Spanish Mortgages

Posted: Sun May 21, 2017 8:01pm

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Posts: 11

Joined: 16 May 2017

We are looking to buy an apartment for a family holiday home. We would need a mortgage and would like to know what are the maximum %s the banks are willing to lend to none residents.

Thanks

Mart

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Posted: Tue May 23, 2017 11:35am

DanielleSpain

Posts: 4

2 helpful points

Location: Javea / Xàbia

Joined: 5 Apr 2017

Posted: Tue May 23, 2017 11:35am

Hi Mart,

Just to save confusion (and apologies if you already know this), when applying for a mortgage, the bank will label you as either a fiscal resident or a non-resident. However this is not dependant on where you live or if you have a residencia. To be classed as a fiscal resident, you must pay Spanish tax on your income (regardless of whether you have your residencia).

In answer to your question, as a fiscal non-resident, you can borrow up to 70% LTV. As a fiscal resident, up to 80%.

Hope this helps! Happy to answer any other questions you may have in regard to obtaining a mortgage in Spain

Kind regards,

Danielle

The Mortgage Shop Spain

Posted: Tue May 23, 2017 6:10pm

adammch

Posts: 36

17 helpful points

Location: Pinoso / El Pinós

Joined: 18 Jan 2017

Posted: Tue May 23, 2017 6:10pm

Trolleydoc1 wrote on Sun May 21, 2017 8:01pm:
We are looking to buy an apartment for a family holiday home. We would need a mortgage and would like to know what are the maximum %s the banks are willing to lend to none residents.
Thanks

Read more...

Mart

I have just bought a house and the max was70%, but depends on your age and income