If you wish to compare mortgages in Spain while in the UK, Homevest can easily assist you
If you wish to compare mortgages in Spain while in the UK, Homevest can easily assist you

What are the best Spanish mortgages for UK residents?

Regardless of the bank you choose for your mortgage, make sure you have your P60 form ready. This tax document is essential for assessing loan offers, as it captures details about your income, taxes, and contributions from the prior year. Keep reading to learn about the best Spanish banks for mortgages for UK buyers.

Delia Mihuț
Written by Delia Mihuț
Published at 2023-09-13T12:33:07Z
Last updated at 2024-02-28T07:48:48Z
Readtime 5 minutes

If you're considering buying a property in Spain, either a vacation home or a relocation, understanding the available options on the market is crucial. Fortunately, several Spanish banks provide mortgage financing for UK citizens seeking to expand their property investment.

Keep reading to learn about the best banks in Spain that offer mortgages to UK buyers. 


Sabadell ranks among the most competitive banks in Spain for non-residents, including those from the UK. 

The mortgage conditions offer great flexibility, with durations ranging from 3 to 25 years and a starting loan amount of 70,000 EUR.

Sabadell's mortgage process is straightforward, with no translations required for your English documents. 

Customers can obtain discounts on their mortgage installments by having their salary deposited into a Sabadell account and taking out the bank's insurance policies.

Tip: Sabadell is one of the fastest banks, often giving offers in three days. If you want to speed up the process, Homevest is a digital service worth considering. It can help you safely upload your documents and find the best mortgage offers. 


Cajasur bank provides competitive mortgage rates for non-residents, making it a top choice for UK citizens looking to buy property in Costa del Sol or Andalusia.

They offer up to 70% financing for non-residents. However, depending on the customer's profile, an opening fee of 0% to 1.5% may apply. 

Keep in mind that properties should have a minimum price of 120,000 EUR to apply for a Cajasur mortgage.

Tip: It's common in Spain to negotiate your interest rate, so it's advantageous for you to be familiar with the Spanish mortgage rates for non-residents.


While Santander is the largest bank in Spain with a dedicated program for non-residents, its offerings tend to be more expensive than those of other banks. 

However, the Santander mortgage could be a great Spanish mortgage for UK citizens looking to purchase a property valued under 100,000 EUR. 

It’s worth mentioning that Santander prioritizes customers who've found a property, so they always need the nota simple for the loan process. This document details the property and its registered owner, description, purchase date, and land area.

Tip: Whether you're considering Santander or any other Spanish bank, make sure you have your P60 form ready. This tax document is essential for assessing loan offers, as it captures details about your income, taxes, and contributions from the prior year.


CaixaBank offers HolaBank mortgage, a product tailored for international buyers, including UK buyers. 

CaixaBank is among the best banks in Spain for a mortgage, being one of the most competitive in the market. Customers can choose a discounted installment, where the interest rate can be reduced by up to 1%, depending on the products selected and maintained throughout the mortgage term.

Also, if you take out a HolaBank mortgage, CaixaBank will cover the property valuation fee. 

Tip: CaixaBank now offers more attractive fixed-term offers, with rates dropping to as low as 3.06% if you choose to obtain both home insurance and security services.


Bankinter could be a great option if you prefer remote banking that can remain close at hand when you’re not in Spain.

While they provide flexible repayment options, allowing borrowers to select a payment plan tailored to their financial needs, they might not always offer the most competitive rates for specific loan categories, particularly for those looking for long-term mortgages.

The repayment term can be up to 25 years. 

Tip: The Bankinter mortgage is suitable for UK buyers with a monthly income of at least 2,500 EUR who prefer to access a variable mortgage. 

Comparison of the Spanish banks that offer mortgages for UK buyers

Bank Interest rate Loan amount range
CaixaBank 1.2% + current Euribor rate 100.000 - 2.900.000 EUR
Sabadell 3.3% first year followed by 1.5% Euribor min 70.000 EUR
Cajasur 3% first year followed by 1.5% Euribor 80.000 - 1.000.000 EUR
Bankinter 2.80% first year followed by 2.05% + Euribor 12m 60.000 EUR - no max amount
Santander 1.75% + Euribor 100.000 - 1.000.000 EUR

The cost comparison was made on December 6, 2023, and includes offers from October and November.

This comparison highlights the mortgage interest rate and the loan amount range a UK citizen can access. When deciding on a mortgage, consider your financial health and risk comfort level, weighing the likelihood of rising rates against more predictable expenses.

Compare mortgage offers with Homevest directly from the UK

If you wish to compare mortgages in Spain while in the UK, Homevest can easily assist you.

Homevest offers access to top non-resident banks in Spain on a single platform. By submitting your mortgage documents just once, you can explore offers from the best Spanish banks that offer mortgages to UK citizens, such as CaixaBank, Santander, Sabadell, Cajasur, and Bankinter.

There are no charges for processing your documents. Homevest charges a 1% success fee for the Homevest Plus premium service, which provides you with a dedicated mortgage broker, priority treatment from banks, and legal consultation to ensure everything is in order with your contract.

The process of obtaining a mortgage in Spain from the UK is the same, even though the country is no longer a part of the EU. 

Frequently asked questions

How much deposit do I need for a mortgage in Spain?

As a non-resident from the UK buying property in Spain, you must typically provide a 30% deposit of the property value. Most Spanish banks generally offer financing up to 70% for non-residents. 

Keep reading to explore key information about the deposit requirements for UK residents interested in purchasing property in Spain.

What is the debt-to-income ratio for a mortgage in Spain?

In Spain, banks usually expect monthly debt repayments, including mortgages, to be under 35% of your net income. So, with a 2,000 EUR net monthly income, your debt shouldn't surpass 700 EUR to 800 EUR. This can vary by bank and individual circumstances.

Can you get a mortgage for a Spanish Golden Visa?

To qualify for the Spanish Golden Visa, you must invest a minimum of 500,000 EUR in a property using your funds. You can only obtain a loan if the property's value exceeds this amount. 

Can you retire in Spain from the UK?  

It's possible to retire in Spain if you meet certain criteria. Because the UK is no longer part of the EU, you'll need a residence permit to live in the country for more than 90 days. Continue reading to find all the information necessary to fully understand what you need to prepare if you wish to retire in Spain

Getting property financing in Spain from the UK can seem daunting, but securing the funds you need becomes more attainable with the appropriate guidance. Don't forget that Homevest can simplify the process and help you save time.

Sources used and checked in December 2023:

  1. Sabadell mortgage for non-residents
  2. Bankinter mortgage for non-residents
  3. Spain Golden Visa

We recommend obtaining professional or specialist advice before taking or refraining from any action based on the content in this article. The information in this article does not constitute legal, tax, or other professional advice from Homevest Limited. Prior results do not guarantee a similar outcome. We make no representations, warranties, or guarantees, whether express or implied, that the content in this article is accurate, complete, or up to date.

Delia Homevest
Which part of Spain are you thinking of buying a property in? Share your experience and leave us a comment below.
Sam Customer (not verified)
I’m a resident of the UK, employed by a German company in Germany (on a German contract) and paid in Euros. Is it possible to get a mortgage with an LTV of 80%? We’ve found a property in Mallorca but with the taxes etc, need a 80% mortgage…. Thanks, Sam
Sam Customer (not verified)
I forgot to mention I’m an Irish citizen (dual national with UK) so am an EU citizen 👍
Delia Homevest
Hi Sam! Foreign and non-resident applicants are eligible for a maximum LTV ratio of 70%. The 80% LTV is available only in a few special cases and predominantly applies to non-resident Spanish citizens.

If interested in these terms, you can obtain an estimated loan simulation through Homevest.
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