FREE Spanish Mortgage Advice & AIP

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Get Answers Fast

We have our own risk team that can quickly evaluate your situation and determine which banks will lend you the most money at the best rates.

Free Expert Advice

We do not charge to get you an offer or to do a pre-qualification check to see if you are eligible.

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The Best Mortgage For You

Every financial situation is different, our team will help you understand which mortgage suits you best and then get you the best deal.

We search the whole market: 40+ Spanish Lenders

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Non-resident Mortgages

As a non-resident, you can borrow up to 70%. We offer the most competitive mortgages for non-residents in Spain.

Equity Release

Release equity from your Spanish home quickly and efficiently. Generally, the maximum is 60%

Resident Mortgages

Euribor is at an all-time low, and there are some fantastic deals available for Spanish residents up to 100% LTV

What type of mortgages are available in Spain?

Variable Rate

All variable rate mortgages in Spain are linked to the Euribor which is currently below zero at 0.3%, an all-time low. Which means borrowing money in Spain is very cheap at the moment.

There are some fantastic variables rates for International buyers and Spanish residents alike.

 

Fixed Rate

A fixed rate mortgage will ‘fix’ your mortgage payments for the whole term of the loan. The rates on offer are higher than variable rate mortgages, but you can better plan for your future and be in more control of your finances.

A fixed rate will not change throughout the life of the mortgage!

 

Mixed Rate

Some lenders in Spain offer a mix of both fixed and variable rates. For example, you could agree to fix the first 5 years of the mortgage and then move to a variable rate.

These type of mortgages are not offered by all lenders, so please speak to one of our advisors to find out more.

 

we can also help with…

Legal Checks

The Foxes legal team can help ensure the purchase or sale of your property is done efficiently and that you are fully protected through the process.

 

Property Valuations

Valuations on properties are done by 3rd parties chosen by the bank, our team have close contacts with all the main valuation companies to ensure it is done quickly and efficiently.

 

Finding a Property

We are not estate agents, but if you need some impartial advice our team have over 15 years experience with buying property in Spain and can help with recommendations.

 

What we do in under 60 seconds

Check out the short video.

Our mortgage, legal & admin team are available throughout the purchase of the property.

We will liaise with all parties, ensure you are protected at all times and that the purchase goes smoothly.

Why we’re best in Spain

Us

 

  • Free Qualification
  • Free NIE*
  • Free Legal Check
  • Rates better than the high street
  • No bank commissions
  • Fast Turnaround
  • English & Spanish speaking

Everyone Else

 

  • Upfront Charges
  • Bank Commissions
  • No Legal Checks
  • High-interest rates
  • Slow turn around
  • No legal team

What is your mortgage score?

In order to understand how much you can borrow, you need to know what your mortgage score is. Anything over 40% will not qualify.

Net Income (monthly)

the income you receive after tax per month

Debt Payments (monthly)

any credit cards, loans & mortgage payments costs per month

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Your score is...

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40% or lower

If you have a score lower than 40% then you have a good chance of getting a mortgage in Spain.

40% or higher

In order to qualify for a mortgage in Spain you will need to either increase your income by adding somebody else to the mortgage or paying off some debt.

Would you like further information to understand your score?pick one!
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Some Important Questions Answered

Documentation, what you can borrow etc

What is the maximum LTV (Loan to value)?

Maximum 70% if you pay tax outside of Spain
Maximum 80% for Spanish taxpayers (70% on second homes)

The value of the loan will be based on the property valuation or the property price, whichever is lower.

How does scoring work in Spain?

The amount you can borrow depends on your debt to income ratio. Most Spanish lenders will not lend money if your combined outgoings (mortgages & loans) add up to more than 40% of your total net (after-tax) income. 

We have an in-house risk assessment team, that can help you understand what you can borrow. Get in touch here

What is considered as income?

Banks in Spain will only accept income which can either be shown on a tax return or comes from earnings from a property with rental agreements in place.

What types of mortgages are available

Fixed or variable rate mortgages are standard in Spain.

There are no interest-only mortgages, only capital repayment.

Is there a fee to find out what I can borrow?

No, we do not charge to check what you can borrow, or even to get an official offer from one of our lenders. We only charge if you decide to accept an offer from the bank to purchase a property.

Does age effect the loan period?

You can be no older than 75 / 80 years of age when the mortgage completes. If you are 60 years old then the maximum term is 15-20 Years. If you are unsure, get in touch.

Can I release equity from my Spanish property?

Releasing equity or remortgaging an existing property in Spain is incredibly difficult since the financial crisis in 2009. It is not impossible, but every situation is different. Please get in touch to find out what your specific situation is

What documents do the banks require?

  • Copies of your Passport / NIE (for all parties that will be on the mortgage)
  • Your most recent tax declaration or P60
  • Your last three payslips
  • Details of other properties you own including any potential rental income
  • A bank statement of the last 6 month
  • An Experian credit report

Mortgage advice you can trust

We do not charge you for the advice we give, we only charge you if we present you with a mortgage with all the relevant financial details, costs and terms.

Our service is 100% transparent, if you do not like the deal on offer then you are under no obligation to use our services.

We are a fully registered finance & legal Spanish company.

What our customers say…

Foxes we’re absolutely fantastic!
Peter & Nicola Reilly
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My wife Nicola and I bought our property in Lanzarote in December. Throughout the whole process Gareth and the team at Foxes we’re absolutely fantastic!
I couldn’t recommend them enough. They guided us through every step and a lot of bumps along the way. Nothing too much trouble and every issue dealt with and solved. The biggest thing is we trusted them and that was justified!!
Thanks Gareth, Matt, Cristian and Alejandro.

without you guys we'd not have made the completion date!
Massive thanks, Ashley & Emily Dacombe
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Absolutely amazing service from start to finish (and beyond!). Kept us totally informed all the way through, not once did we have the need to chase anything or follow things up, even though we gave Foxes an almost unachievable completion target having been messed about beyond belief directly by a Spanish Bank (nothing whatsoever to do with Foxes). We absolutely cannot recommend the team at Foxes highly enough, the service was superb. Thanks in particular to Cristian, Mat & Gareth - without you guys we'd not have made the completion date! Thanks again, will NEVER use anyone else. Unfortunately Trustpilot only allows 5 stars as a maximum, but would like to give more!

Well pleased with the service...
Deborah Williams
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Helpful company who kept us well informed and advised. Efficient and well organised so home purchase went smoothly despite a short timescale. Thank you

Did everything they said they would in…
John Davy
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Did everything they said they would in a professional, helpful manner . I have a long standing relationship with my bank and the people who work there. It was important Foxes did nothing to damage that relationship and true to their word they were courteous yet thorough when defending my claim, so much so that the staff at my bank commented on the professionalism of the Foxes staff. I will use their services again and have already recommended them to my friends and family.

These guys are very professional
Kenny Morris
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These guys are very professional, speedy and do what they say they will do. They are a company I would recommend.

Foxes are a great company to deal with!
Julie Gillis
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Very pleased with the outcome Foxes achieved for us. I am based in the UK and had attempted to deal with the Spanish bank directly but without success. Foxes made the whole process very easy and I have no hesitate in recommending them. Their fees were very reasonable.

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Step-by-step Guide to Buying in Spain 

advice & help

click the button for mortgage or legal help

or call our helpline

UK: 0208 089 1945

Spain: 951 82 28 57