SPAIN MORTGAGE FOR NON-RESIDENT FOREIGNER SPAIN LOAN FOR FOREIGNER EXPATRIATES
In Spain, a loan for foreigner that are non-resident or also expatriate in the Spanish territory is by definition a financing facility (mortgage, personal loan) granted by Spanish financial institutions and Spanish lenders to a foreign loan applicant who does not have Spanish nationality and who applies for funding.
In Spain, a mortgage for non-resident foreigners aims to fund a Spanish property acquisition for an non-Spanish loan applicant (non-resident or expatriate) who relies on Spanish banks to finance a house or a flat.
In Spain, a loan for foreigners, residents and non-residents, particularly regarding a home loan or mortgage follows some prudential rules from the Spanish lenders who ask for a minimum down-payment for 30% from any future foreign property owner.
A Spanish financing facility for a foreigner with our without residency in the country, is subject to a credit assessment by any Spanish lender who will look essentially after the ability of a foreign borrower to meet his or her financial obligations in repaying the debts.