Approval of mortgage in Spain - help in obtaining a loan against real estate
Do you want to buy an apartment or a house in Barcelona, but do not know how to apply for a mortgage? We take care of the whole process of mortgage approval in Spanish banks: from choosing the terms to signing the contract.
What is a mortgage in Spain and who can get one
Mortgage in Spain is a bank loan for the purchase of real estate, available to both residents and foreigners. Conditions depend on the status of the borrower, but on average banks lend up to 60-80% of the value of the object.
Who can get a mortgage in Spain:
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Spanish citizens and EU residents;
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Non-residents (foreigners from any country);
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private individuals and entrepreneurs;
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investors buying real estate for rent.
Our areas of focus in mortgage work
Obtaining a mortgage in Spain requires precise compliance with banking requirements, sound financial justification and correct preparation of documents. We guide clients through every stage of mortgage approval in Barcelona and throughout Spain, ensuring transparency, security and the best loan terms. Through direct partnerships with leading banks and a deep understanding of resident and non-resident mortgage programs, we turn a complex process into a clear and predictable path to buying a property.
Selection of the optimal mortgage program
We analyze all the offers of the leading banks in Spain and select a program that best suits your budget, goals and status - resident or non-resident.
Preparation of a package of documents
We help you to collect and translate the documents required for the application. We make sure that everything meets the banks' requirements, which increases the chances of fast mortgage approval.
Negotiations with banks in Spain
We work directly with more than 10 banks, which allows us to achieve the best interest rate and loan term for our clients.
Approval of mortgages for non-residents
We specialize in obtaining mortgages for foreigners not residing in Spain. We provide legal support and financial justification for successful loan approval.
Support of the transaction with the bank
We organize the signing of all documents, notary participation and mortgage registration. We control every step so that the transaction is safe and without bureaucratic delays.
Mortgage for investment real estate
We coordinate mortgage loans for investors purchasing apartments or commercial properties for rent. We help to calculate profitability and find favorable terms.
Mortgage for residents and non-residents
Getting a mortgage in Spain depends on your status: resident or non-resident. Conditions differ significantly, but both are available favorable loan programs for the purchase of real estate. Below – a detailed description of the conditions and opportunities.
Mortgage for residents of Spain
Residents of Spain receive the most favorable terms of mortgage lending, which makes the purchase of real estate as affordable as possible. Banks are more willing to approve applications of residents due to stable income within the country and transparency of financial history.
What banks offer to residents:
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Financing up to 90% of the real estate value
This means that the real down payment can be as low as 10%. These conditions are especially advantageous when buying an apartment or house in Barcelona, where property values are rising every year. -
Loan term up to 30 years
Longer term gives the opportunity to reduce the monthly payment and comfortably distribute the financial burden. -
Interest rate from 1.8% per annum
Fixed-rate, floating or mixed programs are available, allowing you to choose the best strategy depending on your income and future plans.
A mortgage for Spanish residents is the best way to buy real estate in Barcelona with minimal expenses. Banks offer residents more flexible and favorable conditions, making the purchase of an apartment, house or investment property as affordable and financially secure as possible.
Mortgage for non-residents of Spain
Non-residents - citizens of other countries, not residing in Spain - can also get a mortgage, but the conditions will be different. Despite the increased requirements, banks are actively lending to foreigners, as the market of international buyers in Spain is steadily growing.
What banks offer to non-residents:
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Financing 60-70% of the property value
The down payment is higher than for residents, but this is standard practice for foreigners. Nevertheless, mortgages remain a favorable instrument, especially when buying investment properties. -
Loan term up to 20-25 years
This is enough to comfortably repay the loan when buying a home for living, renting or subsequent resale. -
Interest rate is higher than for residents
However, the rates remain more attractive than in most European countries and the conditions are among the most transparent. Spanish banks are willing to work with foreigners if they have a proven income.
Mortgages for non-residents in Spain allow foreigners to buy an apartment or house in Barcelona without paying the full cost. Even with a higher down payment, mortgage programs remain profitable for investment, rental income or residence permit through the purchase of real estate.
We help you get a mortgage in any situation
Our team helps to obtain a mortgage in Spain even in difficult cases: non-standard income, non-resident status, purchase of real estate for investment. We speed up the mortgage approval process and achieve approval on terms that are as favorable as possible for the client.
Want to know what kind of mortgage you can get in Spain?
Schedule a consultation and we'll do a free estimate.
+34 607 849 694
We are available Mon – Fri – 09:00-19:00.
Sat – 10:00-14:00
Sunday – Day off
Email: info@polenovapartners.com
What customers say about us
We are trusted by families, investors, expatriates and freelancers moving to Spain or buying real estate in Barcelona. We are proud that 90% of new clients come by recommendation. Read real reviews of Polenova&Partners’ work – on transaction support, renting, obtaining a residence permit and legal support.
