There are more and more people interested in purchasing a home in Spain. However, many of them do not have residence in our country, either because they are foreigners or because they are Spanish citizens who have left the country to live abroad.
If are Spanish and have the Spanish nationality, but you are live abroad, and therefore, paying taxes in a different country, you will not be able to apply for a traditional mortgage loan. You must apply for a non-resident mortgage.
Let’s analyze the different types of loans you can consider and what requirements are needed to access them.
A non-resident citizen is someone who has not stayed in Spain for more than 183 days during a calendar year and who does not have his or her tax residence in Spain. Thus, all non-residents must apply for this type of mortgage; the rest will be eligible for a traditional mortgage.
Foreigners who pay taxes in Spain will be able to acquire a normal mortgage. Therefore, mortgages for non-residents do not depend on the nationality of the person applying for them, but on where they pay their taxes.
Mortgage requirements for non-residents are far more strict than for residents.
See below for additional information.
There are some of the documents you will need to submit (translated to Spanish in most cases) if you apply for a non-resident mortgage in Spain:
Our legal professional team will be more than happy to help solve your questions and guide you through this process if you wish to acquire a home in Spain.