Financing a property purchase in Spain is more accessible than many believe. Spanish banks offer diverse mortgage options for both residents and international buyers. We explain everything you need to know.

Types of Mortgages Available

Fixed-rate mortgage: Stable payments throughout the loan term. Ideal if you prefer security and predictability in your monthly payments.

Variable-rate mortgage: Linked to Euribor, your payments may rise or fall. Historically they have offered lower initial rates.

Mixed mortgage: Combines an initial fixed-rate period (3-10 years) followed by variable rate. The best of both worlds.

Conditions for Non-Residents

International buyers can access financing of up to 60-70% of the appraised value. Interest rates tend to be slightly higher, but conditions remain very competitive.

Required documentation: passport, NIE, proof of income for the last 2 years, bank statements, and tax returns from your country of residence.

Costs Associated with the Mortgage

In addition to the property price, plan for an additional 10-12% for expenses: notary, registration, taxes, and appraisal. We help you calculate the total budget for your purchase.

At Teivida Homes, we collaborate with leading banks and mortgage brokers. We connect you with the best professionals to get the financing you need.