What rates non-resident buyers are seeing now
There is no single official “non-resident rate”, as lenders assess each case individually. However, current market offers give a useful benchmark:
CaixaBank (fixed): from 2.85% TIN with bonification or 3.85% without
Sabadell (variable): 1.50% first year + Euribor +0.50% (with bonification) or 2.50% + Euribor +1.50% (without)
Sabadell (mixed):
2.10% fixed (5 years) → Euribor +1.00%
2.45% fixed (7 years) → Euribor +1.30%
These are resident-facing offers, so non-residents should treat them as reference points, not guaranteed rates.
In practice, real non-resident deals (March 2026 data) show:
Fixed rates: from ~2.65%, typically 2.8% to 3.5%
Mixed mortgages: around 2.5% to 2.8% during the fixed period
Variable mortgages: roughly Euribor +1.25% to +2.0%
Current LTV limits for non-residents in Spain
Loan-to-value is where non-residents feel the biggest difference. Bankinter states that for foreigners and non-residents the maximum loan is 70% of the purchase price, versus 80% for domestic buyers. It also says the applicant’s total debt burden should not exceed 35% of regular income, and that repayment terms are usually between 20 and 30 years.
At the same time, Bankinter’s standard mortgage product pages state a maximum of 80% for a main home and 60% for a second home, using the lower of the purchase price or valuation. This matters because many non-resident purchases are treated in practice more like second-home lending from a bank risk perspective, even when the borrower intends to use the property frequently.
If you are still planning your budget, it is worth reviewing the full costs of buying property in Spain, including taxes and fees, before confirming your financing strategy.
The range most buyers should plan around
In 2026, the most reliable planning assumption for non-resident buyers is still 60% to 70% LTV. That means you should usually expect to fund 30% to 40% of the purchase price yourself, plus taxes and buying costs.
For conservative cases, banks may stay closer to 60%. That is especially common where the property is classified as a second residence, the borrower is older, income is variable, or the profile involves non-euro income and a more complex tax position. For exceptionally strong profiles, some buyers may still see 70%, but that is better treated as the top end rather than the default.
What banks assess before approving a mortgage
The deposit is only one part of the decision. Spanish lenders also focus on repayment strength. Total indebtedness should generally stay within 35% of habitual income, which is one of the clearest public indicators of how affordability is assessed.
Banks will also compare the agreed purchase price with the official valuation and lend against the lower of the two. That can catch out international buyers in competitive markets, because offering above asking price does not increase the bank’s base for lending.
For a more detailed breakdown of how Spanish lenders assess foreign applicants in practice, you can also listen to our interview with a senior mortgage adviser on Homely Property Chats.
Key documents and profile factors
For non-residents, lenders usually want proof of identity, NIE, tax returns, payslips or company accounts, bank statements, credit commitments, and evidence of the source of funds for the deposit. Stable salaried income is usually the easiest profile. Self-employed applicants and those paid in non-euro currencies can still be financed, but the file often needs stronger documentation and sometimes a larger equity contribution. This aligns with the broader financing picture described in the uploaded market guide, which notes that Spanish banks have built underwriting processes for international clients but still apply practical risk filters.
Another point worth flagging is linked products. Many of the best public rates in 2026 depend on bonification. Sabadell and CaixaBank both show sizeable differences between bonified and non-bonified pricing. Buyers should therefore compare the all-in cost, not just the interest rate, because insurance or other linked services can change the true cost of borrowing.
Conclusion
Spanish mortgages for non-residents remain very much available in 2026, but the market rewards strong profiles and realistic budgeting. The current backdrop is more borrower-friendly than it was at the height of the rate cycle, with Banco de España’s official benchmarks lower and major lenders publishing cheaper fixed, mixed and variable pricing. Even so, non-resident buyers should still plan conservatively. In most cases, that means expecting rates broadly around the high-2% to mid-3% range depending on structure and profile, and LTV limits usually around 60% to 70%, not 80%. For anyone buying property in Valencia or elsewhere in Spain, the best approach is to treat headline rates as a reference point, prepare documents early, and budget for the bank to lend against the lower of purchase price and valuation.
If you’re considering property investment in Valencia and want personalised guidance, get in touch with our team.