Currently around half of European buyers who purchase a property in Spain take out a mortgage through one of the Spanish banks. The rates offered by Spanish banks, tend to be very competitive when compared to other borrowing options
such as a re-mortgage, equity release or personal loan in the home country.
As rule of thumb, the banks in Spain will lend up to 70% of the purchase price. This lending is, of course, subject to a number of factors including the borrowers age, income, credit history, current financial commitments and the valuation of
the property they wish to purchase.