How much of your own money do you need?

Spanish banks usually finance for non-residents:

• 60% to 70% of the appraisal value or purchase price

Therefore, it is wise to have at least 35% to 40% of your own funds available.

Arranging a Spanish mortgage

A Spanish mortgage often offers:

• Terms of up to 25 to 30 years
• Fixed or variable interest
• Financing for foreigners

Always inquire about mortgage options early in the purchasing process so that you know exactly within which budget you can search.