Mortgages & financing
Financing a Mallorca purchase as a resident or non-resident.
Can non-residents get a Spanish mortgage?
Yes. Spanish banks lend to non-residents, typically financing up to 60–70% of the lower of the price or valuation; residents may borrow more.
We introduce you to brokers and banks that work with international buyers in several languages.
How much deposit do I need?
As a non-resident, plan for around 30–40% of the price as a deposit, plus the 10–13% in taxes and fees on top.
A broker can confirm your exact borrowing capacity before you start viewing, so you shop with a clear budget.
What documents do banks ask for?
Typically proof of income (payslips or accounts), recent tax returns, bank statements, existing debts, ID and your NIE.
Self-employed buyers usually provide two years of accounts. We help you prepare a complete file to speed up approval.
Should I pay in euros or my home currency?
The purchase is in euros. If your funds are in another currency, a specialist currency service can often beat the bank's exchange rate and let you lock in a rate.
On a large purchase the saving can be significant; we can point you to providers buyers use.
How long does mortgage approval take?
A decision in principle can take days; full approval with valuation usually takes a few weeks. Build this into your offer and timeline.
Having your documents ready in advance is the single biggest factor in a smooth, fast approval.
