Spain Mortgages 2026: What Every Foreign Buyer Must Know, with Mike Brady

Mortgage specialist Mike Brady of Finance Consulting Group returns to the NuSun Network for a no-nonsense deep dive into everything international buyers need to know about financing a property in Spain in 2026. From getting pre-approved before you find a property, to the one document (NIE number) that can make or break your timeline, Mike covers the full picture in plain English. In this episode you'll learn: Why Spain's mortgage process is still very analogue (and what that means for you) How much you can actually borrow as a UK, Irish, or Dubai buyer, Fixed mortgage rates for foreign buyers right now (hint: lower than you think), The critical difference between Spanish and UK equity release rules, What bare ownership is and why retiring expats are using it, How bridging finance works in Spain for smaller loans, Why Dubai buyers are flooding into the Spanish market right now Mike also shares the new mortgage calculator at financeconsulting.es so you can run your own numbers before your first call. 🏡 Buying on the Costa del Sol? Visit nusunrealty.com or book a free discovery call with Chris Cassidy. Timestamp: 0:00 Introduction & Why Spain's Mortgage System is Different 0:39 Meet Mike Brady – Finance & Mortgage Specialist 2:10 The Analog Nature of Spanish Banking 5:00 Pre-Planning & Why Pre-Approval Matters 9:40 Required Documentation (Passport, NIE, Bank Statements) 12:52 The Critical NIE Number – 4-6 Week Timeline 16:45 Mortgage Underwriting Assessment 19:28 Realistic Application Timeline 25:12 Spanish Banks & How Many to Approach 28:45 Loan-to-Value by Country (UK vs Dubai vs Others) 34:00 How Much Deposit You'll Need 36:08 Current Interest Rates in Spain 2026 39:50 Home Insurance Requirements & Discounts 44:31 The Full Service Approach to Mortgages 49:26 Alternative Finance Products – Bridging Loans 52:45 Bare Ownership Agreements Explained 56:44 Why You Can't Easily Access Equity in Spain 1:02:00 Refinancing vs Switching Lenders 1:05:28 Can You Refinance After Improvements? 1:09:15 Why Refinancing is Difficult in Spain 1:12:48 Global Events & Market Impact 1:15:28 2026 Trends – Dubai & Middle East Migration 1:20:16 Why Dubai Buyers Should Consider Mortgages 1:23:44 Capital Efficiency & Tax Benefits 1:25:12 How to Get Started – Contact & Tools 1:27:08 Finance Consulting Website & Calculator 1:28:45 Partner Referral System & Resources 1:30:15 Closing Remarks & Next Steps 🏡 Thinking of buying property in Spain? 👉 Book a free discovery call with Chris: https://calendly.com/chris-nusunrealty/discovery-call?month=2026-05 🌐 Browse luxury homes: https://www.nusunrealty.com Send us Fan Mail NuSun Realty NuSun Network