Can I take out a small mortgage and the rest from equity capital finance?

Spanish property with small mortgage and finance the rest with equity

That depends on the purchase price. Our member banks provide property financing at mortgage amounts starting from €80,000. Of this, a maximum of 70% can be financed, but also less, if more of your own money is available. In general, we at Spanish Mortgage Direct apply the maxim:

Minimum mortgage amount = €56,000

Spanish banks see lower amounts as an option for direct or personal loans because of the small size. Issuing a mortgage for non-residents is a lot more complex for a Spanish bank than for a Spanish resident, so it is not surprising that they set a minimum for this.