Brexit did not change the loan. It changed the paperwork — and the calendar.
British buyers still get the same non-resident terms as everyone else. What changed is the documentation lenders ask for, the currency question, and the 90-day limit that quietly reshapes what „a place in Spain" can mean.
What actually changed — and what did not
- Loan-to-value did not change. UK buyers are treated as non-residents, as they largely were before: financing against the lower of purchase price and valuation, typically up to 70 %.
- The documents did. P60s, payslips, self-assessment returns and HMRC statements have to be assembled and, depending on the lender, translated. Self-employed applicants should expect two to three years of accounts.
- Sterling income is discounted. A GBP salary against a EUR loan carries currency risk. Lenders apply a margin of safety before the affordability calculation — which is why a comfortable British income sometimes produces a smaller Spanish loan than expected.
- 90 days in any 180. A holiday home is unaffected. A plan to live in Spain most of the year is not — and if the plan is residence, the financing structure and the tax picture both change. Say so early; it changes which lender is right.
The equity is often already in the UK
Many British buyers have substantial equity in a paid-down UK property and a modest income on paper — a retiree's profile. Spanish lenders read that profile conservatively, because they lend against income, not against assets abroad.
The route that solves it: raise the capital at home against the UK property (your UK lender does that part), and finance the Spanish side on top. It turns a difficult affordability case into a straightforward one.
Let us look at your case
A first conversation costs nothing, and our fee — 1 % of the loan actually arranged — is only ever due if the financing completes.