Mortgages in Spain for Non-Residents
Know your real budget before the first viewing
If you may need a Spanish mortgage, the most useful first step is a free pre-approval. It tells you what you can borrow before viewings are planned, so the shortlist fits the budget. Your Property Concept introduces international buyers to independent mortgage brokers we have worked with for around ten years and keeps the finance conversation connected to the property search. The broker or bank remains responsible for advice, products, rates and lending decisions.
How we help with finance
Free pre-approval first
Applying for a pre-approval with a broker or directly with a Spanish bank costs nothing. We raise it in the very first conversation.
Independent brokers
Specialists who arrange finance for non-resident buyers every week and explain process, documents and options for your situation.
Non-resident lending
Spanish banks typically lend up to around 70 percent of the valuation to non-residents. Your broker confirms the figure for you.
Spanish bank account
Needed for the purchase and for IBI, community fees and utilities afterwards. We introduce the bank and arrange the appointment during your trip.
Finance and search in step
When the realistic budget becomes clear, we adjust the brief and shortlist and coordinate finance milestones with viewings and completion.
From pre-approval to completion
What a financed purchase looks like with us.
01
Finance conversation
Cash, mortgage or a mix. If finance is likely, we introduce the broker straight away.
02
Pre-approval
Identity, income, existing commitments and deposit. The broker returns a realistic borrowing figure, free of charge.
03
Shortlist and viewings
Properties within the approved range, each with a cost sheet: asking price, IBI, community fees and running costs.
04
Offer and valuation
After the reservation the bank values the property. The mortgage offer follows the valuation.
05
Notary
Mortgage deed and purchase deed are signed together. Your lawyer can sign for you with a limited power of attorney.
Part of our complete property service
Finding the right home is what brings most buyers to us. Completing the purchase with confidence is what comes next. Alongside this service we introduce independent legal support, currency exchange, builders and renovations, furniture and home set-up, so you have one reliable point of contact from the first viewing to moving in.
We work with buyers across the Costa del Sol, most often in Marbella, Mijas, Manilva and Casares. See our current properties or read about the complete buying service.
Frequently asked questions
Can non-residents apply for a mortgage in Spain?
Non-residents may apply for Spanish mortgage finance, subject to the lender’s current criteria and assessment. An independent mortgage professional or bank should confirm the options available for your circumstances.
Can British or Irish buyers apply for a Spanish mortgage?
International applicants, including buyers from the UK and Ireland, may be considered by Spanish lenders. Eligibility, documentation and terms vary and must be confirmed by the lender or mortgage adviser.
How much can a non-resident borrow in Spain?
There is no single figure that applies to every buyer. The available amount depends on the lender, property and applicant’s financial position. Obtain an individual assessment before relying on a purchase budget.
Should I arrange finance before viewing properties?
If you require a mortgage, an early affordability discussion can make the shortlist and viewing programme more useful. It reduces the risk of focusing on properties that do not match the eventual finance position.
Is mortgage pre-approval free?
Yes. An initial assessment or pre-approval with a mortgage broker or directly with a Spanish bank is free of charge. The lender confirms the conditions and how long it remains valid.
Does Your Property Concept provide mortgage advice?
No. We introduce and coordinate with independent mortgage and banking professionals. Those professionals remain responsible for regulated advice, recommendations and lending decisions.
Do I need a Spanish bank account?
A Spanish account is often useful for purchase and ongoing property payments. The relevant bank or lawyer should confirm what is required for your transaction.
What happens if the available mortgage is lower than expected?
The property brief and shortlist can be adjusted to a more realistic range. The team can help compare suitable locations and properties based on the updated budget.
Clarify your property budget before the search goes further
Free Buying Guide
Costa del Sol
Want to learn more about property taxes, legal requirements, and the buying process? Download our free Buying Guide in Costa del Sol today!
