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.
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
As a non-resident, you can borrow up to 70%. We offer the most competitive mortgages for non-residents in Spain.
Release equity from your Spanish home quickly and efficiently. Generally, the maximum is 60%
Euribor is at an all-time low, and there are some fantastic deals available for Spanish residents up to 100% LTV
types of mortgages available in Spain
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.
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!
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…
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.
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.
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…
Step-by-step Guide to Buying in Spain
advice & help
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UK: 0208 089 1945
Spain: 951 82 28 57
+44 7428 048049