Understanding the Opportunity for Non-Residents with Saudi Income

Are you earning in Saudi Riyal (SAR) and planning to buy a holiday home or invest in real estate in Spain? You're not alone. Many high-net-worth individuals, expatriates, and professionals based in Saudi Arabia are discovering the appeal of the Spanish property market — from beachfront villas in Marbella to modern apartments in Barcelona and Madrid.

However, securing a mortgage in Spain as a non-resident with income in SAR can be challenging — unless you're working with the right mortgage broker. At Mortgage in Spain.es, we specialize in helping international clients obtain competitive mortgages, even if your income is in Saudi Riyal.

In this article, we’ll explain how we can help, what banks are looking for, and how you can benefit from our expert service as a licensed mortgage broker in Spain.

Can You Get a Mortgage in Spain If You Earn in SAR?

Yes, it is possible to obtain a mortgage in Spain with income in Saudi Riyal — but not all Spanish banks accept non-euro income, especially in currencies considered “non-convertible” or “less stable” by European financial standards.

Fortunately, at Mortgage in Spain, we have agreements with banks that accept income in Saudi Riyal. Thanks to our long-term relationships with these banks, we know exactly how to present your financial profile and what documentation they require to approve your loan.

Mortgage Conditions for Non-Residents Earning in SAR

When applying for a mortgage in Spain as a non-resident with income in Saudi Riyal, here are some important conditions to consider:

• Maximum Loan-to-Value (LTV): 70% of the property price (this is the legal limit for non-residents, set by the Bank of Spain).
• Maximum Term: 25 years, with some exceptions depending on your age and financial profile.
• Interest Rates: Fixed or variable rates available — typically fixed rates offer greater stability for non-residents.
• Currency Risk Consideration: Spanish banks must assess the potential currency fluctuation risks. We help clients mitigate these risks by selecting the right bank and explaining the implications clearly.

Key Documents You’ll Need

Spanish banks are conservative and require detailed documentation to ensure your financial stability. If you earn in SAR, you’ll need to provide:

• Proof of income: Payslips or salary certificates (translated into Spanish or English if necessary).
• Employment contract and confirmation of position or seniority.
• Personal bank statements (last 6–12 months).
• Tax return or income certificate from Saudi authorities.
• Copy of your passport.
• Deposit amount available in a European bank account (proof of savings).
• Information about the property you wish to purchase.

We’ll guide you through every step to ensure your documentation is complete and correctly presented — avoiding unnecessary delays or rejections.

How Mortgage in Spain.es Can Help You Succeed

At Mortgage in Spain, we are more than just intermediaries — we are a mortgage broker licensed by the Bank of Spain, and we specialize in helping non-residents secure the best financing possible. Here's how we add value for clients earning in Saudi Riyal:

✅ Bank Access for Non-Euro Income

We work with select Spanish banks that accept Saudi Riyal and understand the documentation commonly issued by companies in the Gulf region.

✅ Customized Financial Study

We calculate your debt-to-income ratio (max 35%) using the same methods Spanish banks use, so you’ll know exactly how much mortgage you can obtain — before submitting any application.

✅ End-to-End Process — Fully Online

From the moment you contact us until the signing of the mortgage in the notary, we manage everything online. No need to travel back and forth — we simplify everything remotely.

✅ Legal and Administrative Coordination

We help coordinate the reservation contract, property appraisal, FEIN offer, notary appointment, and even the cooling-off period required by law before signing the final deed.

✅ Expert Knowledge of Saudi Financial Documents

We understand Saudi payroll structures, benefits, and tax systems — which helps us explain your financial profile clearly to Spanish banks and avoid misunderstandings.

✅ Additional Services

We can also assist with:

• NIE application online
• Currency exchange services
• Utility setup
• Legal advice through our partners
• Property search via selected real estate agencies

Why Choose Mortgage in Spain.es as Your Broker?

Here are the key benefits of working with us:

• We are a mortgage broker licensed by the Bank of Spain.
• We have over 15 years of experience in the Spanish financial and property market.
• Our service is 100% free for you — the bank that grants your mortgage pays our fee.
• We save you time, avoid errors, and increase your chances of approval.
• We work with clients from the Gulf region and across the globe — and understand the specific needs of international buyers.

Ready to Buy Your Property in Spain?

Whether you’re purchasing a second home for holidays or making a strategic investment, we’re here to ensure the mortgage process is smooth, fast, and secure.

👉 Contact us today to schedule a personalized consultation and discover how much you can borrow in Spain with your Saudi Riyal income.

We are a mortgage broker licensed by the Bank of Spain — let us help you unlock the door to your new life in Spain.