to exclusive bank deals, only available through expert negotiation
No pressure, no surprises, no hidden clauses
Total transparency from first contact to signature

Whether you’re dreaming of a beachfront flat in Marbella, a rustic finca in Mallorca or a city apartment in Madrid — we’re here to help you get the best possible financing.