Madrid Property Finance
Specialist residential mortgages and short-term bridging finance for international buyers (including US, UAE, UK and European) purchasing property in Madrid — from Salamanca apartments to Chamartín family homes and La Moraleja villas.
Two quick steps — a specialist will respond within one working day. Your Madrid checklist stays available after submission.
Last updated Reviewed by our Clifton International finance team.
In short
Yes. Madrid is a core lending market, with non-resident mortgages available to around 65% LTV over terms up to 25 years. Salamanca, Chamberí and Chamartín property is liquid and values reliably, which supports competitive pricing.
At a glance
Figures reviewed:
Indicative figures for guidance only, correct as at October 2026. Rates, costs and timelines vary by lender, borrower profile, asset and jurisdiction, and are not an offer of finance. How we derive these figures.
Last reviewed . Read the full Key facts methodology, or speak to our team for a quote based on your circumstances.
At a glance
Most Madrid purchases finance on standard non-resident terms; prime and time-critical deals use private bank or bridging routes.
| Route | Max LTV | Indicative pricing | Time to funds | Typical use |
|---|---|---|---|---|
| Non-resident mortgage | 60–65% | ~3.5–5% p.a. | 8–12 weeks | Apartments and townhouses |
| Private bank facility | 50–70% | ~4–6% p.a. | 8–14 weeks | Prime Salamanca, €3m+ |
| Bridging | Up to 65% | 0.7–0.9% pcm | 2–6 weeks | Off-market and fast completions |
Swipe the table sideways to see all columns.
Indicative figures only. Actual terms depend on borrower profile, asset and lender criteria.
Local data
Price data
Transfer tax in Spain is set by each autonomous community, not centrally — the same €1m purchase costs materially more in some regions than others. These are the figures that apply to a Madrid purchase.
Official price per m² and purchase taxes for Madrid, Q2 2026
Source for price per m²: Ministerio de Transportes y Movilidad Sostenible (MITMA), Valor tasado de la vivienda libre, Q2 2026 (published September 2026). Figures are the official average bank-valuation price of private housing (vivienda libre), in euros per m², for municipalities over 25,000 people or, where a town is not published, the province or region shown. Valuation prices usually sit below portal asking prices. Tax rates are the headline rates published by each autonomous community. Guidance only — not tax or legal advice; confirm the rate applying to your purchase with your Spanish lawyer. View the official MITMA data · Compare all 30 Spanish locations · Data disclaimer · How we compile these figures.
Explore mortgages by location / area
Why clients choose us
Non-resident residential lending to a maximum of 65% for prime Madrid property.
Short-term facilities for chain-break, auction and refurbishment purchases across the capital.
Deep experience in Salamanca, Chamberí, Retiro, Chamartín and Almagro.
Access to Spanish and international private banks for higher-value townhouses and villas.
GBP, EUR and USD income accepted by selected lenders, with multi-currency facilities available.
A single international specialist managing lender, notary and legal liaison.
Borrower eligibility
Typical lending criteria
Indicative only. Actual terms depend on borrower profile, asset and lender criteria.
Rates this month
Last updated:
12-month Euribor (September 2026)
3.247%
+0.293 on August 2026
Variable margin
0.90% – 1.75%
over Euribor
Indicative variable rate
4.15% – 5.00%
Euribor + margin
Non-resident fixed
2.80% – 3.90%
10–25 year products
Buying a Salamanca apartment or a Chamartín family home with dollar income? Our guide to Spanish mortgages for American buyers covers US-applicant lender checks and document preparation alongside your Madrid property search.
Madrid varies more by district than by property type. Lenders value central barrios on liquidity, so the neighbourhood you choose shapes both LTV and pricing.
| Area | What lenders see |
|---|---|
| Salamanca & Recoletos | Prime stock; €3m+ tickets usually route to private banks. |
| Chamberí & Almagro | Classic apartments with strong resale demand; standard non-resident terms. |
| Retiro & Jerónimos | Park-facing buildings command a premium. |
| Chamartín & El Viso | Family homes and townhouses; popular with relocating executives. |
| La Moraleja & Puerta de Hierro | Large villa plots; high absolute values. |
| Outer districts (Tetuán, Arganzuela) | Value and yield buys; lenders check building condition closely. |
Neighbourhood character only — for current price-per-m² figures, see the official Ministry of Transport data in the local property market table above. The lender's valuation decides the loan.
Comunidad de Madrid ITP is 6% on resales, so a €1m purchase carries roughly €60,000 of transfer tax.
The city restricts new holiday-let licences in central districts. If rental income matters, lenders will assess long-let yield, not short-let figures.
Many central fincas pre-date 1950. Ask the administrador for pending derramas (special levies) and the ITE building inspection before exchange.
SL and SPV structures are common for Madrid investment property and are readily placed with our lenders.
General information only, not legal or tax advice. Your Spanish lawyer should confirm the position on any property.
Worked example
Recalculated with rates published
An international buyer purchasing a €500,000 resale property in Madrid with a 65% LTV non-resident mortgage. With 12-month Euribor at 3.247% (September 2026), the €325,000 loan over 25 years currently costs between €1,742 and €1,899 a month on a variable rate, or about €1,601 on a mid-band fixed rate.
| Item | Amount |
|---|---|
| Deposit (35%) | €175,000 |
| Comunidad de Madrid transfer tax (ITP) | €30,000 |
| Notary, registry and legal fees (indicative ~2%) | €10,000 |
| Total cash needed | €215,000 |
| Mortgage at 65% LTV | €325,000 |
| Product | Rate | Monthly repayment |
|---|---|---|
| Fixed (mid-band) | 3.35% | €1,601 |
| Variable, lowest margin | 4.15% | €1,742 |
| Variable, highest margin | 5.00% | €1,899 |
Transfer tax: 6%, using the published headline rate for Comunidad de Madrid. Madrid levies the lowest headline resale transfer tax of the major buying regions — a €1m resale carries roughly €60,000 of ITP, against €100,000 in Cataluña. Notary, registry and legal fees are an indicative estimate, not an official figure. Official price and tax data · Data and estimates disclaimer.
Euribor: official September 2026 12-month average (3.247%) from the Banco de España / BOE. Fixed, mixta and margin bands: Clifton International lender panel, reviewed 2 November 2026; mid-points used. Indicative only — not a quote, offer or recommendation.
No obligation — a specialist replies within one working day.
Recent transactions
Published transactions from our own case study library — select any to read the full brief.
Madrid · Refinance
€5.1m · ~47.7% LTV · 13.5% p.a.
€5.1m mortgage-backed credit line completed on a €10.7m prime Madrid home — repaying a €1.6m bank mortgage and releasing liquidity for professional investment.
Estepona · Non-Resident Mortgage
€1.6m purchase · 70% LTV · primary residence
A 70% LTV Spanish mortgage was secured through a specialist partner for a UK tax-resident international professional relocating to a €1.6m primary residence in Estepona.
Marbella · Dutch Buyer Mortgage
€1.2m purchase · €840,000 mortgage · 70% LTV
A Dutch entrepreneur secured a €840,000 mortgage at 70% LTV on a €1.2m Marbella home, keeping capital free for his business and investments instead of buying with cash.
Frequently asked
Yes. Madrid is one of the most lender-friendly cities in Spain for non-resident borrowers, with LTVs up to 65% for non-residents including US, UAE, UK and European buyers.
Around 35–40% cash deposit plus approximately 10–12% of the purchase price for taxes, notary, registry and legal fees.
Yes — prime central Madrid districts (Salamanca, Chamberí, Retiro, Chamartín) are considered strong collateral and attract the best terms.
Yes. Short-term bridging can be arranged for auction, off-market and refurbishment purchases in the city, typically 6–24 months.
Yes. High-value suburbs like La Moraleja and Puerta de Hierro are financeable, often via Spanish or international private banks for larger tickets.
Yes — a select group of international lenders and private banks will lend in GBP or multi-currency against Madrid property.
Yes. Spanish and international lenders typically want 2–3 years of accounts, SA302s or tax returns; company directors can combine salary, dividends and retained profits, and private banks will lend against wealth or asset-backed income where earned income is complex.
Most Spanish retail lenders require the mortgage to end by age 70–75; private banks and international lenders can extend to age 80, and interest-only structures are available for older borrowers with strong assets.
Both. Long-dated fixed rates, variable rates linked to a benchmark, and mixed fixed-then-variable products are all available to non-residents — we compare the whole market against your income profile and holding period. Current pricing is provided on enquiry.
Plan for 8–14 weeks from full application to notary, subject to a clean valuation, title and NIE. Bridging can complete faster — typically 2–4 weeks once due diligence is underway.
The three most common exits are refinance onto a long-term Spanish mortgage, sale of another asset (often a home-country property in the UK, US or elsewhere), or sale of the Madrid property itself once refurbished, repositioned or short-term let.
Non-regulated bridging on Spanish property is priced case-by-case, based on LTV, location, borrower profile and the strength of the exit. Expect a monthly interest cost plus an arrangement fee, legal and valuation costs — we provide indicative pricing after a short call.
Yes. Non-resident remortgages and equity-release refinances are available up to 60–65% LTV — commonly used to cut rate, raise capital for another purchase, or restructure onto interest-only or a longer term.
Yes — both are required to sign at notary and drawdown a Spanish mortgage. We coordinate NIE, bank account opening, lawyer engagement and FX alongside the finance so timelines stay aligned.
Local coverage
Salamanca, Chamberí, Chamartín, La Moraleja and the north-west corridor. We also arrange property finance across the neighbouring areas below — one adviser, one conversation, whichever location you buy in.
Nearby covered areas
Not listed? We cover all of mainland Spain, the Balearics and the Canaries — tell us the town and we will confirm lender appetite.
Buying in Madrid? Estimate your monthly repayment on a fixed or Euribor-linked variable rate with our Spanish mortgage calculator.
Also in Madrid
Bridging is often the route to securing the property; the mortgage then repays it.
Short-term bridging across Madrid — prime residential, commercial and mixed-use buildings, with drawdown in 3–6 weeks.
Senior development debt across Madrid — whole-building conversions, new-build residential and mixed-use repositioning.
Before you apply
Identity and NIE, two years of income evidence, six months of bank statements, source of wealth and the property paperwork — our free checklist sets out every document Spanish lenders ask international buyers for, by applicant profile.
Also consider bridging
Non-resident Spanish mortgages typically take 8–14 weeks. Where timing is tight — auctions, off-market deals, chain-breaks or a pending home-country sale — short-term bridging can complete in 2–4 weeks and refinance onto a mortgage later.
Fast, short-term facilities for chain-breaks, auctions, off-market deals and pre-mortgage completions.
Learn moreComplete on a Spanish home before your mortgage or overseas sale is in place.
Learn moreSide-by-side decision framework covering speed, cost and exit routes.
Learn moreTypical rates, fees and worked examples for €500k–€5m Spanish bridging deals.
Learn moreCurrency exchange
Most non-resident buyers fund the deposit, taxes and fees from sterling or dollars. A 5% move in GBP/EUR between the arras contract and the notary can add thousands to your euro cost — we introduce you to a specialist currency partner who can fix your rate early.
Clifton introduces clients to a specialist currency partner and does not hold, convert or transfer client funds.
Explore the currency service
Related coverage
Where we cover
We facilitate non-resident mortgages and bridging finance across every major Spanish market. Explore the other cities we cover, or jump straight to a specific service.
Book a consultation
30 minutes with an international specialist to review the deal, confirm indicative terms and outline a clear path to completion.
Lender appetite matrix
Resale apartment / villa — appetite across every buyer profile. Indicative panel appetite reviewed July 2026 — not an offer of finance.
UK buyer (non-resident)
Standard non-resident product; sterling income accepted with a currency haircut.
Buyer guideUS buyer (non-resident)
A subset of banks accept US persons; FATCA reporting drives the shortlist.
Buyer guideUAE / GCC-based buyer
Straightforward where salary certificates and bank statements are complete.
Buyer guideEU buyer (non-resident)
Euro income removes currency risk; best published non-resident pricing.
Buyer guideSwiss / Norwegian buyer
Treated close to EU profiles once income is evidenced in CHF or NOK.
Buyer guideSpanish resident / fiscal resident
Full resident product range with the longest available terms.
Corporate / SPV purchase
Residential lending to a company is priced as commercial debt.
Buyer guideRelated services
Purchase finance for primary residences, second homes and holiday properties across Spain.
Learn moreSenior debt and stretched-senior facilities for residential and mixed-use schemes.
Learn moreInvestment and owner-occupier funding for offices, hospitality, retail and logistics.
Learn moreImproved terms, capital raising and exit refinance for maturing Spanish facilities.
Learn moreShort-term funding for acquisitions, auctions, chain-breaks and development exits.
Learn moreReady to explore your options?
A discreet, no-obligation conversation with an international specialist with deep expertise in the Spanish lending landscape for US, UAE, UK and European buyers.