Second Home Mortgages in Spain
Are you planning to buy a second home in Spain? Whether you are looking for a holiday apartment in Barcelona, a villa on the Costa del Sol or a property in Madrid, securing the right mortgage is an essential part of your purchase.
At LG Finance, we help Spanish residents and international buyers find mortgage solutions adapted to their financial circumstances, property plans and long-term objectives.
Can You Get a Mortgage for a Second Home in Spain?
Yes. Spanish banks can offer mortgages for second homes, including holiday properties and residences used for part of the year. However, lending conditions may differ from those applicable to a primary residence.
The amount available depends on several factors, including your country of residence, income, existing financial commitments, the property’s valuation and the lending institution’s criteria.
How Much Can You Borrow for a Second Home?
Mortgage financing for a second home is assessed individually. Non-resident buyers may generally obtain financing of up to approximately 70% of the lower of the purchase price or property valuation, depending on their profile and the bank.
For Spanish tax residents purchasing an additional property, financing may also be more restrictive than for a primary residence.
Buyers must also plan for the deposit, purchase taxes and associated transaction costs.
Mortgage Requirements for Second Home Buyers
When reviewing a second home mortgage application, lenders generally consider:
- Stable and verifiable income.
- Employment status or business activity.
- Existing mortgages, loans and financial obligations.
- Available savings and personal contribution.
- Credit history and financial documentation.
- The property’s location, characteristics and valuation.
International buyers may need to provide additional documentation from their country of residence.
Financing a Holiday Home or Vacation Property
Spain attracts buyers looking for a second residence for holidays, family visits or extended stays. Popular destinations include Barcelona, Madrid, the Costa Brava, Marbella and the Costa del Sol.
At LG Finance, we analyse your situation and help identify mortgage solutions suited to the intended use of the property, whether you live in Spain or abroad.
If you also plan to rent out the property, the bank may assess the application differently, particularly when the purchase is primarily intended as an investment.
Why Choose LG Finance for Your Second Home Mortgage?
With more than 22 years of experience in mortgage financing, LG Finance provides personalised support throughout the financing process.
- Individual analysis of your financial profile and purchasing project.
- Access to mortgage solutions through our banking partners.
- Assistance with the preparation and presentation of your application.
- Support during the mortgage approval and property purchase process.
- Advice tailored to residents and international buyers.
Our objective is to help you approach your second home purchase with clarity, confidence and appropriate financing.
Apply for Your Second Home Mortgage in Spain
Are you considering buying a second home in Spain? Contact LG Finance to discuss your project and explore the financing options available for your profile.
We accompany buyers throughout Spain, with a particular focus on Barcelona, Madrid, Marbella and the Costa del Sol.