How high should the income be for real estate financing in Spain?

Depending on the price of the property. In Spain, the rule is that the person's financial obligations (e.g. other mortgages, loans, maintenance payments, etc.), including the new mortgage, cannot exceed 35% of their net monthly income.

How high should the equity be for real estate financing in Spain or Portugal?

30% of the purchase price must be contributed as equity, as well as approx. 10-12% taxes and fees (depending on the region and the type of property). For registered residents, 20% of the purchase price may also apply.

What is the maximum percentage of the purchase price that can be financed for a property in Spain or Portugal?

As a rule, a maximum of 70% can be financed. In exceptions for residents, up to 80% of the purchase price.

Which properties can be financed in Spain or Portugal?

Any property (single-family house, two-family house, terraced house, semi-detached house, condominium) that has the necessary documents for financing. Land cannot be financed and there may also be restrictions on farms if they are located in very rural areas .

What are the interest rates for real estate financing in Spain or Portugal?

This is very individual for each project. After your inquiry, we will determine and provide you with the best conditions for your project.

Which banks are currently available to choose from for a financing project in Spain or Portugal?

Appropriate financing offers can be identified and provided to you by over 15 credit institutions. These include, among others, Santander, CaixaBank, Sasbadell, bankinter, UCI, Unicaja Banco, Grupo Caja Rural, Kutxabank, cajasur, iberCaja and Targobank.

What documents are required when purchasing and financing a Spanish or Portuguese property?

Here it is important to differentiate between the property and creditworthiness documents. The property documents usually include: Land register extract (Nota Simple / Certidão do Registo Predial), reservation agreement / declaration of intent to purchase, exposé, property images, living area calculation, building description Personal credit records include: Depending on your professional status, situation of assets and liabilities You will find out the exact documentation requirements for your project during the application process.

How long does it take to implement financing with a bank in Spain or Portugal?

This is very different and depends on various factors. As long as all precautions have been taken, the actual application and approval process can be implemented in a relatively short time. However, you should plan 5-8 weeks for the entire process.

How is the loan agreement signed with the Spanish or Portuguese bank?

That depends on the bank. Some banks accept digital signatures, the final signature at the notary usually requires physical presence. At some banks, presence is required several times. We recommend that our clients hire a local lawyer appoint a person who has a power of attorney and can sign everything on behalf of the client.

Which languages are available for advice on my financing project in Spain/Portugal?

English, Swedish, French, Dutch, Italian, German, Russian, Portuguese

Which partner does Finanzmakler.online work with for financing solutions in Spain or Portugal?

We have been working with Habeno since 2023. Habeno has positioned itself as a loan broker/mortgage broker that provides solutions to foreign buyers interested in buying and financing by establishing active collaborations with regional banks.

Financing solutions for Spain and Portugal

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Financing foreign property

Inquire about financing solutions online

Regardless of whether your dream property is in Mallorca, Ibiza, Madrid, Barcelona, Valencia, Seville, Lisbon, Porto or another city in Spain or Portugal - it is often a good idea to use a regional bank to purchase and finance a property abroad find. By submitting an inquiry to us, we can immediately assess which credit institution is suitable for your project and actively support you with our partners in implementing a financing solution.

Financing a new property

Whether it's a holiday residence or a permanent residence - you can get up to 70% of the property value as a loan from Spanish or Portuguese credit institutions. For registered residents, a loan of up to 80% is even possible.

At least €30,000.00 in loans must be taken out or financed.

As a rule, a loan taken out should be repaid by the age of 70. The maximum loan term from Spanish credit institutions is 25 years.

Find follow-up financing or refinance

Is your existing financing about to expire or do you want to refinance and refinance the remaining debt on more favorable terms? No problem if you have regularly repaid your loan with its financing installments, have a stable income and your creditworthiness is otherwise good.

Raising capital for a property

Would you like to go through a so-called capital raising, where your existing property is mortgaged and you get a new loan paid out? As a rule, this is possible if your property can be borrowed against up to 70%. It should be possible to specify a financing purpose and it should be at least €30,000.00.

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Get a top financing offer

In close cooperation with our cooperation partners for financing solutions in Spain and Portugal, we will present you with suitable financing offers as quickly as possible. You don't need to go through the hassle of contacting many different credit institutions. We will provide you with a financing advisor who will help you achieve your purchase and financing project.

questions and answers

Here it is important to differentiate between the property and creditworthiness documents.

The property documents usually include:

Extract from the land register (Nota Simple / Certidão do Registo Predial), reservation agreement / declaration of intent to purchase, exposé, property images, calculation of living space, building description

Personal credit records include:

Depending on your professional status, situation of assets and liabilities

You will find out the exact documentation requirements for your project during the application process.

Ø 3 minutes for your request