If you’re worried about not being able to secure a Spanish mortgage as a foreigner, you needn’t worry too much. As long as you have the relevant paperwork in order and can prove your financial status, you’re likely to receive an agreeable quote. To help you prepare for a Spanish mortgage application and set your mind at rest, here are some of the reasons that a Spanish mortgage provider might reject an application: Overdrafts – Your bank accounts in your home country are often overdrawn Incomplete credit check – You can’t provide a credit report from your home country, or you’re missing other financial records like payslips and tax declarations Borrowed funds – Your deposit funds come from a company or released equity elsewhere (European banks advocate responsible lending) Not enough funds after purchase – You have just enough money to buy the property, but no proof of future funds to cover mortgage repayments Lack of insurance – You can’t get life insurance or property insurance, or have very high premiums due to pre-existing medical conditions Though it may seem a bit personal, Spanish banks can also refuse a mortgage if they don’t like the property or the developer. Some properties may not be worth the investment to them. In some cases, they may have already approved mortgages within a development, and reached their limit. For an assessment of your financial position and advice on whether you could get a respectable Spanish mortgage offer, please get in touch with Fluent Finance Abroad.