Buying property in Spain as a non-resident is entirely possible, though the financing terms differ from those offered to people who live in the country.
How much banks lend
- For non-residents the usual financing (LTV) is 60-70% of the appraised or purchase value.
- That means a deposit of 30-40%, plus taxes and fees.
- Combining two incomes strengthens the figures: same-sex couples can sign the mortgage jointly with no distinction whatsoever.
Documents you’ll usually need
- NIE and passport for each applicant.
- Proof of income (payslips, tax returns, contracts).
- Bank statements and a summary of assets and debts.
The mortgage advisor’s role
A good advisor compares offers from several banks, negotiates terms and translates the fine print. No one will quote an exact rate without reviewing your profile, so be wary of fixed figures before the valuation.
Costs to budget for
- The property valuation.
- Purchase taxes (transfer tax or VAT) plus notary and registry fees.
- Arrangement fees and linked insurance products.
At GREA we connect you with inclusive mortgage advisors who treat every couple with the same respect and professionalism.