70% LTV holiday-home mortgage, Murcia

Client profile

The clients were a couple living and paying taxes in the United Kingdom, buying a Spanish holiday home on an established golf resort in the Murcia region.

• UK residents applying jointly
• Purpose: holiday home in the Murcia region
• Property within an established golf resort
• Introduced by a professional referral partner

Employment and income

The application benefited from two complementary income sources: one applicant held a stable, full-time salaried role in education with an established employment history, while the other was a long-established self-employed business owner in the property maintenance and services sector with several decades of continuous trading.

• Applicant 1: established full-time salaried employment in education
• Applicant 2: self-employed with decades of continuous trading
• Consistent, documented self-employed business earnings
• Complementary income streams strengthened the application

Deposit, commitments and affordability

Documented joint and personal savings with established financial institutions covered the deposit and purchase costs. Modest personal credit commitments and revolving credit were considered in the affordability assessment but remained comfortable relative to combined income, which supported the proposed mortgage with capacity to spare.

• Documented joint and personal savings
• Modest existing credit commitments
• Comfortable affordability on combined income
• Conservative 70% loan-to-value

Spanish mortgage for UK residents buying a holiday home

The clients intended to keep their home, employment and tax position in the United Kingdom, so this was a Spanish mortgage for UK residents rather than a relocation case. The proposed property would be used as a holiday home. The specialist partner therefore presented the application on a non-resident basis, supported by UK income records, business accounts, savings evidence and details of the applicants’ existing commitments.

Property and mortgage requirement

The €750,000 property was within an established golf resort in Murcia. A 70% loan-to-value mortgage left the clients responsible for the deposit and purchase costs from documented savings. The joint application combined a stable salary with a long self-employed trading record, giving the lender a fuller view of household affordability than either income source would have provided alone.

Why the application succeeded

A strong combined financial profile was matched with a lender suited to UK-based non-resident borrowers, and the documentation presented both income types clearly. This was important because a Spanish lender assessing overseas applicants needs to understand not only headline earnings but also how sustainable each source is, what debts remain and whether the applicants retain enough funds for the deposit and associated buying costs.

• Strong combined household income from two established sources
• Long-established self-employment with consistent earnings
• Strong documented savings and moderate existing debt
• Conservative LTV and a clear holiday-home purpose
• Well-prepared supporting documentation
• Lender selection suited to non-resident applicants