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Yes, in 2026 Poles can buy a property in Spain with a mortgage. Spanish banks grant mortgages to non-residents: they usually finance 60–70% of the property value over a term of up to 25–30 years, with a deposit of 30–40% and documented income from Poland or the EU. With stable income and a long-term plan, such a mortgage can be a sensible and cost-effective solution.
Buying a property in Spain is, for many Poles, a plan for a second home in the sun, an investment or a way to diversify their assets. Below we explain the conditions, costs, required documents and the situations in which a mortgage makes sense and those in which it does not.
What are the terms of a mortgage in Spain in 2026?
Spanish banks have been lending to non-residents for years, including citizens of Poland. The procedures are clearly defined, and the process, with the right support, is predictable. The most common conditions:
- deposit: 30–40% of the property value,
- bank financing: 60–70%,
- loan term: up to 25–30 years,
- interest rate: fixed or variable,
- the need to document income earned in Poland or the EU.
For many clients this is a more stable model than in Poland, where lending conditions have often changed in recent years.
Fixed or variable interest rate – which to choose?
In 2026 banks in Spain offer two basic types of mortgage.
Fixed-rate mortgage
This is the option most often chosen by Poles and other foreign buyers:
- the instalment stays the same throughout the loan term,
- no risk of rising instalments when the economic situation changes,
- a greater sense of security when buying a holiday or investment property.
Variable-rate mortgage (Euribor)
The size of the instalment depends on the Euribor rate:
- the instalment is sometimes lower at the start,
- carries greater risk in the longer term,
- a solution more often chosen by people who accept market fluctuations.
In practice most Poles opt for a fixed-rate mortgage, valuing predictability.
What documents are needed for a mortgage in Spain?
Banks expect, among other things:
- a passport or ID card,
- an NIE number,
- documents confirming income (employment contract, business),
- bank statements,
- a BIK report or information on liabilities,
- the property reservation document.
Aria Spain works with experienced financial advisers in Spain who help clients assemble, translate and correctly submit their documents, without unnecessary delays. Without an NIE number it is not possible to start the mortgage procedure – we describe the details in our guide:
How do you get an NIE number in Spain?
How much does a mortgage in Spain really cost?
In addition to interest, you need to allow for the one-off costs of setting up the loan:
| Cost | The amount |
|---|---|
| Bank arrangement fee for granting the loan | 0–1% |
| AJD tax on registering the mortgage | approx. 1–1.5% |
| Property valuation | 300–500 € |
| Notary fees | according to the notary |
The Spanish banking system is transparent, and the regulations protect borrowers from hidden costs.
When does a mortgage in Spain make sense, and when not?
A mortgage is a good solution when:
- you do not want to tie up all your cash – financing lets you keep liquidity and spread the purchase over time,
- the property is to generate income – long-term or holiday rentals often cover part of the instalments,
- you are thinking of diversifying your assets – Spain, and the Costa Blanca and Costa del Sol in particular, are stable property markets,
- you have documented income in Poland or the EU – Spanish banks have no problem accepting such sources of income.
A mortgage may not be the best choice when:
- you are buying a highly competitive resale property – cash offers often win thanks to the speed of the transaction,
- you do not want to bear additional upfront costs – the mortgage process always generates some fees,
- Your income is irregular – Spanish banks prefer stability and predictability.
Mortgage in Spain or in Poland?
| Financing in Spain | Financing in Poland for a purchase in Spain |
|---|---|
| greater stability of instalments | available only at selected banks |
| a higher deposit | frequent problems with securing the loan |
| a simpler process when buying a local property | more complicated procedures |
That is why most Poles buying property in Spain choose a mortgage directly with a Spanish bank.
How does Aria Spain help with a purchase on a mortgage?
Aria Spain is not a bank, but acts as the guardian of the entire purchase process:
- we check which properties qualify for a mortgage – not every development meets the banks' requirements,
- we help you obtain an NIE number – without it the mortgage procedure cannot be started,
- we put you in touch with reliable mortgage advisers – the client has a clear picture of the available financing options,
- we coordinate documents and formalities – the process runs smoothly and without unnecessary corrections,
- we accompany you up to and after the signing of the notarial deed – the client is never left on their own at any stage.
You do not need to know Spanish law or the language – we guide the client step by step, from the first conversation, through choosing a property, all the way to collecting the keys.
Is it worth buying a property in Spain with a mortgage in 2026?
For many Poles the answer is yes. A mortgage in Spain in 2026 means:
- predictable instalments,
- a stable banking system,
- the possibility of buying without tying up all your cash,
- access to higher-standard properties,
- secure diversification of assets.
If you are planning a long-term purchase and have a stable income, a mortgage in Spain can be a sensible and cost-effective solution.
Frequently asked questions
What deposit is needed for a mortgage in Spain?
Most often 30–40% of the property value. The bank usually finances 60–70%, and the loan term is up to 25–30 years.
Does a Spanish bank accept income earned in Poland?
Yes. Spanish banks accept documented income from Poland or the EU, for example from an employment contract or a business, but they prefer stable and regular income.
What are the additional costs of a mortgage in Spain?
Bank fee 0–1%, AJD tax on registering the mortgage approx. 1–1.5%, property valuation €300–500 and notary fees.
Is it better to take a mortgage in Spain or in Poland?
Most Poles choose a mortgage with a Spanish bank. In Poland only selected banks offer such a loan, and the procedures and security requirements can be more complicated.
Is an NIE number needed for a mortgage in Spain?
Yes. An NIE number is one of the required documents, and without it the mortgage procedure cannot be started.
Aria Spain, a licensed agency (RAICV no. 4123) selling new-build properties on the Costa Blanca, Costa Cálida and Costa del Sol with no commission for the buyer, helps in English with the NIE number, bank account, mortgage and the notary. Check your financing options at a free consultation.
