Digimort is a mortgage service that helps you find the best mortgage, tailored to your needs.
By combining technology with the expertise of our mortgage professionals we negotiate directly with banks, and create a solution that secures the right mortgage simple, transparent, and reliable.
First, Assess Your Situation: Know your savings, income, and debts before deciding what type of mortgage you need.
With Digimort: Contact us, and a dedicated expert will guide you from start to finish, applying to multiple banks and helping you compare and negotiate the best options.
Yes, you can—but it’s important to understand what “non-resident” means for mortgage purposes.
A non-resident is someone who does not have tax residency in Spain, meaning:
-They spend less than 183 days per year in the country, and
There are specific conditions and requirements to consider:
-Financing: Most Spanish banks offer up to 60–70% of the property’s value for non-residents (compared to up to 80% for residents).You’ll need to contribute 30–40% as a down payment, plus cover taxes like the Property Transfer Tax (ITP), which rangesfrom 6% to 10%, depending on the region.
-Documentation: You’ll need to provide your passport or NIE, proof of income (payslips or tax returns), and recent bank statements.
-Income source: Banks require proof of financial stability and sufficient income to support mortgage repayments.
-Interest rates: Terms may be stricter, and interest rates may be slightly higher than those offered to residents.
-Currency risk: If your income is in a foreign currency, banks may apply extra conditions to account for exchange rate risk.
-Country restrictions: Some banks may limit mortgage approvals based on your country of residence, especially if it's considered high-risk or subject to international restrictions.
In summary, non-residents can get a mortgage in Spain, but the requirements are more demanding. Comparing offers and working with specialized advisors can help you find the best deal.