Best buys with a mortgage in Spain
Spanish mortgage product types can vary. See our current best buys for non resident loans.
What are the best offerings available for non resident mortgage applications
For non residents buying in Spain. Spanish Banks offer different terms and pricing for Spanish loans than those offered to fiscal residents of Spain
Spanish Banks generally do not have set mortgage products and terms. Each Bank has a bottom and top range of rates and conditions they can offer. When an application for a mortgage in Spain, is received, the Bank in Spain adapts its offering to the overall quality of the lending.
- Firstly by taking into account the total relationship they will have with the applicant
- Secondly other factors like loan to value required and debt to income ratios
- Employment stability
- Age of applicant
- Spanish Banks are required to offer you two rate options
- One with linked products and one without
- All loans in Spain are repayment
- Ages for completion of loan are between 60 years to 75 years
Overview of Spanish mortgage interest rate ranges
- Variable rates without linked products, from 1% above Euribor
- 12 month Euribor revision in November 2024 is plus 2.691%. Decreasing over the October 2024 figure, for all new Mortgages in Spain
- 20 year fixed rates from 2.65% fixed for full term. Linked products apply. In addition, minimum loan size and purchase price
- 10 year fixed rates from 2.5% fixed for full term
- Mixed rate products from 4.25% first 3 years followed by 1.25% above Euribor
- Maximum terms range from 15 years to 30 years. Fixed rates for full term available.
Rates shown for a Mortgage in Spain are for guidance. This is because lenders in Spain tailor final terms and conditions to the borrower. Based on risk profile and fiscal strength.
Make an application for a mortgage in Spain, to see what you can achieve, take advantage of our no cost approval process. Contact us today
Product 1
For a mortgage in Spain nationality restrictions may apply
Purchase price restrictions may apply
contact us info@imsmortgages.com
- Up to 70% loan to value
- Up to age 75 years
- Maximum term 25 years
- Variable rates first year 2.69% followed by 1.3% above 12 month Euribor, with linked products
- Rate reviewed 12 monthly
- Fixed rates from 2.65%, with linked products
- For fixed rate currency limitations may apply
- Standard arrangement fee 0%
- 0% early redemption fixed and variable rates
- Linked products required for lowest possible rates
Product 2
Nationality restrictions may apply
Minimum purchase price 1mk
Minimum loan size 500k
contact us info@imsmortgages.com
- Up to 70% loan to value
- Up to age 75 years
- Maximum term 20 years
- 2.5% fixed rate for first 4 years
- Variable rate year 5, Euribor plus 0.80% with linked products
- Standard arrangement fee 1%
- Redemptions 2% first 4 years. 0.15% year 5. 0% from year 6
- Linked products required for lowest possible rates
Product 3
No minimum earning requirement for mortgages in Spain
Restrictions on purchase price not applicable
Most nationalities considered – 70% for UK citizens re-instated
contact us info@imsmortgages.com
- 70% loan to value
- Up to age 75 years
- Maximum term 25 years
- Variable rate from 1% above 12 month Euribor
- Rate review 12 monthly
- Fixed rates 10 to 25 years from 3.5%
- Fixed rates for non euro earners available by exception
- Standard Bank arrangement fee 1.5%
- 0.25% early repayment full and partial first 3 years/ 0.15% for 5 years/ fixed rates higher redemptions may apply.
- Linked products required for lowest possible rates
Product 4
Nationality restrictions may apply for a mortgage in Spain
Minimum earnings levels € 48k net
No purchase price restrictions
contact us info@imsmortgages.com
- Up to 70% loan to value
- Up to age 75 years
- Maximum term 20 years
- Variable rate from 0.80% above 12 month Euribor
- Rate reviewed 12 monthly
- Fixed rates 10 to 20 years from 2.5%
- Fixed rates and currency loans GBP, SEK, DKK,NOK,CHF,USD, CAD
- Standard Bank arrangement fee 0%
- Variable 0.25% early repayment full and partial first 3 years/ 0.15% for 5 years, fixed rates higher redemptions may apply
- Linked products required for lowest possible rates
Product 5
For the mortgage in Spain nationality restrictions may apply
Purchase price restrictions may apply
Minimum earnings € 50k net
contact us info@imsmortgages.com
- Up to 70% loan to value
- Up to age 75 years
- Maximum term 25 years
- Variable rates from 1.5% above 12 month Euribor
- Rate reviewed 12 monthly
- Fixed rates 10 years from 3.5%, 15 years from 3.75%, 20 years from 4%,25 years from 4.5%
- Fixed rate Euro earners only
- Standard arrangement fee 1.5%
- Variable 0.25% early repayment full and partial first 3 years/ 0.15% for 5 years, fixed rates higher redemptions may apply
- Linked products required for lowest possible rates
Product 6
Nationality restrictions may apply
Minimum purchase price € 80k
contact us info@imsmortgages.com
- Up to 70% loan to value
- Up to age 70 years
- Maximum term 20 years
- Variable rate from 1.99% above the 12 month Euribor.
- Rate review 6 monthly
- Full term fixed rates 5 to 20 years from 4%
- Fixed rate currency restrictions may apply
- Standard arrangement fee 1.5%
- 0.25% early repayment full and partial first 3 years/ 0.15% for 5 years variable rates, fixed rates redemption penalties may be higher.
- Linked products required to receive lowest possible rate.
Product 7
Nationality restrictions may apply
Area, purchase price, and population level restrictions may apply
contact us info@imsmortgages.com
- Up to 70% loan to value
- Up to age 75 years
- Maximum term 30 years
- Variable rates from 1.69% above 12 month Euribor
- Rate review 6 monthly
- Fixed rate up to 30 years 5.05%
- Mixed fixed variable rates 5 years 5.45% then 1.69% above Euribor. 10 year fixed 5.15% then 1.49% above Euribor
- Fixed rate currency restrictions may apply
- Standard Bank arrangement fee 1.5%
- 0.25% early repayment full and partial first 3 years/ 0.15% for 5 years variable rates, fixed rates redemption penalties may be higher.
- Buildings insurance compulsory for lowest rates