10 best mortgage brokers in Spain in 2024
Discover the best mortgage brokers in Spain for non-residents in 2024! Find the perfect fit for your needs with detailed reviews, pricing, and use cases.
Choosing the best mortgage broker can take time and effort, especially when working closely with someone. After all, everyone has a particular situation, and what works for others may not work for you. So, how can you determine which mortgage broker is the right option for you?
We’re here to help.
In this article, we’ve reviewed 10 of the best mortgage brokers in Spain currently working with non-residents. We included all the information you need—pricing, best use cases, pros and cons—so you can choose what’s best for your financial situation.
Explore the mortgage brokers listed below and take your mortgage process to the next level.
Our picks for the best mortgage brokers in Spain
- Homevest
- IMS Mortgage
- Mortgage Direct
- Habeno
- Fluent Finance Abroad
- Mortgage Matters Spain
- Foxes
- Idealista
- Lionsgate Capital
- Bank in Spain
Comparison table of the best Spanish mortgage brokers
Homevest: best for digital experience
▪️ Best use cases: ideal for customers who prefer a smooth digital experience that connects them with brokers and banks, facilitating efficient communication
▪️ Pricing: no fees for customers; Homevest receives a commission from the banks once the mortgage is complete
▪️ Languages spoken: English, Spanish, German, Italian, Bulgarian, Romanian, Swedish
Homevest is a digital product that helps foreigners and non-residents access the best mortgage deals in Spain. The platform helps customers understand their eligibility, estimate their property budget, and obtain a mortgage.
Homevest matches customers with banks that best suit their financial profiles and connects them with dedicated brokers who handle negotiations and ensure each case receives priority support.
Their team of professionals provides advice tailored to your needs, and they can help you compare offers from multiple banks, saving you time and money.
Pros
- centralized cross-border experience to upload your documents
- efficient communication between brokers, banks, and customers
- collaboration with leading banks, including Sabadell, CaixaBank, UCI, Banca March
- educational hub on mortgage and property insights to help customers understand their options
Cons
- Self-service eligibility check
IMS Mortgages: best for complex cases
▪️ Best use cases: Suitable for clients with varying case complexities; progressive fees based on case difficulty
▪️ Pricing: a fee of 346 to 1153 EUR, depending on the complexity of the case
▪️ Languages spoken: English, Spanish
IMS Mortgages is a part of the IMS Financial Group and specializes in providing mortgage services for non-residents looking to purchase property in Spain.
They have a team of advisors who guide you on the most appropriate mortgage products based on your circumstances.
Pros
- personalized advice based on individual circumstances
- access to the majority of Spanish lenders
- support services like legal advice or currency exchange
Cons
- a variable fee depending on your case
- the website is outdated and difficult to navigate
Mortgage Direct: best for experienced brokers
▪️ Best use cases: non-residents seeking experienced brokers with over a decade of market presence
▪️ Pricing: an initial fee of 695 EUR to start an application, and an approval fee of 0.6% of the mortgage amount
▪️ Languages spoken: English, Spanish, French, Dutch, Italian, German, Polish, Portuguese
Mortgage Direct is a leading mortgage broker in Spain with over a decade of experience.
They offer a variety of mortgage solutions, including options for high-net-worth and ultra-high-net-worth individuals.
They specialize in finding the best mortgage conditions for non-residents and have access to deals not available directly from the banks.
Pros
- covering all of Spain
- specialist market advice for American buyers or property buyers living and working on yachts
- full range of mortgage solutions (investment, construction, commercial mortgages, bridging financing)
Cons
- no mention of the banks they are partnered with
- the fee might be negotiable for larger mortgage amounts
Habeno: best for personalized guidance throughout the process
▪️ Best use cases: individuals seeking personalized guidance from a dedicated advisor throughout the process
▪️ Pricing: 1% of the mortgage amount for Plus services
▪️ Languages spoken: English, Spanish, German, Swedish, Polish, Dutch, French, Portuguese
Habeno is a mortgage broker based in Sweden and Spain, providing digital mortgage broker services for financing a new property or an off-plan property.
Habeno offers both a free version and a paid plan called Habeno Plus. You only pay a fee if the mortgage application is successful.
Pros
- collaborates with 11 lenders, including Sabadell, Bankinter, UCI, Cajasur, Unicaja
- offers legal services with a fee tailored to your application
Cons
- If you want more than a bank offer, you must use Habeno Plus, which costs 1% of the mortgage amount
- you can use Habeno Plus only if you have already obtained a pre-approval
Fluent Finance Abroad: best for multilingual personalized assistance
▪️ Best use cases: multilingual clients needing personalized assistance
▪️ Pricing: no data available
▪️ Languages spoken: English, French, Italian, Polish, Spanish, and German
Fluent Finance Abroad (FFA) is a fully regulated, independent, professional mortgage brokerage service in the Spanish market since 2006.
They have vast experience dealing with non-resident mortgages and are known for their personalized service.
Pros
- multiple accreditations, including from the British Chamber of Commerce in Spain and Banco de España
- allows you to find out how much you can borrow for free
- works with all the major Spanish lenders
Cons
- FFA doesn’t disclose the fee they charge on completion of the mortgage
Mortgage Matters Spain: best for friendly support
▪️ Best use cases: independent and friendly support
▪️ Pricing: no data available
▪️ Languages spoken: English, Spanish, French
Mortgage Matters Spain is a dynamic mortgage consultancy offering services to non-residents wishing to purchase property in Spain.
They pride themselves on providing a friendly, professional, and comprehensive service.
Pros
- dynamic and flexible approach to mortgage consultancy
- works with leading Spanish lenders
Cons
- Mortgage Matters Spain does not provide information about their pricing
- small team capacity might limit their ability to onboard many clients at once
Foxes: best for bundling products
▪️ Best use cases: bundling products, combining mortgage brokering and legal counseling
▪️ Pricing: 1500 EUR + VAT once you accept an offer, and 0.5% + VAT of the mortgage amount on the completion of the binding paperwork
▪️ Languages spoken: English, Spanish
Foxes is a highly experienced and qualified team of property, finance, and legal experts. They help mainly international clients purchase property in Spain.
They offer a wide range of services, including mortgage brokering and legal support for property purchases.
Pros
- loan calculation and loan offers from banks for free, and only charge a fee if you decide to accept a mortgage offer
- works with Bankia, Santander and BankInter
Cons
- not free
Idealista: best for combined real estate and mortgage brokering
▪️ Best use cases: comprehensive service for clients wanting both real estate and mortgage brokering
▪️ Pricing: no fee for customers
▪️ Languages spoken: English, Spanish
Idealista is a real estate portal that also operates as a mortgage broker in Spain, authorized by the Banco de España.
Through their platform, they have assisted more than 500,000 clients in finding the right mortgage.
Pros
- works with the main Spanish banks, including BBVA, Santander, ING
- free mortgage broker service
- non-EU residents can check their case viability on the website
Cons
- Trustpilot review score of 1.2, with many customers dissatisfied with Idealists's services
- the main focus seems to be on domestic mortgages
Lionsgate Capital: best for wealthy individuals
▪️ Best use cases: tailored for wealthy individuals financing properties in the Balearic Islands
▪️ Pricing: 1% of the mortgage amount
▪️ Languages spoken: English, Spanish, German
Lionsgate Capital is a mortgage broker specializing in assisting individuals in securing financing for purchasing properties in the Balearic Islands.
Their main clients are wealthy individuals looking for various financing options to lower their wealth tax. They offer personalized mortgage solutions for individuals purchasing properties between 1M€ and 50M€.
Pros
- works with over 20 banks to offer the widest range of mortgage solutions
- besides brokering, they offer tax advice, property valuations, and legal services
Cons
- Lionsgate has a minimum fee of €4,500, making them an expensive choice
- their service is focused mainly on the Balearic Islands and high-net-worth individuals
Bank in Spain: best for a flat fee
▪️ Best use cases: flat fee regardless of the mortgage amount
▪️ Pricing: 595 EUR
▪️ Languages spoken: English, German, Norwegian
Bank in Spain is an independent, certified, and registered mortgage broker based in Spain. They focus on helping international clients who buy property in Spain, including the islands.
They collaborate with many of the top 14 banks in Spain and hold multiple accreditations.
Pros
- founded and run by expat banking professionals
- free mortgage quote
- small, flat fee for all mortgages
Cons
- not free
In summary
There are many options for mortgage brokers in Spain, and the best choice for you will come down to your specific circumstances.
This guide presents a comparative analysis of 10 of the best mortgage brokers, that can assist you in securing a mortgage in Spain as a non-resident. If you’re interested in a fee-free, quick, and easy solution, remember that Homevest can be an excellent option for comparing banking offers and choosing the best mortgage.
Frequently asked questions
What should I consider when choosing a mortgage broker for buying a property in Spain?
When choosing a Spanish mortgage broker, consider their experience, reputation, expertise, range of lenders, transparency, customer service, rates, fees, and seek referrals and online reviews.
Remember that while a mortgage broker can guide you and offer valuable advice, the final decision is yours. Make sure you are comfortable with the terms of your mortgage, and feel free to ask questions if something needs to be clarified.
How much does a mortgage broker charge?
Mortgage brokers typically earn their income through commissions, paid by the lender or borrower (sometimes both).
On average, mortgage broker fees can range from 0.5% to 2% of the loan amount. For example, if you take out a 300,000 EUR mortgage and the broker's fee is 1%, you could expect to pay around 3,000 EUR.
Will I find better offers than going directly to the bank?
Using a mortgage broker may lead to better deals. They have access to multiple lenders and a broader range of loan products than a single bank, which can help you find a loan that suits your needs and financial situation.
Whether you decide to go with Homevest, Mortgage Direct, Habeno, Lionsgate Capital, Bank in Spain, IMS Mortgages, Fluent Finance Abroad, Foxes, Idealista, or Mortgage Matters Spain, each of these Spanish mortgage brokers has a proven track record in helping non-residents secure a mortgage in Spain.
Sources used and checked in May 2024:
- IMS Mortgage
- Mortgage Direct
- Habeno
- Fluent Finance Abroad
- Mortgage Matters Spain
- Foxes
- Idealista
- Lionsgate Capital
- Bank in Spain
We recommend obtaining professional or specialist advice before taking or refraining from any action based on the content in this article. The information in this article does not constitute legal, tax, or other professional advice from Homevest Limited. Prior results do not guarantee a similar outcome. We make no representations, warranties, or guarantees, whether express or implied, that the content in this article is accurate, complete, or up to date.
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