Mortgages for holiday homes in Spain

You can finance a Spanish holiday home with a non-resident mortgage of typically 60–70% of the property value over up to 25 years. What changes most is your own maths: running costs, usage, and whether you'll rent it out.

The mortgage part (the easy bit)

If you live abroad, you're a non-resident buyer: 60–70% loan-to-value, standard income rules — your mortgage at home counts inside the 30–35% affordability cap, so the bank is really asking: can you comfortably run two homes? Show that, and approval is routine. See the full non-resident guide.

The honest annual budget

Beyond the mortgage, a typical two-bed coastal apartment costs €2,500–€4,500 a year to own: IBI property tax, community fees, insurance, utilities standing charges, and the small non-resident tax that applies even if the property sits empty. A villa with a pool: budget more. Full breakdown on the costs page.

Renting it out when you're not there

Your mortgage usually allows letting — banks mainly want to know. Short-term tourist rental needs a licence, and rules vary wildly by region: much of the Valencian Community is workable; Barcelona and the Balearics are heavily restricted. Check before you buy, not after.

Banks won't count projected holiday income when calculating what you can borrow. Your salary carries the loan; the rental is upside.