What is the maximum LTV (Loan to Value) I could get?

For non-residents, you could borrow up to 70% of the purchase price of the property.


In case you are eligible for a resident mortgage, the banks will normally offer 80% LTV. In some exceptional cases a higher % can be achieved.


To be eligible for a resident mortgage your income must be generated in Spain, and you must be paying Spanish taxes. Most banks will require at least 2 years of Spanish taxes before being able to offer a resident mortgage.


Also, it is good to know that the bank will always take as a reference price the lowest between the valuation and the purchase price.


We offer competitive mortgages for both non-residents and residents. Speak to our mortgage brokers today!

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