Current Mortgage Rates and Products in Spain

Spanish mortgage products vary in loan-to-value, rate structure, and eligibility depending on the lender and your circumstances. Below are some of the products currently available to non-residents — actual terms are open to negotiation with the bank, and International Mortgage Solutions (IMS) works to secure the best possible outcome for your specific case.

What’s Available for Non-Resident Mortgage Applications

For non-residents buying in Spain, Spanish banks offer different terms and pricing than those available to fiscal residents. Banks generally don’t have standard mortgage products or set terms — instead, each adapts its offer to the overall quality of the application, considering:

  • The total relationship the bank will have with the applicant
  • The loan-to-value required and debt-to-income ratios
  • Employment stability
  • The applicant’s age
  • Spanish banks are required to offer two rate options: one with linked products, and one without. All loans in Spain are on a repayment basis.

Loans must typically be repaid by a maximum age of 80, though most lenders cap this lower, around 75. The maximum loan-to-value for non-residents is normally 70%, though one lender — UCI — can offer up to 75%, at a correspondingly higher interest rate.

Overview of Spanish Mortgage Interest Rate Ranges

The 12-month Euribor revision level for September 2026 stands at plus 2.954% — a very slight increase on August 2026. This rate applies to all new Spanish mortgages completing in September 2026, as well as those due their annual review this month.

  • Variable rates without linked products, from 1% above Euribor
  • 20-year fixed rates from 2.5%, fixed for the full term — linked products apply, along with minimum loan size and purchase price requirements
  • 10-year fixed rates from 2.35%, fixed for the full term
  • Mixed rate products from 3.75% for the first 3 years, followed by 0.75% above Euribor

Maximum terms range from 15 to 30 years, with fixed rates available for the full term

These rates are for guidance only — Spanish lenders tailor final terms to each borrower, based on their risk profile and fiscal strength.

Make an application for a mortgage in Spain to see what you could achieve, and take advantage of our no-cost approval process. Contact us today.

Spanish mortgage products

Product 1

For a mortgage in Spain, nationality and purchase price restrictions may apply.

  • Up to 70% loan-to-value
  • Up to age 75
  • Maximum term 25 years
  • Variable rate: 2.69% in the first year, then 1.3% above the 12-month Euribor, with linked products
  • Rate reviewed every 12 months
  • Fixed rates from 2.55%, with linked products
  • Currency limitations may apply for the fixed rate
  • 0% arrangement fee
  • Standard early redemption charge, on both fixed and variable rates
  • Linked products required for the lowest possible rates

Product 2

Nationality restrictions may apply

Minimum purchase price € 1mk

Minimum loan size € 500k

  •  Up to 70% loan to value
  • Up to age 75 years
  • Maximum term 20 years
  • Fixed rates from 2.8%, linked products apply
  • Variable rate Euribor plus 0.80% with linked products
  • Standard arrangement fee 1%
  • Standard early repayment penalties
  • Linked products required for lowest possible rates

Product 3

No minimum earning requirement for mortgages in Spain

Restrictions on purchase price not applicable

Most nationalities considered 

  • 70% loan to value
  • Up to age 75 years
  • Maximum term 25 years
  •  Variable rate from 1% above 12-month Euribor
  • Rate review 12 monthly
  • Fixed rates 10 to 25 years from 2.95%
  • Fixed rates for non euro earners available by exception
  • Standard arrangement fee 1.5%
  •  Standard early redemption penalties
  •  Linked products required for lowest possible rates

Product 4

Nationality restrictions may apply for a mortgage in Spain

Minimum earnings levels net € 48k equivalent

  •  Up to 70% loan to value
  • Up to age 80 years
  • Maximum term 20 years
  •  Variable rate from 0.75% above 12-month Euribor
  • Rate reviewed 12 monthly
  • Fixed rates 10 to 20 years from 2.8%
  • Currency loans available for GBP, SEK, DKK,NOK,CHF,USD, CAD
  • Standard arrangement fee 0%
  • Standard early repayment penalties
  • Linked products required for lowest possible rates

Product 5

For a mortgage in Spain nationality restrictions may apply

Purchase price restrictions may apply

Minimum earnings net € 50k equivalent

  •  Up to 70% loan to value
  • Up to age 75 years
  • Maximum term 25 years
  •  Variable rates from 1.5% above 12-month Euribor
  • Rate reviewed 12 monthly
  • Fixed rates 10 years from 3.5%, 15 years from 3.75%, 20 years from 4%,25 years from 4.5%
  • Fixed rates available to Euro earners only
  • Standard arrangement fee 1.5%
  • Standard early repayment penalties
  •  Linked products required for lowest possible rates

Product 6

Nationality restrictions may apply

Minimum purchase price € 80k

  •  Up to 70% loan to value
  • Up to age 70 years
  • Maximum term 20 years
  •  Variable rate from 1.99% above the 12-month Euribor.
  • Rate review 6 monthly
  • Full term fixed rates 5 to 20 years from 4%
  • Fixed rate currency restrictions may apply
  • Standard arrangement fee 1.5%
  •  Standard early repayment penalties
  •  Linked products required to receive lowest possible rate

Product 7

Nationality restrictions may apply

Area, purchase price, and population level restrictions may apply

  •  Up to 75% loan to value Euro earners and British residents
  • Up to 70% for other nationalities
  • Up to age 75 years
  • Maximum term 30 years
  • Variable rates from 1.79% above 12-month Euribor
  • Rate review 6 monthly
  •  Fixed rates from 4.09%
  • Mixed fixed variable rates 3 years from 3.99% then 1.79% above Euribor
  • Fixed rate currency restrictions may apply
  • Standard Bank arrangement fee 1%
  •  Standard early repayment penalties
  • Buildings insurance compulsory for lowest rates