Mortgage
in Spain
Our team of lawyers helps international clients obtain a mortgage in Spain. We work with leading banks, prepare and translate documents, oversee the signing of purchase agreements, and protect your interests at every stage of the transaction.
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Mortgage for Individuals Under 35
(Jóvenes menores de 35 años)
Young buyers under the age of 35 can benefit from special conditions: reduced tax rates, access to government programs, and preferential mortgages. We will help you find the best option, secure the mortgage, and guide you through the entire transaction.
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Mortgage for Non-Residents
(Hipoteca para no residentes)
Even if you do not live in Spain permanently, you can still buy property here with a mortgage. We help foreign buyers secure a loan, gather documents, communicate with banks on your behalf, and support you all the way to the signing and handing over of the keys.
Fixed Rate (Tipo Fijo)
The payment remains the same throughout the entire loan term (20–30 years).
Pros: Complete predictability of expenses.
Cons: The rate is usually 1–1.5% higher than the initial variable rate. Recommended for those who value stability.
Variable Rate (Tipo Variable)
It consists of two parts: the bank’s fixed margin plus the Euribor rate. It is adjusted every 6 or 12 months.
Pros: Lower initial payments.
Cons: If the Euribor rate rises, your payments will increase. This is a risk you need to be aware of.
Fixed or variable rate:
Which should you choose in 2026?
Frequently Asked Questions About Mortgages in Spain
What is Euribor, and how does it affect my payment?
Euribor (Euro Interbank Offered Rate) is the average interest rate at which European banks lend to one another. If you have a variable-rate mortgage, your monthly payment will depend directly on fluctuations in the Euribor. If it rises, your payment will increase; if it falls, your payment will decrease.
What other costs, besides the down payment, will I incur?
Be prepared to pay approximately 10–12% of the property’s value in addition to the purchase price. This amount (provisión de fondos) will cover taxes (ITP or IVA), notary fees, registration with the Property Registry, and the property appraisal (tasación).
Can I pay off my mortgage early? Will there be a penalty?
Yes, you can. Under the Ley de Crédito Inmobiliario, prepayment penalties are significantly limited. For variable-rate mortgages, the maximum penalty is 0.15% during the first 5 years; for fixed-rate mortgages, it is 2% during the first 10 years.
What are "vinculaciones" (related products)?
These are additional products that the bank asks you to purchase in exchange for a lower interest rate. Most often, these are life insurance (seguro de vida) and home insurance (seguro de hogar). It’s important to calculate whether the cost of these insurance policies will outweigh the benefit of the lower interest rate.
Will the bank definitely check my credit history?
Yes. Before approving a mortgage, the bank will always check the Bank of Spain’s credit risk database (CIRBE) to verify your debt load and ensure you have no delinquent payments on other loans.
How do you help people get a mortgage?
We do more than just provide advice. We analyze your financial profile, select 2–3 banks offering the best terms, help you properly prepare and submit the necessary documents to verify your income, negotiate with the bank to lower the interest rate and waive unnecessary fees, and review the mortgage agreement (FEIN) to ensure it complies with the law before you sign it.