How to Get a Mortgage in Spain: Complete Guide for International Buyers
Buying a property in Spain has become one of the most attractive investment opportunities for international buyers. Whether you’re drawn to the sun-soaked beaches of Valencia, the vibrant streets of Barcelona, or the elegant villas of Marbella, getting a Spanish mortgage as a non-resident is entirely achievable — with the right guidance. This is the definitive guide to the process.
Can Non-Residents Get a Spanish Mortgage?
Yes — absolutely. Spanish banks have specific non-resident mortgage products designed for foreign buyers. The key terms are:
| Feature | Non-Resident | Resident |
|---|---|---|
| Maximum LTV | 70% | 80% |
| Minimum deposit | 30% + costs | 20% + costs |
| Maximum term | 25 years | 30 years |
| Rate types | Fixed, variable, mixed | Fixed, variable, mixed |
| Nationalities accepted | Most nationalities | Spanish residents |
Step-by-Step: How to Get a Spanish Mortgage
Check Your Eligibility
Assess your income, existing debts, credit history, and how much deposit you have available. Your monthly mortgage payment should not exceed 35% of your net monthly income.
Gather Your Documents
Passport, last 2–3 years tax returns, 3–6 months bank statements, payslips or business accounts, credit report from your home country.
Apply Through Tharros Brokers
We submit your profile to 12+ Spanish banks simultaneously. This takes one application — not twelve. We manage the whole process in English.
Receive Pre-Approval (24–48 Hours)
Banks assess your profile and return decisions in principle. You’ll know your maximum loan amount and likely interest rate range within 48 hours.
Find Your Property
With confirmed pre-approval, you can view and make offers confidently. You know exactly what you can afford.
Property Appraisal
Once you have an accepted offer, the bank commissions an independent appraisal. The mortgage is based on the lower of purchase price or appraisal value.
Final Mortgage Approval
The bank issues the binding mortgage offer (FEIN). You have 10 days to review it — this is a legal requirement in Spain, not negotiable.
Sign at the Notary
You sign the purchase deed and mortgage deed simultaneously at the notary. Payment is made by bank transfer. You can attend in person or via Power of Attorney.
Keys and Registration
You receive the keys and your lawyer registers the property in your name at the Land Registry. The process is complete.
What Makes Tharros Different
- 12+ Spanish banks: One application, multiple competing offers
- 24-hour pre-approval: Know your budget before you view
- 4–6 week completion: Twice as fast as going direct
- English throughout: No language barriers at any stage
- 0.45% success fee: You pay nothing until you accept an offer
- 500+ mortgages approved: 94% success rate
🏠 Get Your Spanish Mortgage Started Today
Free pre-approval in 24 hours. No upfront costs. English-speaking advisors. 94% approval rate.
Apply Now →