Legado Inmobiliaria

You own your home outright back home. You've always borrowed easily. So a Spanish mortgage feels like the simple part.

Here's what catches most international buyers off guard: for non-residents, Spanish banks lend up to 70% — and that 70% is calculated on the bank's own valuation (the tasación), not on the price you agreed to pay.

When purchase prices have risen faster than valuations, the tasación can come in lower than expected. Your mortgage then covers less than you planned, and the shortfall has to come from your own accessible funds before completion day.

The safe habit experienced buyers follow: budget as if the mortgage covers 60–65% of the price, and treat anything above as upside. 🏡

Understanding your real borrowing position before you sign a reservation is exactly what we walk through with non-resident buyers — in your language, before you commit to anything.

Should you take a mortgage in Spain at all — and if so, which type?

Three products are on the table for non-residents. Variable, linked to Euribor plus a spread of around 0.9–1.5%, which suits buyers who expect rates to keep falling. Fixed, roughly 2.8–3.8% depending on term and lender, for people who value predictability. And mixed — fixed for the first years, then Euribor — popular for second homes. (Non-resident rates tend to run 0.2–0.5% higher than resident ones.)

And here is the part many people miss: plenty of buyers who could pay cash still choose to finance. To keep capital liquid, to spread cash across new-build stage payments, or because their money earns more elsewhere than the mortgage costs.

It is worth running the numbers rather than assuming cash is always right. We help non-resident buyers do exactly that, in their own language, with costs written down before they reserve. 💶

3-bedroom home in Cumbre del Sol

3-bedroom home in Cumbre del Sol, from €593,000.

Real price, real listing. No surprises once you arrive. We help international buyers see exactly what they're getting on the Costa Blanca, in their own language.

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Woning met 3 slaapkamers in Finestrat

Finestrat: de zee dichtbij, het hele jaar door zon, 3 slaapkamers om thuis te komen.

Wij helpen kopers van buiten Spanje een echte plek te vinden aan de Costa Blanca — elke stap, in uw eigen taal.

Advertentie · Legado Inmobiliaria

There is one detail about Spanish mortgages that catches almost every non-resident buyer off guard.

When a bank offers you "up to 70%", that percentage is applied to the bank's own valuation — not to the price you agreed with the seller. And those two numbers can differ.

Spanish banks typically lend non-residents 60–70% of their valuation. There is also an income test: your monthly repayments should not exceed 30–35% of your net verified income. Most lenders look for a purchase price of around €150,000 or more.

Our honest advice: budget as if you are financing 60–65% of the purchase price. That way, if the formal valuation comes in lower than expected, it is not a nasty surprise — you have already planned for it.

This is one of the first things we pressure-test with non-resident buyers before they commit to anything. 🏡

3-bedroom home in Finestrat

3-bedroom home in Finestrat, from €1,200,000.

Real price, real listing. No surprises once you arrive. We help international buyers see exactly what they're getting on the Costa Blanca, in their own language.

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Woning met 3 slaapkamers in Finestrat

Woning met 3 slaapkamers in Finestrat, vanaf € 1.200.000.

Een reële vraagprijs, geen verrassingen achteraf. Wij helpen internationale kopers precies te zien wat ze kopen aan de Costa Blanca — in uw eigen taal.

Advertentie · Legado Inmobiliaria

Here is a mistake we see non-resident buyers make often: they find the home first, sign the reservation, and only then walk into a bank.

By then it is usually too late.

A non-resident mortgage in Spain takes 6–10 weeks from your first documents to a signed deed. The bank's own valuation alone takes 1–2 weeks. And after the binding offer (the FEIN) is issued, there is a mandatory 10-day reflection period that cannot be shortened.

The fix is simple: start the pre-assessment 8–12 weeks before completion. You submit your income documents, the bank gives an indicative offer, and no commitment is required at that stage.

Getting your paperwork ready before you even start viewings is the single biggest time-saver in the whole process.

We coordinate the mortgage stream alongside the legal one for our buyers, so the two never fall out of step. 🗓️

3-bedroom home in Cumbre del Sol

Cumbre del Sol: the sea within reach, sun most of the year, 3 bedrooms to make it home.

We help non-resident buyers get a real foothold on the Costa Blanca — every step, in your language.

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