Mortgage broker for expats in Costa Blanca
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Costa Blanca offers the best of Spanish coastal living
Costa Blanca stretches along the southeastern coast of Spain in the province of Alicante and has become one of the most popular places in Europe for international property buyers.
From the vibrant city of Alicante to the marinas of Denia, the beaches of Benidorm, and the traditional coastal towns of Jávea, Altea and Moraira, the region offers a wide range of properties and lifestyles. Some buyers are drawn by the sunshine and relaxed pace of life, while others see Costa Blanca as a strong long-term property investment.
For many expats, the appeal is simple. The climate is excellent, the infrastructure is strong, and there is already a well-established international community. English is widely spoken, flights connect easily with the UK and northern Europe, and the cost of living is often lower than in many other Mediterranean destinations.
At Baleario, we help international buyers secure mortgages for properties across Costa Blanca. Whether you are buying a sea-view apartment in Alicante, a villa in Jávea, or a retirement property near Torrevieja, we guide you through the Spanish mortgage process and help you find the right lender.
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Why choose Baleario?
Buying property abroad often raises questions around financing, taxes and the legal process. Working with an experienced mortgage broker makes the process significantly easier.
Baleario helps expats and non-resident buyers secure competitive mortgages across Spain.
Experience with international buyers
Our team has more than 20 years of combined experience arranging mortgages for foreign buyers purchasing property in Spain. We understand how Spanish banks assess international applicants and how to structure applications to maximise approval chances.
Access to multiple Spanish banks
We work with a wide network of lenders across Spain, allowing us to compare mortgage offers and find competitive rates for our clients.
Guidance throughout the process
From initial affordability checks through to mortgage approval and completion at the notary, we support you through every stage of the process.
Clear and transparent advice
Mortgage terms in Spain can be unfamiliar to foreign buyers. We explain interest rates, loan structures and costs clearly so you can make informed decisions.
Efficient mortgage approvals
Our streamlined process helps many clients receive mortgage pre-approval quickly, allowing you to move forward confidently when making property offers.
Client testimonials
We work with Spain’s leading mortgage lenders
Baleario maintains relationships with major Spanish banks and international lenders active in the Spanish property market. This allows us to present applications to the lenders most likely to offer favourable terms based on your profile.
Why buy property in Costa Blanca?
Costa Blanca remains one of Spain’s most attractive regions for expat buyers. Several factors continue to drive demand.
Climate and lifestyle
With more than 300 days of sunshine per year, Costa Blanca offers one of the most reliable climates in Europe. Outdoor living is a major part of daily life, with beaches, golf courses and coastal walks easily accessible.
Strong international community
Costa Blanca has one of the highest concentrations of foreign residents in Spain. Buyers from the UK, Germany, Scandinavia and the Netherlands have been purchasing property here for decades, creating an established international environment.
Accessibility
Alicante Airport connects the region with most major European cities. This makes Costa Blanca particularly attractive for second homes and holiday properties.
Property affordability
Compared with many Mediterranean destinations, Costa Blanca still offers relatively good value property. Buyers can find apartments, townhouses and villas at a wide range of price points.
Rental potential
The region receives millions of visitors each year. This strong tourism sector means many owners generate income through holiday rentals, subject to local licensing rules.
Popular areas to buy property in Costa Blanca
Costa Blanca covers a long stretch of coastline in the province of Alicante, and each area offers something slightly different for property buyers. These are some of the locations we most often help expats secure mortgages for.
Alicante
Alicante is the region’s main city and a growing destination for international buyers who want a mix of beach lifestyle and city infrastructure. With a major international airport, excellent transport links and strong rental demand, Alicante is particularly attractive for buyers looking for both lifestyle and investment potential.
Jávea (Xàbia)
Jávea is one of the most desirable towns in northern Costa Blanca. Known for its natural beauty, marina, and traditional old town, the area attracts many international buyers looking for villas with sea views and high-quality residential neighbourhoods.
Denia
Denia combines a traditional Spanish town feel with a thriving marina and ferry connections to the Balearic Islands. Property buyers are often drawn to Denia for its lively year-round community, excellent restaurants and beaches.
Altea
Altea is known for its whitewashed old town, artistic atmosphere and panoramic coastal views. The area attracts buyers seeking a quieter lifestyle while still being close to larger towns like Benidorm and Calpe.
Benidorm
Benidorm remains one of the most famous resort destinations in Spain. While known for tourism, it also offers strong rental potential and modern apartment developments that appeal to investors and holiday home buyers.
Torrevieja
Located in southern Costa Blanca, Torrevieja is one of the most affordable coastal property markets in Spain. It has a large international population and is popular with buyers seeking retirement homes or long-term holiday properties.
Expert insight from Baleario
“Costa Blanca continues to be one of the most active property markets in Spain for international buyers. What many people don’t realise is that Spanish banks are often very open to lending to foreign buyers, provided the application is structured properly and the documentation is prepared in advance.
We regularly help expats secure mortgages for homes across Alicante province, and the key is understanding which lenders are comfortable with international income and how to present the application correctly.”
Chad Harwood-Jones, Founder, Baleario
Types of mortgages available in Costa Blanca
Spanish banks offer several mortgage structures for both residents and non-resident buyers.
Fixed rate mortgage
Your interest rate remains fixed throughout the mortgage term. This provides predictable monthly payments and protection from changes in interest rates.
Variable rate mortgage
Variable mortgages are linked to the Euribor benchmark plus a bank margin. Payments may rise or fall depending on Euribor movements.
Mixed rate mortgage
A mixed mortgage typically starts with a fixed rate period followed by a variable rate structure. This offers an initial period of payment certainty with potential long-term flexibility.
Non-resident mortgage
Foreign buyers who do not live in Spain can still obtain mortgages from Spanish banks. Typically, lenders finance 60–70% of the property value, meaning buyers provide a deposit of around 30–40%.
Green mortgage
Some Spanish lenders offer favourable rates for energy-efficient homes or properties undergoing energy-saving renovations.
Mortgage interest rates in Costa Blanca
Most Spanish mortgages are linked to Euribor, the main European interbank interest rate. Lenders add a margin depending on the applicant’s financial profile and the loan structure.
Typical factors influencing your mortgage rate include:
- your income and employment stability
- the size of your deposit
- whether you are a resident or non-resident buyer
- the property type and valuation
- the lender’s internal risk policies
In some cases, international buyers may secure mortgage rates starting from around 2.5%, although the exact rate will depend on the individual application.
Baleario works with multiple lenders to compare available offers and find competitive mortgage solutions.
The mortgage process in Costa Blanca
Buying property in Spain involves several key steps. Understanding the process in advance can help avoid delays.
We begin by reviewing your financial situation and estimating how much you can borrow from Spanish lenders.
Banks typically request documentation such as:
- passport and identification
- proof of income
- tax returns or employment contracts
- bank statements
- details of existing debts
Once the documentation is reviewed, some banks can provide an initial mortgage approval, helping you confidently proceed with property negotiations.
The bank appoints an independent surveyor to value the property. The mortgage amount will normally be based on the lower of the purchase price or valuation.
After reviewing the valuation and documents, the bank issues a formal mortgage offer outlining the loan amount, interest rate and repayment structure.
Mortgage and purchase contracts are signed before a Spanish notary. The bank releases funds to the seller and the property ownership is officially transferred.
Mortgage repayments are typically made monthly through your Spanish bank account.
Mortgages in Costa Blanca – FAQs
Can foreigners get mortgages in Costa Blanca?
Yes. Spanish banks regularly provide mortgages to international buyers purchasing property in Costa Blanca. Non-resident buyers can usually borrow around 60–70% of the property value, depending on the lender and financial profile.
How long does it take to get a mortgage in Costa Blanca?
Mortgage approval usually takes 4 to 8 weeks, depending on how quickly documentation is submitted and when the property valuation is completed.
How much deposit do expats need to buy property in Costa Blanca?
Most non-resident buyers provide a 30–40% deposit, plus an additional 10–15% to cover taxes and purchase costs such as transfer tax, notary fees and legal expenses.
Can rental income be considered when applying for a mortgage?
Some Spanish lenders may consider projected rental income when assessing mortgage affordability, particularly in strong tourist areas. However, this varies between banks.
Do I need a Spanish bank account?
Yes. Mortgage repayments are typically made from a Spanish bank account, which will also be used for property-related expenses such as utilities and community fees.
Is Costa Blanca a good place to buy a rental property?
Costa Blanca has a strong tourism market and a large international population. Many owners generate income through holiday rentals or long-term lets, although some areas require a tourist rental licence.
Start your Costa Blanca mortgage application
If you’re planning to buy property in Alicante, Denia, Jávea, Benidorm, Torrevieja or elsewhere in Costa Blanca, Baleario can help you secure the right mortgage.
Send us your details and we’ll review your situation and explain the options available.
Request your free mortgage consultation today