Spanish banks lend to non-residents, at a lower loan-to-value than they offer residents. Loan-to-value is not set by law. Spanish banks commonly lend non-residents up to 60–70% of the lower of price and valuation; the figure, the rate and the fees are the bank's own offer — get it in writing. The comparison in the widget uses 80%, the figure commonly quoted to residents on a main home.
This calculator returns the standard mortgage math: monthly payment on a French-amortisation schedule (the Spanish default), total interest paid over the life of the loan, and the side-by-side resident-vs-non-resident view so you can see the cash-deposit difference. It also converts the deposit and monthly payment into your home currency at the spot rate you input — useful for budgeting when your income arrives in USD, GBP, SEK, or NOK.
The number it doesn't tell you: whether a bank will actually lend. Non-resident underwriting weighs debt-to-income (a common cap is about 35% of net income), the borrower's credit profile in the country of residence, and any existing relationship with the bank. In the desk's experience many purchases at the upper end are made in cash, and a mortgage is used to hedge currency or keep capital liquid rather than out of necessity.
This calculator returns an estimate. Spanish tax law, mortgage criteria, and currency markets shift; Muse Selection is not your tax, mortgage, or currency adviser. Confirm any figure with a cross-border specialist before structuring a purchase.
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Can a non-resident get a mortgage in Spain?
Yes. Loan-to-value is not set by law. Spanish banks commonly lend non-residents up to 60–70% of the lower of price and valuation; the figure, the rate and the fees are the bank's own offer — get it in writing. Underwriting requires an NIE, tax returns from the country of residence, bank statements, and proof of income.
What is the maximum LTV for a non-resident mortgage in Spain in 2026?
There is no published maximum. Loan-to-value is not set by law. Spanish banks commonly lend non-residents up to 60–70% of the lower of price and valuation; the figure, the rate and the fees are the bank's own offer — get it in writing.
Are Spanish mortgage rates fixed or variable?
Both. The Spanish market offers tipo fijo (fixed for the entire term), tipo variable (Euribor plus a fixed spread), and tipo mixto (fixed for an initial period, variable thereafter). The rate and the spread are the bank's own offer and change from month to month, so this page types none: get the offer in writing and enter its rate in the calculator.
What are the costs of taking a Spanish mortgage as a non-resident?
Beyond the rate: an independent valuation (tasación), any arrangement fee, and the insurance the bank asks for. The amounts are part of the bank's offer, so this page types none. Since 10 November 2018 the lender, not the borrower, pays AJD on a mortgage deed (Real Decreto-ley 17/2018 of 8 November). These costs come on top of the purchase tax and the other costs of the purchase itself.
Should I take a Spanish mortgage if I can pay cash?
It depends on three things: your home-currency interest-bearing alternative, your tax position (mortgage interest on the primary home does not reduce Spanish IRPF for non-residents, so the deduction case is weak), and your wealth-tax exposure (mortgage debt secured on the Spanish property reduces the Patrimonio base, which can be material above €3M). For pure financing efficiency, cash often wins. For Patrimonio shielding or currency-hedging on a depreciating non-EUR position, a Spanish mortgage is sometimes structurally optimal.
This calculator types no market rate. The interest rate, the term and the down payment are inputs; the rate the slider opens on is a starting position, not a quote — replace it with the rate in your bank's written offer. Loan-to-value is not set by law. Spanish banks commonly lend non-residents up to 60–70% of the lower of price and valuation; the figure, the rate and the fees are the bank's own offer — get it in writing.
Monthly payment uses the standard French-amortisation formula: M = P · [r(1+r)^n] / [(1+r)^n − 1], where P is principal, r is monthly rate (annual / 12), and n is total months. This is the dominant Spanish amortisation method.
The resident-vs-non-resident comparison fixes interest rate and term and changes only the loan-to-value (80% for the resident; 65% for the non-resident by default, adjustable on the widget). A bank may also price the two differently; the calculator does not model that.
Currency conversion is at the spot rate the user inputs. Servicing a euro mortgage from a non-euro account adds a conversion cost to every payment, and over a multi-decade loan the movement of the euro against the home currency matters more than the headline rate. The calculator models neither.