Spanish Mortgages - Useful Information

If you are seriously looking for your Marbella property, it is worth reading up on the services available to foreign buyers when it comes to overseas mortgages. It has become so common for foreigners to buy Spanish property that there are plenty of options available to you.

According to recent studies Spain, along with France and Bulgaria, is fast becoming one of the best EU countries for obtaining an overseas mortgage. In Spain there are now over 275000 registered Britons, plus a whopping estimated 500000 unregistered. Over half of these people are living in rented property and for this reason many Spanish banks like La Caixa offer special services in English to encourage foreign buyers.

International Banks with Spanish Mortgages glasses

Many international banks now offer special 'Spanish mortgages' which are specifically catered to the Spanish housing market and deal with every aspect of translation, lawyers and insurance. Some of the most reputable international banks are the following:

Deutsche Bank


Banco Santander (Also known as Abbey)

Lloyds TSB

Applying for a Spanish Mortgage

When applying for a mortgage in Spain you need to make sure you have the following:

  • Valid Passport, residence permit or Spanish ID card (NIE)
  • Resale Properties: Property deeds of current owner.
  • New Building: Declaration deed from developer
  • Your last three bank statements (account statement for last three years if you are self-employed)
  • Your last three salary slips.
  • Spanish tax declaration for the last financial year (P60 form in UK) or if you are self-employed you need to provide tax slip for the last two years.