How to get a mortgage in Spain as a non-resident?

Buying property in Spain as a foreigner is entirely possible, but financing conditions differ from those for residents. Spanish banks offer mortgages to non-residents with an LTV (loan-to-value ratio) typically capped at 70%, compared to 90% for tax residents.

The maximum debt-to-income ratio accepted by Spanish banks is 35% of net monthly income. This ratio includes all your existing monthly loan payments. Our simulator automatically calculates your capacity taking these constraints into account.

Interest rates for non-residents are slightly higher than for residents, with an average spread of 0.5% to 1%. In 2026, fixed rates for non-residents range from 2.8% to 3.5%, while residents get between 2.0% and 2.5%.

Beyond the loan, you need a substantial personal contribution: 30% of the property price as a down payment, plus 8 to 13% in buying costs (ITP or VAT depending on property type, notary fees, registry, gestoria). That is a total of 38% to 43% of the property price from your own funds.

FAQ

What is the maximum LTV for non-residents in Spain?▾
Spanish banks typically lend up to 70% of the property value to non-residents, compared to 90% for tax residents.
What interest rate for non-residents in 2026?▾
In April 2026, fixed rates for non-residents range from 2.8% to 3.5%. Residents benefit from rates between 2.0% and 2.5%.
What is the maximum mortgage duration in Spain?▾
For non-residents, the maximum duration is typically 25 years. Residents can borrow over 30 years.
What is the minimum deposit to buy in Spain as a foreigner?▾
You need about 30% of the property price (down payment) + 8 to 13% in buying costs (taxes, notary, registry), totalling 38-43% of the price.
What debt-to-income ratio do Spanish banks accept?▾
Spanish banks apply a maximum debt-to-income ratio of 35% of net monthly income, including all existing debts.
Can you get a mortgage in Spain without being a resident?▾
Yes. Major Spanish banks (BBVA, Santander, CaixaBank, Sabadell...) offer mortgages to non-residents with specific conditions (LTV, rates, duration).
Can Triadica help me get a mortgage in Spain?▾
Yes. Triadica works with a partner mortgage broker specialised in non-resident financing in Spain. They negotiate the best conditions with Spanish banks (rates, LTV, duration) and guide you from simulation to signing at the notary. Book a free 15-minute call to discuss your project.