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Obtaining a Mortgage in Spain


Mortgages are available in Spain, although the lending criteria have become stricter. As with most mortgages the two main criteria are the property details and the buyer’s financial situation.

In Spain the amount given on a mortgage differs on the type of land the property is built upon:

As with solicitors, there are banks which specialise in certain types of property and it is important to use the right bank for either rustic/inland property or coastal/urban property.

When you have found the property you wish to buy, the bank will send a Tasador (valuer) to the property to do a valuation. The value calculated is based on the quality of build, the size and location of the property, and its legal status. This is called the “Tasacion” and is the document the bank uses to make you an offer. This process usually takes around 3 weeks.



Mortgage Direct have been operating in Spain since 2006. During the last 12 years, they have cemented their place as the leading independent broker in Spain. They offer a premium broking service to clients of all nationalities and secure the best possible deals.

Ideal Property Spain has chosen to collaborate with Mortgage Direct over other brokers/intermediaries for the following reasons:

If you wish to find out more about getting finance in Spain, Mortgage Direct are available to discuss your options with you and to provide a no obligation mortgage quote.

They are completely independent and have a wealth of experience in a market where contacts are everything and premium service is key. 


Click on the following image to request a personalised quote from Mortgage Direct, Spain's leading mortgage broker:

click here for a no-obligation quote for a great mortgage






Mortgage Direct is currently offering deals to non-residents with both variable and fixed rates. The Euribor is currently at its lowest ever level, as of January 2018. Please see below a graph which shows the fluctuation of the Euribor over the last 13 years.

Mortage Direct Yearly Euribor rate January 2018

Now that the property market is steadily improving, more banks are lending again, which has increased competition and led to some very attractive deals becoming available to clients of Mortgage Direct.

At present, mortgages up to 70%* are available to non-residents and 80% to residents. There are some special deals above 80% available to young first-time-buyer resident clients.

Again, we recommend that you contact Mortgage Direct if you have questions relating to whether you would qualify for a mortgage, how much you would qualify for and what conditions may be available to you.

* mortgages are based on the lower of purchase price or valuation.


If you wish to get a general idea of your mortage costs, please feel free to use the Mortgage Calculator below:

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