Can Foreigners Get a Mortgage in Spain? 2026 Rates and Banks Compared
Rates from 2.8%, LTV up to 70%, and how Santander, BBVA, CaixaBank, Sabadell and Bankinter compare for non-resident buyer
Yes — foreigners can get a mortgage in Spain in 2026, whether resident or not. Non-residents typically qualify for 60–70% loan-to-value, with fixed rates from around 2.8% and variable rates tracking Euribor plus a bank margin. Terms, LTV caps and which banks actually want your business depend heavily on your residency status and income currency.
Resident vs non-resident: the LTV gap that shapes everything
Spanish banks split borrowers by tax residency, not nationality. Fiscal residents can often borrow up to 80% of a property's value. Non-residents are usually capped at 60–70%, and non-EU buyers (post-Brexit UK, US, Canada, and others) sometimes see that drop to 50–60% depending on the bank. In practice, a non-resident should plan to have roughly 40–50% of the purchase price in cash once purchase taxes and fees are added on top of the deposit.
2026 rates: what non-residents are actually being quoted
The 12-month Euribor — the benchmark for variable-rate mortgages in Spain — has fallen sharply from its 2023 peak of around 4.16% and has been trading roughly in the 2.2–2.8% range through the first half of 2026. That decline has pulled headline mortgage pricing down with it, though non-residents still pay a premium over what residents are quoted for the same property.
| Rate type | Typical non-resident range (2026) | Notes |
|---|---|---|
| Fixed (Fijo) | ~2.8% – 4.5% | Full-term fixed is getting harder to find above roughly €500,000 — many banks push larger loans to mixed or variable instead |
| Variable (Variable) | Euribor + ~0.80% – 1.5% | Moves with Euribor every 6–12 months; more attractive while Euribor keeps falling |
| Mixed (Mixto) | ~2.5% – 2.8% fixed for 3–10 years, then Euribor + ~0.80% | A Spain-specific product growing in popularity with non-resident lenders in 2026 |
These are indicative ranges gathered from current bank and broker guidance — treat them as a starting point for budgeting, not a quote. Your actual rate depends on your LTV, whether you domicile your salary or hold other products with the bank, and your income currency.
How the main banks compare for non-resident buyers
| Bank | Non-resident LTV | Best known for |
|---|---|---|
| Santander | Up to 70% | "Mundo Mortgage" line, English-speaking support, online simulator |
