Question 1

Purchase mortgage

Accepted Answer

The primary route for buying a home in Spain — structured around your income, deposit and the property price.

Question 2

New-build from developer

Accepted Answer

Stage payments, developer guarantees and completion dates. The timeline drives the mortgage as much as the numbers.

Question 3

Second home

Accepted Answer

Holiday and part-time homes assessed on different terms — higher deposit expectations, and your existing housing costs factor in.

Question 4

Investment property

Accepted Answer

Where yield and income replace lifestyle as the justification. How rental income is presented makes the difference.

Question 5

Renovation / improvement

Accepted Answer

Financing works on a property you own or are buying. The bank values what exists today, not what the project will become.

Question 6

Self-build / construction

Accepted Answer

Finance drawn in stages against architect certificates. Each tranche has conditions the previous must meet.

Question 7

Fixed rate

Accepted Answer

One payment for the whole term. Predictability has a price — and sometimes that price is worth paying for certainty over 20 or 25 years.

Question 8

Variable rate (Euríbor)

Accepted Answer

A margin over Euríbor, reviewed annually. Cheaper entry, more exposure to rate movement over the full term.

Question 9

Mixed rate

Accepted Answer

Fixed for an initial period, variable after. The balance between stability and exposure depends on your time horizon — not one-size-fits-all.

Question 10

Resident buyer

Accepted Answer

Living in Spain, whatever the income structure. Wider bank access and LTV typically up to 80% for a primary residence.

Question 11

Non-resident buyer

Accepted Answer

Income, tax life and primary residence outside Spain. ~~70%~~ up to 75% LTV — we'll tell you if it applies to your case.

Question 12

Self-employed / autónomo

Accepted Answer

SA302s, accounts and sole trader income translated for banks in Spain that see payslips by default. The presentation does the work.

Question 13

Company director / dividend income

Accepted Answer

Company accounts and dividend income presented in a structure banks are set up to assess — not left to interpret from scratch.

Question 14

Salaried employee

Accepted Answer

The standard case — focused on debt-to-income ratio, income stability and the proportion of monthly income already committed.

Question 15

Civil servant / funcionario

Accepted Answer

One of the strongest profiles for banks in Spain. Permanent, pensionable employment reads clearly in an underwriting file.

Question 16

Retiree / pensioner

Accepted Answer

Age at the end of the term matters more than age at signing. Pension income reads differently to salary — not always negatively.

Question 17

Rentista / landlord

Accepted Answer

Buyers whose principal income comes from property rents. How yield, existing tenancy contracts and portfolio structure are presented to a bank in Spain changes everything.

Question 18

New mortgage

Accepted Answer

A fresh mortgage on a property — the standard route when buying without an existing financing structure on the asset.

Question 19

Novation

Accepted Answer

Modifying the terms of your existing mortgage with the same bank — rate, term or both. Cheaper than moving when the bank agrees to meaningful changes.

Question 20

Subrogation — debtor change

Accepted Answer

Assuming the seller's existing mortgage. You take on their terms and remaining balance — sometimes better than starting fresh when the numbers work.

Question 21

Subrogation — lender change

Accepted Answer

Moving your existing mortgage to a different bank. Same loan, better conditions — if the maths make sense after accounting for all switching costs.

Question 22

Standard — up to 80%

Accepted Answer

The typical ceiling for residents buying a primary residence. The remaining 20% plus all purchase costs must come from verified own funds.

Question 23

Non-resident — typically up to 70%

Accepted Answer

Banks apply a larger haircut for buyers whose income and tax life are outside Spain. The right bank and preparation can improve what is possible.

Question 24

Higher LTV with additional security

Accepted Answer

Above 80% financing is available for very specific profiles and circumstances. This is not standard — talk to us to find out if it applies to your case.

Question 25

First home — young buyer programmes

Accepted Answer

Up to 100% finance in specific ICO guarantee programmes, subject to availability and strict eligibility criteria. We advise where this applies and where it does not.

Question 26

Doble garantía (cross-collateralisation)

Accepted Answer

Using two or more properties as combined security — the combined valuation can support a higher LTV than either property alone would allow. Useful where the primary property falls short of the required loan amount.

Question 27

Hipoteca con pignoración

Accepted Answer

Financial assets — deposits, investment portfolios, insurance products — pledged as additional collateral alongside the property. Used to improve LTV or satisfy banks where the income case alone leaves a gap.

Question 28

No linked products

Accepted Answer

The rate is the rate — nothing attached. Usually the highest starting rate, but no ongoing commitment to insurance or bank products that may not suit you.

Question 29

Standard package

Accepted Answer

Home insurance and life cover expected. A meaningful rate reduction in exchange — worth calculating the real cost of each product before accepting.

Question 30

Full package

Accepted Answer

Life, home, pension plan, card, payroll domiciliation — maximum rate reduction, maximum commitment. The total cost of each element needs comparing, not just the headline rate.

Every route to a mortgage in Spain, mapped out.

What are you financing?

How do you want to pay?

How will the bank read your case?

New mortgage, or restructuring one you have?

How much can you borrow?

What comes attached to the rate?

Start your mortgage review