Mortgage Spain: Everything about financing a home in Spain for foreign buyers

Buying a house in Spain is a dream for many: a second home in Spain for holidays or as an investment in Spanish real estate. Whether you choose an apartment on the Costa Blanca, a villa on the Costa del Sol or a finca in Andalusia – it is important to be well informed about real estate financing in Spain. In this article we discuss everything about Spanish mortgage rules, mortgage interest rates in Spain, taxes, and how IMMO ABROAD offers guidance throughout the entire process.

Why buy a property in Spain?

The Spanish property market has been popular with international buyers for years. Foreigners who want to buy a home in Spain benefit from a favourable climate, attractive prices and a wide range of Spanish properties. In addition, the possibilities for mortgages in Spain at Spanish banks have become increasingly accessible to non-residents.

✅ View available properties in Spain with IMMO ABROAD

Mortgage for foreigners: is it possible?

Yes, foreign buyers can easily get a mortgage in Spain. Spanish banks offer specially adapted mortgage products for non-residents. Financing a property in Spain is usually possible for foreigners up to 60-70% of the purchase price or the appraised value of the property.

Benefits for foreign buyers:

  • Financing a second home in Spain possible

  • No Spanish residency required

  • Multi-language support

  • Deductible rental costs

IMMO ABROAD offers mortgages for foreigners with guidance from A to Z.

Spanish mortgage rules in 2025

According to current Spanish mortgage regulations, these are the most important conditions for foreign buyers:

Element

Non-residents

Financing a home in Spain

60% – 70% of purchase price

Maximum duration

25 to 30 years

Age at mortgage expiration

Maximum 75 years

Mortgage interest Spain

Fixed or variable (from ± 3.5%)

Mortgage interest rate Spain in 2025

The interest rate mortgage Spain depends on the type of loan and the bank. Popular forms:

Fixed interest rate:

  • 3.25% – 4.5%

  • Ideal for certainty and fixed monthly costs

Variable interest rate:

  • Euribor + surcharge (1.2% – 2%)

  • Often starts lower, but with interest rate risk

Mixed interest:

  • Fixed interest rate for the first 5–10 years, then variable

  • Suitable for those who want flexibility in the long term

IMMO ABROAD compares the best mortgage providers for Spanish real estate for you.

What documents are required?

For a successful application for a mortgage in Spain as a foreigner, you will need:

  • NIE number (tax number)

  • Identity card

  • Proof of income (salary, pension or company results)

  • Bank statements

  • Tax returns

  • Real estate purchase contract Spain

  • Valuation report

Real estate taxes in Spain: what do you pay when purchasing?

In addition to the purchase price, there are also taxes on real estate Spain and additional costs. Think of:

Cost type

Percentage or amount

Transfer tax (resale)

6% – 10% depending on region

VAT on new construction

10% + 1.5% stamp duty (AJD)

Notary and registration

± 1%

Mortgage costs

€500 – €1,000

Lawyer/jurist (optional)

± 1%

Please note: Some regions offer tax credits for buyers under 35 or for sustainable homes.

Tax benefits of Spanish real estate

Buying real estate in Spain offers interesting tax advantages, especially for rental or long-term investment:

  • Rental income may be partly tax-free

  • Costs such as mortgage interest in Spain, maintenance and insurance are deductible

  • Protection by tax treaties prevents double taxation (e.g. Netherlands – Spain)

  • In many cases no wealth tax thanks to high exemptions

IMMO ABROAD works together with tax advisors to provide you with optimal tax guidance for your purchase.

IMMO ABROAD guidance: your partner in buying real estate in Spain

The process of buying real estate in Spain is more complex than in the Netherlands or Belgium. That is why guidance is essential. IMMO ABROAD is the specialist in real estate financing in Spain and helps you from A to Z:

What IMMO ABROAD arranges for you:

  • Pre-selection of homes

  • Purchase assistance

  • Mortgage application with Spanish banks

  • Legal check and translation of purchase agreement

  • Apply for a NIE number

  • Tax planning

  • Management or rental after purchase

✅ Plan your free intake interview with IMMO ABROAD

Buying a house in Spain with a mortgage? Completely feasible!

Buying a house in Spain as a foreigner is easier than you think – especially with the right guidance. Thanks to the wide range of mortgages for foreigners, transparent Spanish mortgage regulations and the expertise of IMMO ABROAD, you can invest in your dream home without any worries.

Want to know more about financing a home in Spain, current mortgage rates in Spain, or real estate taxes in Spain? Get free advice from IMMO ABROAD.

Frequently Asked Questions about Real Estate Financing Spain

Can I get a Spanish mortgage without a Spanish bank account?
No, a Spanish bank account is mandatory for a mortgage in Spain.

Is there a minimum purchase price for a mortgage in Spain?
Most banks provide mortgages from approximately €80,000 – €100,000.

How long does it take to apply for a mortgage in Spain?
Please allow 4 to 8 weeks from the time all documents are submitted.