Tell me moreUK mortgages
Overseas mortgages
Calculators & tools
The Spanish Mortgage
For buying permanent or holiday homes
Your Spanish property may be repossessed if you do not
keep up repayments on your mortgage
Being just a short flight from the UK many people find that Spain is the ideal location for either a short break or as a longer term getaway. However when it comes to buying a Spanish property, it's easy to be put off by the difficulties of organising a mortgage using an overseas bank.
With the Spanish Mortgage you can arrange finance to purchase property in Spain, all with the reassurance that comes from a name you trust.
| Key information | |
|---|---|
| Minimum loan amount | €100,000 |
| Minimum loan term | 3 years |
| Maximum loan term | 25 years (5 years interest only) |
| Minimum age at start | 18 years of age |
| Maximum age at expiry | 65 years of age (Up to 70 may be considered) |
| Maximum Loan to Value (LTV) | 55% of the purchase price or valuation of the Spanish property, whichever is lower (50% for interest only mortgages) |
| Currency options | Available in Euros |
| What you can borrow | We assess every application on individual affordability. When we calculate affordability, we consider your 'net disposable income' (NDI) This is your net monthly income less long term commitments. This should not exceed the NDI figures below. Long term commitments include:
|