Bancaja the last remaining lender in Spain who as standard allowed a loan size for non-residents to be as high as 80% of purchase price if valuation fell within 70% have tweaked their scoring system so it rejects automatically any applications put to them on this basis. Only cases loaded at 70% of valuation and 60% of purchase price can now be guaranteed to pass credit scoring on loan to values. Depending on profile of client some cases at 70% of valuation or purchase may also pass the scoring but until an application is submitted and on computer you will not know if you are one of the lucky few.
Whether this is just a temporary measure because Bancaja have exceeded the level of non-resident business they wanted for 2009 or a permanent move is as yet unknown.