Non resident mortgages in Spain are lower. This is in line with a decrease in total market activity. Up to May 2024. A higher number of foreign buyers are opting for off plan builds. During construction a Spanish loan cannot be arranged. The application needs to start around 3 months before completion of property. Mortgages in Spain for an off plan cannot be guaranteed at contract stage. Therefore a risk applies. Non resident loan applicants who need, rather than prefer a Mortgage in Spain should opt to buy a resale. With a resale a Spanish mortgage application can be fully underwritten, before any commitment to buy.
IMS MortgagesPersonal and Professional information service
Mortgage Calculator
Enter loan amount, interest rate and numbers of years to calculate montly mortgage payment.