Independent mortgage broker · Málaga & Costa del Sol
Get a Mortgage in Spain as a Foreigner — Without the Bank Runaround.
We are independent, registered credit intermediaries specialising in non-resident buyers. We take your case to multiple Spanish banks, negotiate the terms, and handle everything in English. You pay us nothing — the lender pays our commission on completion — and there is no obligation at any point.
- Independent, not tied to one bank
- Multiple banks compared
- Everything in English
- No fee to you
If you are looking for a non-resident mortgage in Spain — whether you are buying in Marbella, Estepona, Fuengirola or Málaga city — the terms you are offered depend heavily on which bank sees your file and how it is presented. That is the part we do for you.
Free mortgage assessment
Tell us where you stand and we will come back to you with what is realistically available, usually within one working day.
Thank you — we have your details.
We will review your profile and come back to you, usually within one working day. If it is urgent, email hello@malagamortgage.com.
How it works
Three steps to a mortgage offer in Spain
No bank queues, no paperwork in Spanish, no guessing which lender will say yes.
Submit your details
Six questions, about a minute. Budget, deposit and nationality are what determine your options, so that is all we ask at this stage.
We take your case to multiple banks
We assess your profile, identify the lenders most likely to approve it, and present your file to them properly — which is often the difference between a yes and a no.
Compare real offers, no obligation
You receive the actual terms side by side — rate, LTV, fees, conditions — explained in English. Proceed only if one of them works for you.
Why use a broker
Why foreign buyers use a mortgage broker on the Costa del Sol
Spanish banks treat non-resident applications very differently from local ones. Knowing which door to knock on matters more than most buyers expect.
Independent, not tied to one bank
We are not employed by a lender and we do not sell one bank's product. We look across the market and recommend what actually fits your file.
Non-resident LTV limits, explained properly
Spanish banks typically lend around 60–70% of value to non-residents, against roughly 80% for residents. In practice that means a 30–40% deposit plus about 10–14% in taxes and purchase costs. Knowing your real number early avoids losing a deposit later.
No Spanish required
Every conversation, document and offer is explained in English. You will never be handed a Spanish contract and asked to sign it on trust.
Local Costa del Sol focus
Málaga, Marbella, Estepona, Mijas, Fuengirola, Benalmádena. We know which branches understand foreign income and which valuers the local banks actually use.
No fee to you — the lender pays us
You pay us nothing, at any stage. We are paid a commission by the bank when your mortgage completes, disclosed to you in writing beforehand. If the numbers do not work, we will tell you that plainly rather than push you into a product.
One file, submitted once
Prepare your documents a single time. We handle the submissions, the chasing and the bank back-and-forth so you are not repeating yourself to four institutions.
Deposit & costs
What you need up front to buy in Andalucía
Two numbers decide whether a purchase is viable: how much a Spanish bank will lend against the property, and how much cash you need on top of the deposit to cover tax and fees. Neither is negotiable at the last minute, so it is worth knowing both before you reserve anything.
How much Spanish banks lend
| Applicant | Typical max LTV | Deposit needed |
|---|---|---|
| Spanish tax resident | Up to 80% | From 20% |
| Non-resident, straightforward employed income | 60–70% | 30–40% |
| Non-resident, self-employed or complex income | 50–60% | 40–50% |
If the bank values the property below the agreed price, the percentage is applied to the lower figure and you make up the difference in cash. This is the single most common reason a purchase falls through late.
Purchase costs in Andalucía
| Cost | Resale property | New build |
|---|---|---|
| Transfer tax (ITP) | 7% of price | — |
| VAT (IVA) | — | 10% of price |
| Stamp duty (AJD) | — | 1.2% |
| Notary | 0.1–0.5% | 0.1–0.5% |
| Land registry | 0.1–0.25% | 0.1–0.25% |
| Legal fees | ~1% + VAT | ~1% + VAT |
| Mortgage valuation | €300–600 | €300–600 |
| Budget in total | ~9–11% | ~12–14% |
Since the 2019 mortgage law, the lender pays the stamp duty and most of the notary and registry costs on the mortgage deed itself; the figures above are the costs of the purchase. Rates are those applying in Andalucía at the time of writing — confirm your exact position with us and your lawyer before committing.
Coverage
Mortgage broker services across Málaga and Andalucía
We are based on the Costa del Sol and arrange non-resident mortgages throughout all eight Andalucían provinces. Lending policy is national, but valuers, branch appetite and the property types that banks are comfortable with vary a good deal by area.
Málaga & the Costa del Sol
Our home market and the most active for foreign buyers in Spain. Banks here see non-resident files daily, which generally means faster decisions — though new-build and off-plan purchases in the western resorts bring their own conditions around developer guarantees and staged drawdown.
Málaga · Marbella · Estepona · Mijas · Fuengirola · Benalmádena · Torremolinos · Nerja · Manilva · Casares
Marbella · Estepona · Málaga city · Fuengirola & Mijas · Benalmádena & Torremolinos · Benahavís · Manilva & Casares · Nerja & the Axarquía
Cádiz & Campo de Gibraltar
Sotogrande and the Costa de la Luz attract higher-value and often more unusual properties — large plots, equestrian, rural land — where the valuation matters more than usual and not every lender will engage.
Sotogrande · San Roque · Tarifa · Vejer de la Frontera · Cádiz · Jerez de la Frontera
Granada & Almería
The Costa Tropical and Almería coast sit at lower price points, which can push a purchase below some banks' minimum loan size. Knowing which lenders will write a smaller mortgage matters more here than anywhere else in the region.
Granada · Almuñécar · Salobreña · Motril · Almería · Mojácar · Vera
Seville, Córdoba, Huelva & Jaén
Inland Andalucía and the Huelva coast: more city apartments and village houses, fewer non-resident applications, and valuers with less comparable foreign-buyer evidence to draw on. Presentation of the file counts for a lot.
Seville · Córdoba · Huelva · Ayamonte · Isla Cristina · Jaén · Úbeda
Buying elsewhere in Spain? Ask anyway — we can usually help, or point you to someone who can.
Mortgage guides
Plain explanations of the parts of a Spanish mortgage that catch non-resident buyers out. If you are starting from scratch, read the complete guide — it covers the whole process in the order it actually happens.
Reference
Two pages that answer things directly, without the reading.
Guides by nationality
What your bank will ask for, and what changes, depending on where you are coming from.
FAQ
Non-resident mortgages in Spain: common questions
Can foreigners get a mortgage in Spain?
Yes. Spanish banks lend to non-residents routinely, including buyers from the UK, Germany, the Netherlands, Scandinavia and the United States, and you do not need to live in Spain or hold an EU passport. The terms differ from those offered to residents — principally a lower loan-to-value and a slightly higher rate — and each bank applies its own policy on foreign income, so the same applicant can be declined by one lender and approved by another.
How much deposit do I need as a non-resident?
Plan for 30–40% of the purchase price. Spanish banks generally lend 60–70% of the valuation to non-residents, compared with around 80% for residents, and the valuation rather than the price is what the percentage is applied to.
On top of the deposit you need roughly 10–14% for transfer tax or VAT, notary, land registry and legal fees. A €300,000 purchase therefore usually needs somewhere between €120,000 and €160,000 in available cash.
Does this service cost anything?
Your initial assessment is free and places you under no obligation. We will tell you what is realistically available before you commit to anything.
You pay us nothing at any stage. We are remunerated by the lender: when your mortgage completes, the bank pays us a commission. Nothing is added to your rate or your costs to cover it, and there is no broker fee, arrangement fee or retainer payable by you.
Because we are independent and not tied to any lender, we are required to disclose the amount and basis of that commission to you in writing before you are bound by anything. If you would rather see it earlier, ask and we will tell you.
What documents do I need?
For a standard employed applicant: passport, NIE (Spanish foreign national identity number — we can guide you through obtaining one), last three months' payslips, last two years' tax returns or P60 equivalents, six months of bank statements, an employment reference, and a credit report from your home country.
If you are self-employed or a company director, banks will also want two to three years of business accounts. Nothing needs to be translated at the enquiry stage.
Do I need an NIE before I apply?
You do not need one to start. We can assess your profile and approach lenders on the strength of your documents alone.
You will need an NIE before you can complete — it is required to open a Spanish bank account, sign at the notary and pay the purchase tax. Apply for it early; it is a straightforward process through a Spanish consulate or a police station in Spain, but waiting times vary and a missing NIE is the most common cause of a delayed completion.
How long does the process take?
From complete documentation to a binding offer is typically four to eight weeks. An initial indication of what you can borrow takes a day or two; the bank's valuation adds one to two weeks; underwriting is usually two to four weeks after that.
The most common cause of delay is a missing NIE or incomplete paperwork, which is why we front-load the document list rather than discovering gaps at underwriting.
Brexit, fixed versus variable rates, self-employment, off-plan purchases, insurance, age limits and remortgaging all have their own guide. Read all nineteen guides →, or see the full FAQ with 72 questions.
Free assessment
Find out what you can actually borrow
One short form. We will tell you which banks are likely to lend to you, at what loan-to-value, and what it will cost — before you commit to a property or pay a reservation deposit.
Start your enquiry
Takes about a minute. No obligation.
Thank you — we have your details.
We will review your profile and come back to you, usually within one working day.