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Mortgage Services for Non-Residents At BBVA we will help you acquire the house of your dreams.
For that purpose we are making available to you a wide range of mortgage financing. In this way you will be able to buy, repair, change or build your own home, comfortably and with no worries.
To finance the purchase of your home, BBVA offers you different types of mortgages so that you can choose the one that best suits your needs. BBVA offers you the Non-Resident Mortgage, designed especially for people who are not residents who wish to acquire a second home in our country. |
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- Interest Only Mortgage.
For the purchase of a second residence, you will have the option of paying interest for only the first 36 months. We finance up to 70% of the property’s value and you will have up to 25 years to pay off the mortgage.
- Non-resident Final Mortgage Share with exclusion period.
In order to lighten costs to you or to permit you to obtain a better apartment, the Final Mortgage Share allows you to leave the repayment of up to 30% of the loan capital until the end.
In addition, if you wish, it gives you the opportunity to pay only the interest for the first 3 years. In both cases you will have a mortgage of up to 25 years and maximum financing of up to 70%.
- Non-resident Home Improvements Mortgage.
If you are already a homeowner and want to enlarge or repair your home, this mortgage will adapt itself totally to your needs. You will be able to ask to a maximum of 60,000 to be used for any sort of improvement in your home.
In this case, BBVA will finance up to 50% of the appraised value of the home to a maximum of 120 months.
- Non-resident Moving House Mortgage.
If you are a homeowner and have the intention of changing residence, BBVA offers you a mortgage to help you buy a new one, without any pressure on you to sell your current home immediately.
You will be able to count on the possibility of Total Exclusion on capital and interest of up to 12 months on your new mortgage. In addition, you will be able to obtain 10% additional financing for supplementary expenses. In this way total financing will be up to 110%.
The maximum period for the final operation will be up to 25 years.
- Non- resident Self-builder.
The most usual type of individual self build mortgage is for the single family home.
If you are the self-builder, you will need to have the following: the land, the project, license to build and decennial liability insurance, as well as the financial resources necessary for the building.
BBVA makes it easy for you, since you will obtain all the facilities to carry out your project and with an exclusion period of up to 18 months.
As your own resources, you will have available to you a minimum of between 30% and 40% of the total investment at the moment of formalising the operation.
Outside financing will be what you request as a self-builder in order to have the total amount of resources necessary to do the work.
Maximum deadline for the close of the operation will be 25 years.
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