Spanish mortgages in Balearic Islands.

Palma cathedral seen from the Parc de la Mar, Mallorca

Buying in Balearic Islands

Your property in the Balearic Islands, financed with clarity.

Mallorca, Ibiza, Menorca and Formentera form Spain’s premier island market, and our home turf, with Viva Mortgages Spain based in Palma de Mallorca.

Island properties are highly sought after, and lenders treat established markets like Balearic Islands favourably. A village house, a modern apartment or a rural finca: non-resident financing of up to 60–70% of the property value is typically available, and our team can run the whole process remotely.

We're based in Palma, so Balearic financing is where we have the deepest hands-on experience, including island-specific quirks like rústico land classifications that catch out buyers of countryside fincas. Mallorca, Ibiza, Menorca and Formentera each have distinct lending appetite among the banks we work with.

Wherever in the world you're based, our team compares terms across 15+ Spanish lenders, negotiates on your behalf, arranges your property valuation, and stays with you and the bank right through to completion.

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A local cost to know

8% Typical ITP on a resale home

Resale homes in Balearic Islands carry a regional property transfer tax (ITP) of around 8% of the purchase price. New-build homes pay 10% VAT plus stamp duty instead. Treat this as a general guide: the exact rate depends on the price, your circumstances and current regional rules. We confirm the precise figure for your purchase.

Where we help in Balearic Islands

Popular areas with our clients.

We arrange financing across the whole of Balearic Islands, including Palma de Mallorca and these popular areas:

Palma Ibiza Town Pollença Santanyí Mahón
60–70%

Loan-to-Value

Non-residents can typically borrow up to 60–70% of the property value, with terms up to 25 years depending on age and profile.

14-day

Bank Pre-Approval

Once your documents are submitted in full, we work with the bank to deliver a written pre-approval within 14 days. That is a strong card when negotiating in Balearic Islands.

15+

Lenders Compared

We approach 15+ Spanish lenders on your behalf and present the best options for your profile. 100% independent advice.

Common questions

Mortgages in Balearic Islands, answered.

Yes. Non-residents from most nationalities can secure a mortgage to buy property in Balearic Islands, typically borrowing up to 60–70% of the property value with terms up to 25 years depending on age and profile. We work with 15+ Spanish lenders to find the best terms for your situation.
Plan for a deposit of 30–40% of the property value, plus roughly 10–13% for purchase costs (transfer tax, notary, land registry and legal fees). We provide a precise breakdown for your target property during your free consultation.
Yes. That is our speciality. Our multilingual team manages the entire mortgage process remotely for buyers in 10+ countries, from document preparation to liaising with the bank on your behalf, wherever you're based.
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Nearby & further afield

We work across all of Spain.

Andalusia Aragon Asturias Basque Country Canary Islands Cantabria Castile and León Castilla-La Mancha Catalonia Extremadura Galicia La Rioja Community of Madrid Region of Murcia Navarre Valencian Community All areas we cover

Ready to take the next step?

Let's finance your home in Balearic Islands.

Book a free, no-obligation consultation. We’ll assess your situation and show you exactly what’s possible.

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Turquoise cove with pine-covered cliffs in Mallorca