Spanish mortgages for residents and relocators
If you live in Spain — or are moving here with work — banks treat you as a resident: you can typically borrow up to 80% of the property value over up to 30 years, often at better rates than non-residents.
What “resident” means to a bank
Not the stamp in your passport — the substance of your life. Banks look for tax residency in Spain (or imminent, with a Spanish employment contract), income paid in euros or reliably converted, a padrón registration and NIE/TIE, and ideally some Spanish banking history.
Freshly relocated? Several banks will lend on a signed Spanish job contract before your first payslip lands. That's a routing question — our specialty.
The in-betweeners
Just moved, foreign income: employed by a UK, Dutch or German company while living in Spain — some banks read this as resident, some as non-resident. The difference is 10% of the price.
Autónomo: two to three years of Spanish tax returns open resident terms. See our self-employed guide.
Bought as a non-resident, now resident: you may be able to remortgage onto resident terms — lower rate, sometimes higher borrowing.
Resident mortgage FAQs
For most banks it's tax residency (183+ days a year) or a Spanish employment contract — some lend to new arrivals immediately on the strength of the contract.
Rarely. A few banks stretch beyond 80% for young buyers or bank-owned properties on primary residences; 80% is the realistic ceiling for most.
Often, yes — via a transfer to another bank or renegotiation once you're tax-resident. We'll run the numbers on whether it pays.
Talk to a real person about your plans
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