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Balearic Islands

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Marbella

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Madrid

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Barcelona

Spanish Mortgages

Foreign investors are drawn to luxury properties in Spain, captivated by the allure of a high quality of life complemented by year-round sunshine and a rich array of amenities that cater to an international community.

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Spanish Mortgages

Foreign investors are drawn to luxury properties in Spain, captivated by the allure of a high quality of life complemented by year-round sunshine and a rich array of amenities that cater to an international community.

Get in touch

Mortgages in Spain

KNOWLEDGE AND EXPERTISE

We have established ourselves as a prominent mortgage brokerage in Europe, with a specific emphasis on prime lending locations in Spain.

Fortier boasts a reliable network of 30 domestic and international banks, ensuring comprehensive financial solutions for every funding requirement.

Our approach is highly personalised and tailored to the international market. We leverage our extensive network of expertise to gain a thorough understanding of your unique situation, strategically positioning your project with our curated list of lenders.

MORTGAGE GUIDANCE
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How we can help

Retail Banks

MORTGAGE RANGE: €1,000,000 – €5,000,000

Most domestic banks in Spain provide capital and interest mortgages only.

Loan to value (LTV).

  • Up to 80% LTV for Spanish expatriates (not in US or UAE).
  • Up to 70% LTV for European & Schengen Countries.
  • Up to 60% LTV for US residents (best case scenario).
  • Up to 50% LTV for UAE & other territories.

Duration of mortgage facility.

  • Amortisation periods range from 15 to 30 years, allowing borrowers flexibility in choosing a repayment period that aligns with their financial goals.

*Interest only solutions available subject to placing assets with lender for the duration of loan period.

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Mortgage Guidance

Key Considerations

Affordability
Affordability is assessed with a stringent examination of the borrower’s income, financial stability, and credit history.
Proof of income
Proof of income over a 3-year period (average net income)
Holding structure of property
Holding structure of property – personal name or SPV (discuss with broker)
Age of borrower
Age of borrower – not suitable for borrower(s) over 65 years or retired.
Mortgage insurance
Mortgage insurance will be required from most lenders and should be considered when comparing each mortgage offer (discuss with broker for a quote).
Currency exchange
Currency exchange fluctuations can impact your repayments and will be considered by the lender. The credit department will discount the inter-bank exchange rate by a set % percentage upon mortgage application (discuss with broker for each currency).

Private Banks

Mortgage range: €2,000,000 +

Domestic and European private banks push the boundaries of conventional banks and provide alternative solutions based upon the borrower(s)

  • 100% LTV
  • Interest only
  • 5 to 10-year term
  • Assets Under Management (AUM) required by lender to support loan facility.

Hybrid mortgage / BTL mortgage

  • 100% LTV
  • 65% interest only
  • 35% amortisation
  • 20-year term
  • Assets Under Management (AUM) required by lender to support loan facility.
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Mortgage Guidance

Key Considerations

Interest only
Interest only options for high-net-worth borrowers with a clear repayment strategy.
Mortgage capacity
Mortgage capacity suitable for entrepreneurs with a ‘complex’ income or variety of income sources.
Family office
Family office services available to support generational wealth and estate planning.
Wealth management
Wealth management services includes investment advice, portfolio management, and specialised financial products that may not be available to the general public.
Banking fees
Banking fees are typically higher than traditional banks.
Mortgage insurance
Mortgage insurance is not typically required for a mortgage solution but should be considered (discuss with broker).
Privacy and confidentiality
Privacy and confidentiality prioritised with a discreet and secure environment for managing financial affairs.

Alternative Bank

Bridging & Development

Mortgage rangee: €750,000 +

  • SPV holding stucture only.
  • Up to 70% LTV.
  • Up to 60% LTC.
  • Up to 36 month term.
  • Rate: 0,85% per month.
  • Arrangement fee: 2% of loan facility.
  • Exit Fee: negotiable with fund.

*indicative solution and subject to full KYC, DD, experience and independent valuation report.

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Mortgage Guidance

Key Considerations

Holding structure
Holding structure of property in a Spanish limited company (SL) or consideration of UK SPV)
Experienced borrowers
Experienced borrowers accepted by lender with a clear repayment strategy
Stress test
Stress test is flexible compared to a conventional bank
HNW individuals
HNW individuals with other hard / liquid assets favourable.
Notary fees
Notary fees to be considered by borrower(s)
Exit strategy
Exit strategy of investment with lender and consideration of Spanish taxes (CGT)

Explore Spain

Balearic Islands

Marbella

Madrid

Barcelona

Market Trend

Jet setters are now redirecting their attention from iconic bucket list cities such as Paris, Milan, London, and New York to the enchanting beaches and breathtaking sunsets of southern Spain, including the renowned ‘white island’ of Ibiza.

The real estate market in these sought-after destinations has experienced a significant surge, fueled by an influx of buyers from various nationalities, including the French, Dutch, British, German, Swiss, and an increasing number of Americans.

Fortier has observed a rising trend among high-net-worth individuals, who are opting for extended vacation periods, a shift attributed to the emergence of remote work opportunities, a renewed focus on lifestyle, and overall well-being following the global health pandemic.

Remarkably, the pandemic has had an unexpectedly positive impact on the private jet sector in the Balearic Islands, with 2022 marking a record year, as reported by Diario de Ibiza. The enhanced infrastructure and newly added facilities at the airport since 2019 are poised to further enhance the travel mobility and long-term allure of the island for affluent individuals