Spanish mortgages for non-residents.

Live rates from 10 Spanish lenders, LTV caps, the documents banks actually want, and a calculator that plugs into any property on the site. Non-residents typically get 60–70% LTV on a 20–25 year term.

Current offers

Rates below are drawn from each lender's published product page and updated on every repricing round. Variable rates show the spread over 12m Euribor; the effective rate shown in the calculator is the spread plus today's Euribor. Fixed rates show both TIN (nominal) and TAE (all-in APR including standard fees).

Calculator

Set the property price, deposit and term. The calculator computes the monthly payment per lender against the current Euribor. For any listing on the site you can see the same widget on the property page — already plugged into that property's price.

What the banks want

Every bank asks for the same core documents; the difference is how picky they are on each. The dossier below gets Bankinter to a yes inside 4–6 weeks when the applicant is a Dutch or German salaried employee with a clean tax record.

1. Passport + NIE. The NIE (foreigner tax ID) takes 2–4 weeks at a Spanish consulate. No NIE, no loan application.
2. Three most recent payslips translated by a sworn translator (traductor jurado) if the bank is Spanish-only in underwriting.
3. Last two years' tax returns (IB in NL, Einkommensteuererklärung in DE) with the official stamp or digital signature.
4. Last six months of bank statements — the bank is checking cashflow and unexplained credits.
5. Employment contract — indefinite is strongly preferred. Self-employed applicants need three years of accounts.
6. Credit record from your home country (BKR in NL, SCHUFA in DE). Clean or stories that end well.
7. Spanish bank account — the loan is domiciled here, and all payments come from it.
8. Property valuation (tasación) from a Spanish certified valuer. Commissioned after offer accepted, ~€400–500.

LTV: the number that decides everything

A Dutch or German buyer working on a €450,000 apartment in Los Cristianos with a 60% LTV needs €180k down — plus ~14% purchase costs (ITP 6.5% in Canaries, notary, registry, legal) which the bank does not finance. Budget a total outlay of roughly €243k before you own the keys.

Six common reasons applications get declined

1. Salary in a non-EUR currency with no hedge (banks discount foreign-currency income by 10–30%).
2. Self-employed with less than three complete years of accounts.
3. Debt-service ratio above 35% of net income (banks are strict on this).
4. Short-term contract (fixed-term, freelance) where income stability is thin.
5. Credit history outside standard bureaus — many non-EU buyers fall here; solution is a local bank reference letter.
6. Property issues — no licence of first occupation, boundary disputes, pending community charges. This is the one I actually help with.

Timeline, realistically

Best case, NIE already in hand: offer accepted Monday, arras signed Friday with 10% down, mortgage pre-approval in 7–10 working days, formal approval 2–3 weeks after, notary 4–6 weeks from arras. Worst case I've seen: four months because the bank wanted an apostilled Hague translation of a Dutch divorce certificate that was never mentioned upfront. Know your paperwork before you start.

Rates last revised from published bank pages, April 2026. Offers change; we revise this table quarterly. For a binding quote, go to the bank's own page linked next to each lender above.