Hypothek in Spanien für Nicht-Residenten

Mortgage as a non-resident

Yes, as a non-resident of Spain you can obtain a mortgage from a Spanish bank. The conditions differ from those for residents.

How much can you borrow?

• Non-residents: maximum 60-70% of appraised value
• Residents: maximum 80%
• The bank bases its lending on the appraised value (tasación), not the purchase price

Interest rates and term

• Variable rate: Euribor + 1.5-2.5% (2026: total approximately 3.5-5%)
• Fixed rate: 3.5-5% (2026 rates)
• Term: maximum 20-25 years
• Maximum age at maturity: 70-75 years

Required documents

1. Passport and NIE number
2. Proof of income — payslips for the last 3 months
3. Tax returns — last 2 years
4. Employment contract — or proof of self-employment
5. Bank statements — last 6 months
6. Overview of existing debts — mortgage, loans, credit cards
7. Purchase agreement — or reservation agreement

Popular banks for non-residents

• CaixaBank — largest bank, extensive experience with foreigners
• Sabadell — competitive rates for non-residents
• BBVA — online application possible
• Santander — international network
• Unicaja — strong in Andalusia

Process

1. Submit mortgage application (can be done digitally)
2. Property appraisal (€300-500)
3. Approval (2-4 weeks)
4. Receive binding offer (FEIN)
5. 10-day cooling-off period (legally required)
6. Sign mortgage at the notary

Additional mortgage costs

• Appraisal: €300-500
• Mortgage tax (AJD): paid by the bank since 2019
• Bank fees: usually no opening fee anymore
• Building insurance: mandatory