So, you’re considering buying your first home in Spain. No matter whether you’re preparing for a future investment or looking to secure a holiday home, most non-residents will require a mortgage to purchase a Spanish property. The percentage of the property value (before tax) that the bank will finance is known as loan-to-value (LTV) and all banks offer different terms. As a general guide, non-residents can borrow up to 70% of the value of the property subject to circumstances, but most lenders are comfortable with lending to a 60% LTV. As a non-resident, you’ll also have a higher interest rate and shorter repayment terms. For full residents of Spain, we’re able to achieve up to 80% for a Spanish mortgage and, dependent on your circumstances, it’s not unknown for us to secure between 90 -100% mortgages. For a rough estimate of how much you could borrow, use our Spanish mortgage calculator here!