Financial
📄 Apply for Your Mortgage Today for Your Spanish Dream Home – Completely Online!
Buying a house in Spain? With Sublicasa your dream is closer than you think. Thanks to our 100% digital mortgage application, you don’t even have to leave your home. Everything is done safely, quickly and easily – in collaboration with our reliable financial partner specialized in foreign real estate financing.
Leave the bureaucracy and language barriers to us. You focus on choosing your ideal home on the Costa Blanca, Costa Calida or Costa del Sol, we will take care of the rest.
Mortgage Spain via our specialised partner and Sublicasa
Our trusted partner arranges everything online.
As Sublicasa, we have entered into a partnership to offer new and secure ways for mortgages in Spain.
Our partnership offers high-quality, fast and secure mortgage application services.
📌 Mortgage Options in Spain – What Are Your Options?
Fixed Rate Mortgage
This mortgage type is the most commonly used mortgage type. The interest rate is fixed for the entire term of the mortgage. It can be the most profitable with an average interest rate between 2-4%.
Variable Rate Mortgage
These mortgage types have an interest rate that varies periodically. It is mainly based on Euribor, the base rate for the settlement rate on the European Union. Today, the average interest rate is around 3%.
Mixed Rate Mortgage
This is the least popular mortgage type. It combines both variable and fixed rates in the payment plan.
Depending on your profile (resident or non-resident of Spain), different mortgage types are possible.
Mortgage for Residents: If you are a tax resident in Spain, you can apply for a mortgage of 80% of the property price.
Holiday home (second home): If it is a holiday home, you can apply for a mortgage of up to 60-70% of the net property price.
Off-plan property: You can get a pre-approved mortgage at the time of reservation. The customer profile is updated every 4 months during construction. This speeds up the signing upon delivery of the property.
Land purchase & construction: it is another type of mortgage that requires more details. They are open to customized services.
Multiple Property Purchase: If you already own a property in Spain, you can get 50% of the mortgage for investment purposes.
Luxury Homes (+€1M): You can get up to 100% mortgage by depositing secured funds in private banking. There must be a risk profile and the private banking work must be detailed.
Equity Release on Spanish Property: If you already own a property in Spain and buy a new one, you can get up to 90% mortgage by double guarantee. So while selling your existing home you can gain time to buy a new home without waiting for your home to be sold.
💡 Did you know that on average you need to put down around 40% of your own money for purchase costs and additional costs in Spain (notary, registration, etc.)? It should be noted that the interest rates in all types of mortgages depend on the status and financial credibility of the applicant.
The rate changes with the total number of properties of the applicant, the general profile of the applicant, the residence status, products purchased at the bank and the response to the first offer of the bank. Also when buying a home with a mortgage, the valuation company will be chosen by the bank for the valuation of real estate in Spain.
It is therefore strongly recommended to seek professional help when applying for a mortgage. After choosing the type of mortgage, the next step is to prepare the necessary documents for the application.
💡 Did you know that banks do provide mortgages for off-plan new-build homes? But… there is an important detail that you should definitely know:
The mortgage is only granted when the home is almost finished and you officially become the owner.
Until then, you cannot get a definitive mortgage, even if there is a preliminary agreement or simulation.
In addition, a mortgage offer from a bank is only valid for a limited time – often only a few months.
What does this mean for you as a buyer of an off-plan home?
At this time, you are not guaranteed that you will actually get the mortgage.
The bank can only definitively evaluate your file and grant the loan closer to the completion of the home.
👉 Tip from Sublicasa: Get good advice and build in a financial margin in good time. This way, you can avoid surprises when the home is almost finished.
📝 What Do You Need for Your Mortgage Application?
The list of required documents is long, but they can be easily prepared.
The applicant must be aware of all these documents and they must be in Spanish or English. They must be legally translated or apostilized.
Q: Is a mortgage in Spain a wise choice?
A: As an economically stable and developed country, Spain offers some of the lowest mortgage rates in the world.
Q: How do I get the best interest rate for a mortgage?
A: The answer is as simple as it is difficult. You must be the bank’s ideal customer. The bank’s interest rate and the final decision on your application will be taken into consideration with your profile. You must be able to demonstrate a stable source of income and give the impression that you can pay your mortgage in full. So, hiring a professional consultancy firm is a must to get better rates. Also consider their health, safety insurance offers to reduce the interest rate.
Q: How quickly can I get a mortgage?
A: With our partner Habeno often within 24 to 48 hours a first indication. Traditional banks sometimes take 4 to 8 weeks.
Q: What are the basic benefits of taking out a mortgage?
A: You have more room to plan your budget. You have the option to pay the borrowed amount in the currency of your own country.
Q: What is the average interest rate in Spain?
A: It depends on your profile, type of property and term. The estimated interest rates are between 2% and 4%.
Q: What is the maximum length for a mortgage?
A: In Spain, the general maximum mortgage term is 30 years for non-residents. The time varies according to the situations and preferences of the applicant. You can get a mortgage up to 70 years. Very few banks accept 75.
Q: Should I trust websites offering interest-free mortgages in Spain?
A: You should only trust professional agencies and brokers. The location is a big must in the mortgage industry. Knowing the area of operation is as important as in most areas of business. In order not to throw away thousands of euros, you should work with a professional and experienced agency. As Sublicasa, you can contact us now for general information.
Q:Can I get a mortgage without Spanish income?
A: Yes, as a non-resident you can still get a mortgage. Your home situation and financial capacity are decisive.
Don’t let administrative hassle or uncertainty about financing hold you back. With Sublicasa and our specialized mortgage partner, you’re never alone.
👉 Complete your application now and receive your personal mortgage proposal without obligation.