Where foreigners can finance a purchase, typical deposits, documents and the currency risk to plan for.
Financing a purchase abroad is possible in more markets than buyers expect — but non-resident terms are stricter, and the currency you earn in matters as much as the rate. This guide covers where to borrow, what you'll pay, the documents and the risks.
Can a foreigner get a mortgage?
In several markets, yes — but assessment is stricter than for residents. Spain, Portugal, Cyprus, Greece, Germany and the UAE all have lenders that work with non-residents. Emerging markets (Georgia, Montenegro) rely more on cash or developer instalments.
Deposit and rates
- Non-residents typically need a larger down payment — often 30–50% of the price.
- Rates may sit a little above resident pricing and depend on profile and country.
- Loan term and maximum age at maturity vary by lender.
Documents and income
- Passport and proof of address.
- Proof of stable income (payslips or business accounts) and tax returns.
- Bank statements; sometimes translated and apostilled.
A clean, well-documented financial picture speeds approval.
Currency risk
If the loan is in euros (or a local currency) but you earn in another, exchange-rate moves change your real repayment. Match the loan currency to your income where possible, or budget a buffer for swings.
Off-plan and developer finance
In markets like the UAE, off-plan is often bought on a developer payment plan rather than a bank loan, with staged payments to a protected escrow account. Compare the true cost of instalments against a mortgage.
FAQ
Do I need residency to borrow? No, but residents usually get better terms. How long does approval take? Often a few weeks with complete documents. Should I get a decision in principle first? Yes — before you commit to a contract.
How we help
We connect you with mortgage brokers and banks that lend to non-residents, and structure the purchase around realistic financing. General information only, not financial advice — terms are set by the lender.