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More and more US citizens are considering buying abroad. Spain is now one of the most visited countries in the world. With an active non resident mortgage market Americans can obtain a mortgage in Spain up to 70% loan to value. Other financing options are available for American buyers in Spain. However a Mortgage in Spain can minimise the currency risk on large transactions. Interest rates average 3.5%, and have been stable for many months.

The Costa Brava is a stunning region. Diverse and beautiful. It provides a myriad of options for those considering buying and financing a holiday home in Spain. Historical but providing both traditional and modern options. A non resident Spanish mortgage, with low interest rates can help buyers achieve their dream home.

A new mortgage product in Spain for non resident applicants has been launched. The loan allows for up to 75% loan to value. This level of loan to value for a mortgage in Spain has not been seen since the Banking crisis. For other Spanish Banks the maximum is 70%. In this article we explain the new product for non resident Spanish lending. What terms and conditions apply. Also the criteria for qualification. As independent Spanish Mortagge brokers we are always searching the market for the best solutions for our clients.

The Euribor index for Spanish Mortgages is what all Spanish lenders link their rates to. Whilst the 12 month Euribir has been dropping slowly and steadily. September saw a small increase to 2.114%. This increase has little affect on what Spanish Banks can offer non resident borrowers. Interest rates remain stable and fixed rates can be gained below 3%.

Spanish Mortgage market in Spain for 2025. What has happened to interest rates during the year. Information on how Spanish Banks are currently viewing non resident applications. Using a fully regulated broker will normally help to obtain a mortgage in Spain with the best possible terms and conditions. Understand what criteria the Spanish Banks look for during the underwriting process. What defines a strong versus weak application.

Since 2019 it has not been possible for buyers from many Middle Eastern countries to secure a mortgage in Spain. A Mutlinational Bank based in the Middle East is now provding a solution to this. Expats or Citizens of Kuwait, Bahrain and Oman can now access lending. In order to buy a property in Spain. The loan is up to 65% loan to value. The ability to yet again obtain a Mortgage in Spain will allow buyers to consider not using all their own cash. And or increase their buying budget.

What are the implications of Perdo Sanchez announcements on the housing issues in Spain. Are the headlines of 100% tax realistic and factual. Should buyers in Spain and those considering a Spanish mortgage be concerned. What processes would need to happen in Spain to implement the changes. What challenges would the Spanish Parliment face.

In the last few weeks there has been significant improvements to Purchase mortgages in Spain. Key Spanish Banks have increased their product portfolio. Focused on obtaining high quality lending. For applicants buying at the upper end of the market. Also Spanish home loans above 500k then rates as low as 2.5% are achievable.

Spanish Mortgages in 2024 are below 2023 levels. Spanish Banks have tightened criteria due to high interest rates. Euro based non resident applicants for a mortgage in Spain will experience no difficulties. Non euro earners will have limitations. Increased stress level tests and reduced exchange rate calculations make it more difficult. Particularly to meet affordability ratios. Spanish Banks are focusing on the mid range property market. Excluding Spanish loans for the lower level of the market.

Non resident mortgages in Spain are lower. This is in line with a decrease in total market activity. Up to May 2024. A higher number of foreign buyers are opting for off plan builds. During construction a Spanish loan cannot be arranged. The application needs to start around 3 months before completion of property. Lending in Spain for an off plan cannot be guaranteed at contract stage. Therefore a risk applies. Non resident loan applicants who need, rather than prefer a Mortgage in Spain should opt to buy a resale. With a resale a Spanish loan application can be fully underwritten, before any commitment to buy.