Residents of Spain can apply for 80% financing towards purchasing a property, meaning the deposit required for Spanish resident mortgages is typically 20%.

Here at Fluent Finance Abroad, we can provide both fixed and variable rate resident mortgages with highly attractive payment rates and terms. 

To find out more, contact our experts for tailored Spanish mortgage advice.

When applying for a resident mortgage in Spain, you’ll be required to provide the following documents to your mortgage lender:

• Documento Nacional de Identidad (DNI) for Spanish citizens, or Número de Identificación de Extranjero (NIE) for foreign residents
• Passport
• Empadronamiento certificate
• Last 3 payslips
• Employment contract
• Most recent tax return
• The last 6 months of bank statements
• Last 2 years of tax returns and quarterly VAT returns if you’re self-employed
• Social security payment proof
• Purchase agreement or reservation contract
• Property deed, or escritura, if refinancing or buying a resale home
• Nota simple
• Details of existing loans or debts
• Monthly expenses overview
• International Bank Account Number (IBAN) and proof of account ownership

Yes, our mortgage specialists advise that you open a Spanish bank account before applying for a mortgage. This is due to several reasons, including:

• Mortgage payments – Your monthly mortgage instalments will be taken from a Spanish bank account
• Property-related bills – Utilities, property taxes, and insurance are typically paid through local accounts
• Income verification – Spanish banks prefer to see your salary or income deposited into a Spanish account for easier tracking
• Risk management – It allows the bank to manage currency and payment risks directly within Spain

Non-residents can apply for a Spanish mortgage. However, the process and requirements differ from a residential mortgage in Spain. 

Non-residents can borrow up to 60%-70% of the property’s value, meaning they’ll need a deposit of 30% to 40% to purchase a property. This differs from residents who can lend up to 80%.

Non-residents will also require specific documentation highlighted on our Spanish Mortgages For Non-Residents page.

Our experienced advisors with years in the industry can help to secure non-resident and resident mortgages in Spain, designed to suit your particular needs and circumstances. Just get in touch today, and we’ll get the process started.