Mortgage for foreigners on the Costa Blanca: requirements, banks, and steps in 2026

Getting a mortgage for foreigners on the Costa Blanca isn’t impossible —it’s different—. The rules are clear, the lenders are specific, and the paperwork is predictable.

Which banks offer mortgages to non-residents in Spain?

Most deals are concentrated in four institutions:

• Banco Sabadell. It accounts for roughly half of all mortgages granted to non-residents. It has branches in Moraira, Calpe, Jávea and Dénia.
• CaixaBank. Second by volume. Its HolaBank service is designed for international clients.
• UCI (Unión de Créditos Inmobiliarios). It operates via mortgage brokers.
• Banco Santander and BBVA. More restrictive terms. BBVA lends up to 60%.

What percentage do they finance, and how much do you need as a down payment?

For non-residents: maximum financing of 60%–70%. Minimum down payment of 30%–40%. Plus additional costs and taxes of 10%–14%. For a 350,000 € home in Moraira, you need between 150,000 € and 190,000 € in total cash.

Requirements and documentation

Personal documentation: passport, NIE, proof of civil status. Financial documentation: tax returns, bank statements, employment contract. Property documentation: reservation/earnest money contract, title extract (nota simple), habitable property certificate (cédula de habitabilidad), energy certificate, IBI.

The NIE: what it is and how to get it

The NIE is a mandatory tax identification number to buy in Spain. You can get it in person at the police station (on the day) or from your home country via the consulate (2–4 weeks). Fee: ~€10.

Interest rates in 2026

Euribor at 2.8%. Fixed-rate mortgage: 3.2%–4.5%. Variable: Euribor + 0.80%–1.99%. Mixed: ~3.5% fixed for the first few years. The mixed product is the top choice in 2026.

Additional costs

Resale: ITP 10% + notary fees + land registry + gestoría = an additional 10%–14%. New build: VAT 10% + AJD 1.5%.

Step-by-step process

1. Get the NIE (week -2 to 0)
2. Open a bank account in Spain (week 1)
3. Sign the reservation/earnest money contract (week 2–3)
4. Apply for the mortgage (week 3–4)
5. Wait for approval (weeks 5–10)
6. Sign in front of a notary (weeks 10–12)

Total process: 8–12 weeks.

At Cuñat Weber, we’ve been helping international buyers in Moraira since 1989. Contact us for tailored advice on your mortgage on the Costa Blanca.