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  • Email: info@fluentfinanceabroad.com

Use the Spanish mortgage calculator for a quick and easy way to calculate your monthly mortgage payments. Just enter the mortgage amount you wish to borrow, the term over which you intend to pay it off and the interest rate. Then hit the ‘Calculate’ button.

The monthly mortgage amount is calculated on a capital repayment basis as there are no interest-only mortgage currently in the Spanish mortgage market.

The average mortgage term currently available for mortgage purposes in Spain is 20 years although 25 or 30 years are available on a case by case basis.

Interest rates vary but we recommend that you use our standard exclusive rate mortgage deal of 2.20% to do your initial mortgage calculations. Speak to us to see if you qualify for one of our white label market-leading Spanish mortgage products.

If you would like a Spanish mortgage quotation specific to your particular set of circumstances then please get in contact with one of our Spanish qualified mortgage advisers (ICI’s) for a free consultation.

We will never ask you to put any specific or sensitive fiscal information in any of our online communication vehicles and we caution you in doing so with any other finance companies.

Mortgage Brokers in Spain are required to be qualified and regulated, however, there are some companies that operate who are not. To be sure of obtaining safe and regulated good quality Spanish mortgage advice please contact us at Fluent finance Abroad.

The figures given by the Spanish mortgage calculator must only be used as a guide and if you require a more specific idea on monthly cost please feel free to contact us and speak to one of our consultants for an independent view of what would be the best Spanish mortgage package for your particular set of circumstances.

How much can I borrow for a Spanish mortgage?

Are you considering buying your first Spanish property? Whether you’re setting yourself up for a future investment or looking to grab yourself your dream holiday home – the fact is most non-residents will require a mortgage to buy their home in Spain.

As you’d probably expect, the way mortgage lending works overseas differs slightly in that there will be a few extra financial considerations you need to think of, known as associated acquisition costs. These include things such as notary fees, stamp duty and legal and administration expenses.

However, that being said you can get some excellent lending rates depending on who you choose to help you with your purchase.

For residents of Spain, mortgages can go up to as much as 80% of the purchase price or valuation figure. However, for those purchasing a Spanish property from overseas, the maximum amount you can look to borrow is 70%. It is important to note however that all banks will offer different terms, and many Spanish banks cap the borrowing amount for non-residents at 60%, so it is always worth shopping around, or better still – going independent.

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