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If you're planning to buy a property on the Costa del Sol, securing the right mortgage is an important part of the process. While the Spanish mortgage market is not quite as varied as in some other countries, there are still excellent options available, including long-term fixed rates of up to 30 years and attractive variable-rate products.
Whether you are a resident or a non-resident, there are mortgage solutions tailored to your circumstances, even loans in your home currency in some cases.
Depending on your situation, you may be able to raise finance either in Spain or from your home country. We work with independent financial advisers who understand the market and will offer personalised advice suited to your needs. Our role is to help you access the most appropriate mortgage options with confidence and clarity.
As a general guide, non-resident buyers are commonly offered a mortgage of between 60% and 75% of the lender’s valuation or the purchase price, whichever is lower. Resident buyers may be able to borrow up to 80%, and sometimes 90%. There can be exceptions in particular circumstances, including certain new-build purchases, so it is important to obtain advice based on your own position.
Transferring your own funds to Spain is generally straightforward and can normally be arranged electronically through your bank. Funds are often transferred to the client account of the buyer’s lawyer so that they can complete the transaction in accordance with the agreed arrangements. Where currency conversion is required, some buyers use a specialist currency provider rather than making a direct bank transfer. Your lawyer should confirm the correct account and transfer arrangements, and we can introduce you to an appropriate specialist if required.
If you'd like to explore your options, we’re happy to connect you with a trusted adviser who can talk through your requirements in detail. They can also help you obtain approval in principle. This means you can establish how much you may be able to borrow before you begin making offers. Once you find a property, the lender will still need to approve the property and its valuation before issuing a final mortgage offer.
Our advisers are here to support you, not to sell. You’ll receive clear, honest guidance and access to competitive lending solutions, all without pressure. If you’d like to learn more or start a conversation, just let us know. We’ll be happy to help.
We work with Mortgage Direct, one of the most trusted names in independent Spanish mortgage advice. You can click the banner below to visit their page:
Buying a property naturally raises questions. We've brought together answers to many of the questions buyers regularly ask us.
