Mortgage guide
Spanish Mortgages: detailed guide
Spanish mortgages for UK, US and European buyers, arranged by our sister company Uno Money. Non-resident and expat specialists. Enquire today.
- Published
- 18 Aug 2026
- Last reviewed
- 18 Aug 2026
- Reading time
- 2 min
Non-resident mortgages in Spain
A Spanish mortgage for non-residents is a loan offered to buyers who live and pay tax outside Spain, typically holiday-home and investment buyers from the United Kingdom and northern Europe. Non-resident applicants are offered lower maximum loan-to-value limits than residents and must evidence home-country income, alongside an NIE number (Número de Identificación de Extranjero), the identification number every foreign buyer needs to purchase Spanish property.
Spanish mortgages for UK buyers
Buyers from the United Kingdom remain among the largest groups of foreign purchasers in Spain, concentrated on the Costa del Sol, the Costa Blanca, the Balearic Islands, and the Canary Islands. Since the United Kingdom left the European Union, UK buyers apply as non-EU non-residents; this does not prevent lending but can affect terms with some lenders.
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Spanish Mortgage Criteria
For context, these are the wider product terms covered by this guide. Availability and eligibility depend on your circumstances and the lender.
| Criteria | Detail |
|---|---|
| Borrower types | Non-residents, Spanish residents, expats relocating to Spain |
| Nationalities | United Kingdom, United States, Germany, France, Italy, Sweden and others |
| Maximum LTV: non-residents | 80% |
| Maximum LTV: residents | 100% |
| Minimum loan | From €50,000 |
| Term | 40 years |
| Repayment types | repayment / interest-only |
| Rate types | Variable (Euribor-linked), fixed, mixed/blended |
| Currency flexibility | Non-euro income (GBP, USD, SEK) accepted |
| Security | First legal charge registered at the Spanish property registry (Registro de la Propiedad) |
| Valuation | Independent Bank of Spain-supervised valuation (tasación) |
| Regulator | Bank of Spain: Spanish mortgages are not FCA-regulated |
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- Area:
- West Midlands
- Loan size:
- £92,000
Frequently asked questions
What deposit do I need for a Spanish mortgage?
The deposit depends on residency status and the lender. Non-residents generally need a larger deposit than Spanish residents, and buyers must also budget for Spanish purchase taxes and fees on top of the deposit.
Which UK banks offer Spanish mortgages?
Mainstream United Kingdom high street banks do not offer mortgages secured on Spanish property. Lending against property in Spain comes from Spanish banks and international lenders operating in Spain. Some UK buyers instead remortgage their UK home under a separate, FCA-regulated transaction and buy in cash.
What are Spanish mortgage rates based on?
Spanish variable mortgage rates are typically priced against Euribor, the euro interbank reference rate, plus a lender margin. Spanish lenders also offer fixed rates and mixed (mixto) products that fix for an initial period before reverting to variable. Current pricing should be confirmed at the time of application.
Is a Spanish mortgage regulated by the FCA?
No. A mortgage secured on property in Spain is regulated under Spanish law, not by the United Kingdom Financial Conduct Authority (FCA). United Kingdom regulatory protections, including access to the Financial Ombudsman Service for the mortgage advice, generally do not apply as they would for a UK mortgage.
Does Mortgage Lane advise on Spanish mortgages?
No. Mortgage Lane refers Spanish mortgage enquiries to its sister company, Uno Money, which advises on and arranges the loan. Spanish property lending sits outside United Kingdom Financial Conduct Authority (FCA) mortgage regulation, so Uno Money, not Mortgage Lane, is responsible for the advice.
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