Getting a Spanish Mortgage as a Non-Resident: 2026 Update

Non-resident mortgage rates range from 3.5% to 4.5% variable, 3.8% to 5.0% fixed. LTV limits: 60-70% for primary, 50-60% for investment properties.

Impact on Investment Returns

Cash purchase: 9.0% annualized return. 60% LTV mortgage at 4%: 12.2% annualized return. Leverage amplifies returns when gross yields exceed the mortgage rate.

Practical Tips

Get pre-approval before committing. Open a Spanish bank account early. Factor in arrangement fee (0.5-1%), tasacion, and insurance.

This guide is for information purposes. Consult a mortgage broker for advice specific to your circumstances.