Buy-to-let and investment mortgages in Spain

Investors can finance Spanish rental property with non-resident mortgages of typically 60–70% loan-to-value. Spanish banks lend against your personal income, not projected rents — the investment case rests on realistic gross yields of roughly 4–7%.

How banks see investors

There's no separate buy-to-let product with rental-income underwriting like the UK's. A Spanish bank asks the same question it always asks: do your existing income and debts support this payment? Projected rent doesn't count toward approval — strong salaries build portfolios, and rents, when they come, are pure cushion.

Long-term vs tourist letting

Long-term: simpler, licence-free, steady — with strong tenant protections and rent caps in some regions. Tourist letting: higher gross income, requires a regional licence (workable in much of the Costa Blanca; restricted in Barcelona and the Balearics), plus management and void costs. Rule one: confirm the licence position on the specific property before offering.

Tax, in one honest paragraph

Rental income is taxed in Spain. EU/EEA residents currently pay 19% on the net (expenses deductible); non-EU landlords, including UK, pay 24% on the gross with no deductions — a genuine drag that belongs in your spreadsheet, not the small print. We're brokers, not tax advisors, but we'll make sure you walk in with real numbers.