International buyers and mortgages in Spain

We are often asked if international buyers can use mortgages to finance property purchases in Spain. We’re pleased to confirm that Spanish banks will grant mortgages to non-residents. Each bank has their own lending criteria However this is subject to each bank’s own lending criteria and it can be a challenge to identify the bank that will suit a potential borrower’s profile. One bank might decline a mortgage that would have been approved by another. Despite this, there are some general parameters that apply: The percentage of the property cost that is mortgaged is known as the Loan-to-Value (LTV) percentage. For non-residents