NIE, income history abroad, life insurance… what paperwork Spanish banks ask of non-resident buyers and how to prepare it in advance to avoid delays at signing.
Basic documentation
The NIE (foreigner's ID number) is essential from the very start, together with a valid passport. Most lenders also ask for proof of registration on the local census (empadronamiento) or proof of address, even if you live outside Spain.
Income and solvency
If your income comes from abroad, banks usually ask for payslips or tax returns for the last two years, translated and, in some cases, apostilled. An employment history report or its equivalent in your country of origin is also usually requested to demonstrate stability.
Specific conditions for non-residents
Mortgages for non-residents usually have a lower loan-to-value ratio (typically up to 60-70% of the valuation, compared with 80% for residents) and may require you to take out linked life and home insurance.
How WeBroker helps you
Our team compares the terms offered by different lenders specialising in non-resident clients and helps you gather and translate your documentation, so that the process moves forward without last-minute surprises. Simulate your mortgage for free with no obligation.