Yes, foreigners can get mortgages in Spain, and plenty do. The process is more familiar than you'd expect, with some specific rules for non-residents that are worth knowing before you start, so you plan for the right deposit and don't fall for something you can't finance.
In this article
How much you can borrow
If you're a non-resident paying taxes outside Spain, you'll typically be offered up to 60-70% of the purchase price, with the strongest applications occasionally reaching higher, and buyers from outside the EU often nearer 50-60%. So the deposit you need is larger than a domestic buyer's: plan for at least 30-40% of the price in cash, plus the buying costs from the last two posts.
What it costs and how long it runs
Most lenders offer fixed or variable deals over a maximum term of around 20-25 years, and interest-only mortgages are rare. Rates in 2026 sit broadly in the high-3% to mid-4% range for fixed deals, helped by the benchmark Euribor easing back from its earlier highs. The set-up costs of arranging the mortgage itself add roughly 4-5% of the amount borrowed, so build that in too.
How the process works
It runs much like elsewhere, usually over six to eight weeks. It's worth talking to a broker, who'll get you a mortgage quote, often for a refundable fee, then help you complete the application and wait for the lender's decision.
Once approved, the lender arranges a valuation, and as long as that comes back at or above the purchase price, completion can be scheduled. It's also possible to remortgage a property in your home country to raise the funds instead, which some buyers prefer to avoid currency risk on the loan.
When it gets complicated, get good help
James and Juliet, from London, funded their Barcelona apartment with a dual UK-Spanish mortgage, and they're candid that the paperwork was the hardest part of the whole purchase. What got them through was good legal representation in both countries and a supportive agent. Their experience is on episode 16 of the Kyero Spanish Property Podcast: borrowing across borders is very doable, but it rewards good advisers.
Your checklist for this step
- Decide whether you need to borrow at all, or can buy with cash
- If borrowing as a non-resident, plan for a 30-40% deposit plus costs
- Speak to a mortgage broker early for a realistic quote
- Weigh a Spanish mortgage against remortgaging at home, including currency risk
Understand the finance
The free Spain Buying Guide has a full section on arranging a mortgage in Spain or from home.
Download the free Spain Buying Guide →
Or carry on reading. The next post covers a cost people forget: "I'm worried about exchange rates."
Written by
Nick StoreyNick Storey is the Operations Director at Kyero.com, where he leads platform operations, product delivery, and commercial strategy.
Having lived and worked in Spain for 14 years, Nick began his career as an estate agent on the south coast of Granada and brings first-hand market experience to his work.
He joined Kyero in 2007 and has since played a central role in scaling the business, shaping its product direction, and strengthening how international buyers connect with agents across Spain, Portugal, France, and Italy
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