Guide to mortgages in Spain

Indiríjase a

Comprar una vivienda en España es un proceso apasionante, but los préstamos hipotecarios pueden ser un paso desalentador para muchos compradores internacionales. This guía le ayudará a entender los entresijos del proceso hipotecario en España y a que su experiencia sea lo más cómoda posible.

1. basic requirements for the borrower

  • A steady source of income: Banks want to make sure you have a steady income to repay the loan.
  • Good credit history: Your credit history will show the bank how reliable a borrower you are.
  • The borrower’s age should usually not exceed 75 by the time the loan is repaid, but some banks may offer exceptions.

2. Documents required

  • Passport or ID: This is the main document that proves your identity.
  • Proof of income: Wage certificate, tax returns or other documents that prove your income.
  • Information about current loans and liabilities: This will help the bank assess your ability to repay the new loan.
  • Documents for the property to be purchased: These documents confirm the ownership of the property and its value.

3. How to choose a bank

  • Compare terms and rates of different banks: Each bank offers different terms and conditions, so it is important to do a comparative analysis.
  • Find out about fees and penalties: Some banks may charge additional fees for early repayment or other transactions.
  • Consider working with a mortgage broker: Brokers can help you find the best terms and save you time.

4. Tips for getting the best deal

  • Improve your credit history: Regular payments on your current loans will improve your credit history.
  • Prepare all documents in advance: This will speed up the loan approval process.
  • Make the largest down payment possible: The larger the down payment, the better loan terms you can get.
  • Consider mortgage insurance: This can improve your loan terms and protect you from unforeseen circumstances.

5. What to do after mortgage approval

  • Familiarise yourself with the terms of the contract: Make sure you understand all the terms and obligations.
  • Clarify the closing date: This is an important step that you need to be prepared for.
  • Prepare the necessary additional documents: For example, insurance or documents for a notary.

6. Additional tips

  • Study the market: Understanding the current market conditions will help you get the best terms.
  • Consider different types of mortgages: For example, fixed or variable rates.
  • Collaborate with local experts: Local experts can provide valuable market information and help you avoid common mistakes.


Mortgage lending in Spain can seem complicated, but with the right preparation and a thorough understanding of the process you can make your property buying experience as comfortable and rewarding as possible. We hope this guide will help you make the right choice and successfully complete the transaction.