Mortgages for Spanish Property Buyers: Apply for Mortgage Direct
Will you need a mortgage to buy your dream property in Spain? The maximum amount you can borrow depends on whether or not you are a working resident in Spain, your age and of course your financial situation. Your local bank is rarely your best option, as mortgage brokers can get better rates due to the volume of clients they refer to the banks.
Your Property Abroad partners with mortgage specialists Mortgage Direct; a leading independent mortgage broker in Spain since 2006. They offer a premium broker service to all nationalities, getting you the best deal possible.
Introduction Video Mortgage Direct
- Qualified Mortgage Advisors
- Native English and Dutch-speaking brokers some of whom can also communicate in Spanish, Portuguese and German
- Work with all lenders offering finance for Spain
- Exclusive deals (see below)
- Mortgage quotes within 24-48 hours
- No obligation advice delivered in a professional and friendly manner
- Competitive fees for a premium service
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. Simply submit the contact form and you will get a call from a specialist broker.
Why do Spanish property buyers use Mortgage Direct?
- Best deals available
- Quotes within 48 hours
- Fully independent service
- No obligation advice
- Qualified advisers
- Money back guarantee
- Established in 2006
- Various languages spoken
IMPORTANT BEFORE YOU APPLY
- The maximum mortgage for non-residents is 70% of the purchase price or valuation (if lower)
- The maximum term is 25 years with most banks up to a maximum age of 75 years
- Mortgage Direct will test if 30-35% of your net monthly income, after tax, covers all monthly debts (incl. rental payments), plus the new Spanish mortgage payment.
- NOTE: If you qualify for a 70% mortgage, you will need 30% of the property price in cash, plus roughly 12-13% for the fees and taxes (around 40% of the price in cash). In the Canary Islands you usually need a bit less due to lower tax.
If you think you will be approved for a mortgage based on the above terms; Fill in your details and we’ll get a mortgage specialist to get back to you within 48 hours.