In order for the bank to approve you for a mortgage, they primarily look at two factors to consider your affordability for a mortgage in Spain:
The loan to value and your debt to income ratio.
Banks usually offer to lend 80% of the purchase price (excluding fees). It is possible to achieve slightly more than 80%, but the client’s circumstances have to be optimal for the bank to consider this. If you are interested in a mortgage of more than 80%, please contact us to discuss whether this will be possible for your situation.
The maximum loan to value banks offer at the moment is 70% of the purchase price. That being said, it is common that they only give 60%. The percentage can vary depending on the country in which you reside/declare your taxes and your mortgage preferences.