Looking to buy a property in Alicante or Valencia but need financing? You’re not alone. The Costa Blanca region is one of the most popular areas for foreign buyers in Spain, and most non-residents rely on a Spanish mortgage to make the purchase.
This guide will walk you through how to get a mortgage in Costa Blanca, from what banks to contact, how much you can borrow, what documents you need, and how to avoid common pitfalls.
📍 Why Costa Blanca and Valencia Are Mortgage Hotspots
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🌞 300+ days of sunshine per year
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🏡 Affordable coastal properties compared to Marbella or Barcelona
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✈️ Excellent airport connections (Alicante & Valencia)
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🌍 Strong expat presence (British, Dutch, German, Nordic)
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🏘️ Popular areas: Jávea, Altea, Denia, Moraira, Orihuela Costa, Valencia City
🏦 Can Foreigners Get a Mortgage in Costa Blanca?
Yes. Non-residents can apply for a mortgage with Spanish banks. Most banks in Alicante and Valencia actively serve international clients and offer bilingual services.
💰 Typical Mortgage Terms in Costa Blanca
| Condition | Typical Range |
|---|---|
| Loan-to-Value (LTV) | 60–70% of purchase price |
| Down Payment | 30–40% from buyer |
| Mortgage Term | Up to 25–30 years |
| Interest Rate | Fixed: 3.5–4.5%, Variable: Euribor + 1.5–2% |
| Debt-to-Income Ratio | Max 35% monthly gross income |
📌 Note: Some banks offer slightly better terms for EU nationals or retirees with stable pensions.
🧾 Documents You Need
To apply for a mortgage in Alicante or Valencia, gather the following:
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Passport
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Spanish NIE (Número de Identidad de Extranjero)
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Proof of income (payslips or pension documents)
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Bank statements (3–6 months)
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Tax returns (last 1–2 years)
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Credit report from your home country
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Proof of funds for deposit and fees
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Property information (if already selected)
📌 All foreign documents must be translated into Spanish and legalized (apostille).
🏦 Best Banks in Costa Blanca for Foreign Mortgages
| Bank | Why It’s a Good Choice |
|---|---|
| Sabadell | Strong presence in Alicante & Valencia; expat-focused team |
| CaixaBank | English-speaking mortgage advisers, digital pre-approval |
| Bankinter | Good for freelancers and self-employed buyers |
| Cajamar | Regional bank with flexible options in the area |
💡 Tip: Use a broker or lawyer to help compare offers and negotiate better terms.
⚖️ Legal Tip: Use a Lawyer + Power of Attorney
If you’re buying from abroad:
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Appoint a Spanish lawyer via PoA
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Your lawyer can open a bank account, apply for the NIE, sign the mortgage, and register the property
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They’ll also review the mortgage contract to ensure it’s free of abusive clauses (e.g., early repayment penalties, mandatory insurance)
💸 Regional Taxes and Fees
| Cost Type | Estimate |
|---|---|
| Notary + Registration | 1.5–2% of property price |
| AJD (Mortgage Tax) | 0–1.5% (depends on region and lender) |
| Bank Fees | ~1% (opening/arrangement fee) |
| Property Transfer Tax | 10% (Valencia), 8–10% (Alicante resale homes) |
❓ FAQs
Can I get pre-approved before visiting Spain?
Yes — many banks in Costa Blanca offer remote pre-approval. You’ll still need your NIE and documents ready.
Can I apply in English?
Yes — most major banks in Alicante and Valencia have English-speaking teams.
Do I need a job in Spain to qualify?
No — many non-residents use foreign income, pensions, or investment income to qualify.
🤝 How We Help
At Borderless Lawyers, we assist non-residents with:
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NIE and bank account setup
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Mortgage application and pre-approval
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Legal document review and remote signing via PoA
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Coordinating with banks and sellers
👉 Planning to buy in Alicante or Valencia? Let us secure your mortgage and protect your legal interests.