Mortgages in Spain for non-residents
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Mortgage Spain non resident
There are mortgages available for non-residents in Spain. Non-residents can apply for mortgages from banks in Spain and in some cases from international banks. The requirements for a mortgage for a non-resident in Spain are typically more stringent than for a resident, and the interest rate may be higher. We will explore this in more detail
Get the assistance that you need for a mortgage in Spain for non-resident
Getting a mortgage in Spain can be costly and time-consuming if you reside in the United Kingdom. There are legal and tax implications that you need to consider.
At Ignitius we have the right legal expertise in the Spanish property system and regulations. We can assist you throughout the process: from applications for fiscal personal identification numbers (NIE in Spain), to advice on finance, including mortgages or preparation of powers of attorney.
Do you need to get a mortgage in Spain for non-resident?
At IgnitIUS we guide you through the process and give you all the advice you require. We’ll set up the appointment with the notary and make you you have the paperwork ready.
Differences with mortgages for Spanish residents
Mortgages for non-residents in Spain are different from mortgages for Spanish residents in several ways. For example, non-residents may require a larger down payment, a higher interest rate, and may have more restrictions on the types of properties they can purchase. Additionally, non-residents may be subject to more stringent loan requirements, such as providing more documentation, additional fees, and a larger deposit. Additionally, non-residents may have shorter repayment terms and may be required to provide proof of income and other financial documents in order to secure the loan.
