Eligibility Criteria

What is the minimum income required for a non-resident mortgage?

Q: What is the minimum income required for a non-resident mortgage?

The minimum income required varies depending on the bank.?Generally, you can expect a minimum net monthly income requirement of ?1,500. However, some banks may have higher thresholds to determine your eligibility.For example, if your income is in a currency other than the euro, certain banks might require a minimum equivalent of ?4,000 to qualify for a mortgage.

The minimum income required varies depending on the bank.

Generally, you can expect a minimum net monthly income requirement of €1,500. However, some banks may have higher thresholds to determine your eligibility.

For example, if your income is in a currency other than the euro, certain banks might require a minimum equivalent of €4,000 to qualify for a mortgage.

Eligibility Criteria

Can I get a 100% mortgage in Spain?

It is rare for a foreigner to get a 100% mortgage in Spain. However, it is possible if a bank owns the property. In such cases, banks may offer 100% financing for th...

Eligibility Criteria

Which income currencies are accepted when getting a mortgage in Portugal?

Most Portuguese lenders are open to accepting almost all types of foreign income. The notable exception is for applicants residing in and earning income from countri...

Eligibility Criteria

Which income currencies are accepted when getting a mortgage in Spain?

If you are planning to get a mortgage in Spain, the currency in which you earn your income is an important factor for the banks. If you earn your income in EUR, you ha...