Here at Fluent Finance Abroad, we often encounter a lot of people that are looking to obtain a mortgage for their dream property in Spain, but feel like they face problems in understanding how mortgages in Spain for non-residents work. If you feel like you fall into this category, then our expert team of advisers can assist you on just how to go about obtaining a Spanish mortgage.

We are often asked the same kind of questions of people that are slightly confused by how Spanish mortgages work for people who are not Spanish nationals. Come to us for confident, assured, and sensible advice on how you can quickly and safely set up a mortgage for your property.

Can a foreigner get a mortgage in Spain?

This is the question we get asked most at Fluent Finance Abroad, and the simple answer is yes. It is possible for a foreigner to obtain a Spanish mortgage, but since the introduction of a new Spanish mortgage law in June 2019, it has become considerably harder to do so. This is especially the case if your main source of income is earned in a currency which isn’t one of the 5 most widely used currencies in the world.

  • Euro – €
  • US Dollar – $
  • Great British Pounds – £
  • Swiss Francs – Ƒ
  • Japanese Yen – ¥
Spanish Mortgages For Non-Residents

We at Fluent Finance Abroad can assist clients who live and work in countries worldwide in obtaining a Spanish mortgage with our service. We assist you in getting a Spanish mortgage with our expertise, but it is wise to prepare your mortgage application as soon as possible. This gives both our team and you ample time to ensure that your case gets submitted in the correct way and to the correct lenders.

Can I get a UK mortgage for a Spanish property?

Unfortunately, this is not the case as mortgages from UK lenders for purchasing or re-mortgaging Spanish property is not something which can be done. British banks such as The Royal Bank of Scotland/Nat West, Barclays, The Leeds Building Society etc. and lenders from other countries such as Denmark and Iceland have pulled their mortgage offerings soon after the start of the global credit crisis. As of yet, they have not returned and have no intention of coming back soon as far as we can see. Many of these lenders still have toxic assets which still need clearing up first.

You can find out more information about this topic by reading this article on British Bank and the Spanish credit crisis.

How much deposit do I need for a mortgage in Spain?

The size of the deposit required for a Spanish mortgage depends on the strength of your potential mortgage application. Normally it is wise to have an amount of liquid funds available, which is the equivalent to 40-50% of the price you are willing to pay for a Spanish property. Taxes/closing costs/legal fees/banking costs should all be considered when you are thinking of making an offer for a property in Spain.

Do I need a Spanish bank account to buy a property in Spain?

You don’t have to have a Spanish bank account to own a Spanish property, but during the process you will have to open one as local councils/electricity companies will not set up direct debits to bank accounts that are located outside of Spain, as unfortunately they don’t yet have the IT systems to support this.

Fluent Finance Abroad know which high street banks offer the best bank services for foreign clients, so you are in safe hands if you trust us with this service!

Contact us

If you have any questions on how to obtain a Spanish mortgage for non-residents, then please don’t hesitate to get in touch with our team of experts. Be sure to fill out our online enquiry form or email us at, alternatively you can give us a call on 34952853647 for a conversation with one of our friendly experts.

Do you need a Spanish Mortgage Broker or a Financial Advisor in Spain?
Feel free to get in touch and we will get back to you as soon as possible.