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Mallorca Mortgage Consultancy

Casa
España
Palma de Mallorca
Mallorca Mortgage Consultancy

Expert and independent mortgage advice for buying property across the Balearic Islands and mainland

MMC established in 2009 by Nicky Buchanan, a broker with 16 years experience in the UK, has become a recognised and trusted company, working with all the major Spanish banks offering the best available rates to an international client base.

19/12/2025

🎄🏡 Happy Holidays from the MMC Team! 🏡🎄

This year has been full of dreams becoming reality,contracts signed, goals achieved, and plenty of teamwork behind the scenes. We couldn’t have done it without our amazing clients, partners and the incredible people on our team.

Wishing you joy, laughter, and a little extra magic this season. Here’s to a 2026 filled with new opportunities and exciting milestones! ✨

04/12/2025

We stopped by Banca March today to wish the team a Merry Christmas and personally thank them for their continued commitment and partnership. It’s always a pleasure to connect face-to-face and acknowledge the hard work that goes into everything we achieve together. We truly appreciate the collaboration and look forward to building on this momentum in the new year. Wishing the whole Banca March team a wonderful festive season! ✨

02/12/2025

What UK buyers MUST know before purchasing in Spain

We’re seeing a big rise in British clients buying here, but expectations don’t always match how Spanish lending works. Here’s what really matters:

🔹 LTV max: 70%
Non-EU buyers need at least 30% plus taxes & fees upfront.

🔹 Affordability: 30% rule
Only 30% of your net monthly income can go toward global debt. Early checks = no surprises.

🔹 Currency risk is real
GBP–EUR swings affect timing and approval. We work with an expert partner so clients can lock in strong rates.

🔹 Property & mortgage eligibility
Before committing: get a trusted agent, confirm all key documents (nota simple, cédula de habitabilidad, rustic certificates) and take independent legal advice. Deposits are usually non-refundable — due diligence is a must.

Based in Mallorca, our team helps UK buyers stay prepared, protected and ready to move quickly in a competitive market.

📩 [email protected]

26/11/2025

How Much Can You Actually Afford in Spain? Here’s How to Know in 2 Minutes

Before falling in love with a home, running your numbers is the smartest move you can make, and it can save you time, stress, and surprises later.

Here’s a quick guide to understanding your affordability before you apply for a mortgage:
🔍 Monthly Budget
Your total debt + new mortgage should stay under 30–35% of your net income.
📄 Purchase Costs
Buying in Spain adds 8–13% in taxes and fees, include this in your budget.
💶 Deposit Requirements
Non-residents: 70% LTV
Your savings determine how much you can borrow.
📉 Interest Rates Matter
Fixed, variable, or mixed rates can shift your monthly payment significantly.
🧮 Want exact numbers?
Use our Mortgage Affordability Calculator to instantly see your borrowing power.
👉 Use our Mortgage Calculator here: https://www.mallorcamortgage.com/mortgage-calculator/
Whether you're buying in , , , , del Sol, or anywhere else in — we can help you navigate the numbers with confidence.

20/11/2025

…and that single detail can make or break your entire buying journey.

The Spanish market is full of properties that look perfect online but are impossible for banks to finance because of:

⚠️ Missing or outdated paperwork
⚠️ Unregistered renovations
⚠️ Property type restrictions
⚠️ Legal or zoning issues
⚠️ Urbanistic surprises no buyer should discover too late

A strong estate agent doesn’t just show you homes —
👉 they guide you ONLY toward properties that a bank is actually willing to mortgage.

That means:

✔️ Zero wasted viewings
✔️ No last-minute mortgage rejections
✔️ A smoother, safer buying process
✔️ And a far better chance of securing the home you love

As mortgage brokers, we see it every day — buyers fall in love with homes the bank will never finance. With the right professionals, this never happens.

House-hunting should be exciting, not stressful.
When you find the right property, we’ll help you secure the mortgage that makes it yours. 🤝💙

17/11/2025

🏡 Buying a home in Spain doesn’t have to be complicated! Different banks, paperwork, and rules can be confusing, but we’ve got you covered. 😌

With the right guidance, the journey becomes a simple 6-week timeline, from your mortgage application to signing the keys to your new place. 🏡

Think:
🗂 Week 1 — Prep your documents
🏠 Week 1–2 — Property valuation
✔ Week 2–3 — Mortgage approval
💶 Week 4 — Pay your deposit
📄 Week 5 — Review and sign your mortgage terms
🎉 Week 6 — Completion day!

Clear steps. No surprises. Total peace of mind.

If Spain is calling your name, make sure you follow a structured path that keeps you protected, and excited, every step of the way.

11/11/2025

🏦 Spain has one of the lowest mortgage interest rates in the world!

That means you can:
✅ Borrow more for your dream property
✅ Pay less every month
✅ Enjoy long-term stability and peace of mind

But why are Spanish mortgages so affordable?
💶 Because the European Central Bank keeps rates low across the eurozone.
🏦 Because Spanish banks compete hard for reliable clients — especially international buyers.
💪 And because Spain has one of the most secure, well-regulated mortgage systems in Europe.

Whether you’re:
🏠 Buying your first home,
🌞 Moving to Spain for a better lifestyle, or
💼 Investing in a rental property…

Now’s a great time to explore your options.

✨ We help buyers from around the world find the best mortgage solutions in Spain — with transparent advice and trusted local lenders.

Let's see what rate you could qualify for and how much you can save on your Spanish property purchase.
📩 [email protected]

06/11/2025

Stop dreaming. Start building your home in Spain.

From the very first sketch to the final touches, we know that building a home can feel exciting — and overwhelming. That’s why Mallorca Mortgage is here to make construction finance simple and stress-free for private homeowners.

Here’s how we help:
💡 Tailored funding for your build or renovation
💡 Clear guidance through Spanish banks and processes
💡 Support every step of the way — from blueprint to move-in

Because your dream home isn’t just a plan. It’s where your life unfolds, your memories are made, and your future begins. Let’s make it happen together.

Curious how?
📩 [email protected]

03/11/2025

You’ve worked hard for your home — now let it work for you.
With the right conditions, you can unlock the value in your Spanish property without selling it.

Whether you’re looking to:
✅ Reinvest in additional property opportunities
✅ Release capital for renovations or upgrades
✅ Diversify your real estate portfolio
✅ Strengthen your property investment strategy —

…equity release could be the key.

As a Mallorca-based mortgage brokerage, we specialize in helping residents and expats navigate Spanish lenders, property valuations, and tailored equity release options with confidence.

📍 Local expertise | 🌍 International understanding | 🤝 Personal guidance

💬 Curious if your property qualifies?
📩[email protected]

29/10/2025

🏦 The right mortgage can save you thousands — but finding it isn’t simple, especially as a non-resident.

At Mallorca Mortgage, we simplify the process and help you access the most competitive mortgage options across Spain’s leading banks.

Here’s why international buyers choose us:

✅ Independent & impartial: We work for you, not the banks — ensuring your interests always come first.
✅ Market-wide access: We compare multiple lenders to secure the most favourable rates and conditions.
✅ Expert support for non-residents: Our team understands the unique challenges and documentation requirements of international clients.
✅ Seamless experience: From initial consultation to signing at the notary, we manage the entire process with transparency and care.

Your Spanish home is an important investment.
Let our expertise make it a rewarding one. 🏡

📩[email protected]

26/10/2025

📢 Don’t get lost in translation — essential Spanish mortgage words explained!🏡

Learn the key terms you need to know when getting a mortgage in Spain:

1️⃣ NIE
Número de Identidad de Extranjero — your foreigner ID number, needed for any property purchase or financial activity in Spain. It’s essential for tax and legal processes.

2️⃣ LTV
Loan-to-Value — the percentage of the property price the bank will lend you. For example, 70% LTV means you pay 30% as a down payment.

3️⃣ NOTA SIMPLE
An official property report showing ownership, charges, and legal status. It helps verify the property is free of debts or liens before you buy.

4️⃣ Confirmación de Ingresos
Proof of income documents that demonstrate your financial capacity to repay the mortgage, such as payslips, contracts, or bank statements.

5️⃣ Plazo
Mortgage term — the number of years you have to repay your loan, usually between 15 and 30 years.

6️⃣ Escritura
The official property deed signed in front of a notary, which legally transfers ownership from seller to buyer.

7️⃣ Tasación
Property appraisal — a valuation ordered by the bank to determine the current market value of the property before approving your mortgage.

✨ Save this post for your next Spanish property purchase!
Got a question?
📩[email protected]

23/10/2025

Absolutely — and it’s often easier than you might think!

Looking to finance your Spanish home purchase as a non-resident? Let us guide you through the process. Whether you’re based in the UK, Germany, Scandinavia, or the USA, Spanish banks actively lend to international buyers — the key is having the right guidance and local expertise.

🏠 Loan-to-Value (LTV)
Up to 70% for EU & non EU citizens

💶 Typical Rates
Spanish mortgage rates have recently dropped, with many lenders offering rates as low as 2.5% to 3.5%, depending on your profile and the bank.

📋 You’ll Need
✔ Proof of income
✔ Tax return
✔ Credit Report
✔ Bank statements
✔ A valid NIE (Spanish Identification Number =Número de Identidad de Extranjero)

🧭 How We Help
At Mallorca Mortgage Consultancy, we specialise in non-resident mortgages across Spain.
From comparing offers to managing paperwork, we make the process clear, transparent, and stress-free.

💬 Curious how much you could borrow?
Let's talk: [email protected]

Dirección

Avenida Jaime III 1 Entresuelo 2
Palma De Mallorca
07012

Horario de Apertura

Lunes	09:00 - 17:00
Martes	09:00 - 17:00
Miércoles	09:00 - 17:00
Jueves	09:00 - 17:00
Viernes	09:00 - 15:00

Página web

http://mallorcamortgage.com/

Notificaciones

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