Sabadell accepts documents in EN, FR, and DE without requiring translation
Sabadell accepts documents in EN, FR, and DE without requiring translation

Sabadell mortgage for non-residents. Everything you need to know

Sabadell offers a variety of options, including both fixed and variable rates, allowing borrowers to choose a mortgage solution that aligns with their financial goals. Read on for essential information to consider when choosing a Sabadell mortgage.

Delia Mihuț
Written by: Delia Mihuț
Published at 2023-07-05
Last updated on 2024-06-13
Readtime 3 minutes

If you're living abroad and considering accessing a mortgage to buy a property in Spain, Banco Sabadell could be an option worth considering. 

Continue reading to learn about eligibility criteria, required documents, and costs when choosing a mortgage at Sabadell. 

Interested in comparing mortgage offers to optimize your financing in Spain? Check Homevest, a digital solution tailored for cross-border mortgages.

What are the Sabadell mortgage offers for non-residents interested in buying property in Spain?

Based on data from Homevest users, Sabadell has consistently provided the most competitive offers since the start of 2024. This trend persisted into May, with Sabadell offering the best rate among all banks in Spain at 2.80%.

The mortgage terms are highly flexible, providing a wide range of options from 3 to 30 years. While they don’t have a strict property value requirement, they prefer properties with a value of at least 70,000 EUR

What are the Sabadell mortgage rates for non-residents?

Sabadell offers a variable mortgage option with a 5.43% annual percentage rate (APR), allowing for potential adjustments based on market fluctuations.

If you want to pay the same every month, a fixed mortgage is a choice worth considering. Sabadell offers a fixed mortgage option with a 3.60% nominal interest rate and a 4.08% annual percentage rate.

The mortgage rate can vary depending on the type of property you buy, its value, and how much deposit you give. Keep in mind that you have the opportunity to reduce the interest rate by 0.75% with bonus products. 

What are the eligibility requirements for a Sabadell mortgage for non-residents? 

To obtain a Sabadell mortgage while living abroad, you must fulfill several standard conditions:

  • Permanent employment 
  • Minimum 6 months employment tenure
  • Monthly net income ranging from 2000 to 2500 EUR
  • Indebtedness requirements, meaning your monthly living and loan expenses cannot exceed 40% of your monthly net income
  • A minimum 30% deposit
  • A clean credit history without any negative records

If you are self-employed, having a strong industry background with at least 2-3 years of experience is essential.

Non-residents receiving their salary in EUR, GBP, USD, CAD, CHF, DKK, NOK, SEK, PLN, AED, QAR, SAR, ILS, and MXN are considered eligible for financing at Sabadell.

What documents are required for a Sabadell mortgage in Spain? 

When you want to expand your budget for a property by accessing a Sabadell mortgage in Spain, it is important to prepare the following documents:

#1. Identification documents

  • Passport or National Identity Document
  • Foreigner Identity Number (NIE)

#2. Proof of income

  • 2 last salary slips
  • 2 last year's income statement (P60 if you’re working in the UK)
  • Bank statement for the last 6 months
  • Credit Report
  • Proof of deposit (savings or investment account)
  • Proof of other income (dividends, lease contracts if renting out property)

If you already own a property in Spain or elsewhere, you need to provide the following documentation:

  • 2 last mortgage statement
  • Lease contract
  • Land registry title (if no mortgage is left on the property)

What documents are necessary for a self-employed non-resident to apply for a Sabadell mortgage?

When applying for a Sabadell mortgage as a self-employed individual, you must provide both company and personal information, including:

  • National ID and NIE
  • Income statements for the past 2 years
  • Annual accounts for the past 2 years
  • Accountant's reference (the letter must indicate the name of the company, the sector of operation, registry details, confirmation of turnover, and corporate profit for the last 2 years, including salary, dividends, and bonuses)
  • Bank statements for the past 6 months
  • Credit report
  • Annual VAT return (P45 if you're working in the UK)

Whether you're self-employed or permanently employed, the great thing is that Sabadell accepts documents in English, French, and German without requiring translation.

Homevest digitalizes the mortgage application process in Spain for non-residents 

Homevest connects you with mortgage brokers and top Spanish banks for non-residents through one platform. You can easily track your progress and communicate efficiently with all parties involved.

Homevest assists applicants in sourcing the documents required for bank review, making the paperwork easily accessible for the broker, and the bank. This streamlined process can save you time and effort, increasing your chances of a successful mortgage application.

Explore Sandra's experience, one of Homevest's customers who successfully purchased a property in Spain from France using this platform. Sandra successfully obtained a mortgage financing from Banco Sabadell. The loan came with a competitive interest rate of 1.8% first year, followed by 1,2% + EURIBOR, and without any extra commissions or early repayment clauses.

Sabadell mortgage for non-residents: pros and cons

When it comes to obtaining a mortgage as a non-resident, Sabadell offers several advantages worth considering. One notable pro is the relatively quick and straightforward application process. Additionally, there is no need for document translations if your documents are in English, French, German, or Spanish.

Sabadell offers a variety of options, including fixed, variable and mixed rates, allowing borrowers to choose a mortgage solution that aligns with their financial goals. They also don't require a minimum threshold for the property. 

However, it's essential to be aware of a potential con: mortgage outcomes may vary since each branch operates differently. 


If you want to explore additional options available in the market, discover the best mortgages in Spain for non-residents and learn how Homevest can assist you in comparing the available mortgage offers.


Sources used and checked in May 2024:

  1. Sabadell Mortgages for non-residents
  2. Sabadell Home-buying guide

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.

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