Mortgage advisor in Palma
Mortgage specialists in Palma de Mallorca
If you are looking for a mortgage advisor in Palma to help you get the best mortgage, negotiate with banks and accompany you throughout the process, here you will find a professional, transparent and 100% personalised service.
Having a mortgage advisor in Mallorca who specialises in the local market makes all the difference when it comes to obtaining favourable terms, avoiding mistakes and saving thousands of euros over the life of the loan.
More than 700 satisfied customers
A mortgage advisor in Palma negotiates your mortgage with several lenders at once, instead of you going bank by bank. In a city where the price of second-hand housing passed €5,200 per square metre in June 2026 —an all-time high and around 86% above the Spanish average— the gap between the first offer and the best one is measured in tens of thousands of euros over the life of the loan. The first consultation is free.
WITH WHOM WE WORK
We only work with the best banks, including:
Why hire a mortgage adviser in Palma?
The mortgage market in Palma is particularly complex due to high demand, the presence of foreign buyers and the diversity of financial profiles. A local mortgage adviser knows the actual policies of banks in the area and how to tailor each transaction to the client’s profile.
A mortgage adviser in Palma acts as an intermediary between you and the financial institutions, defending your interests from the initial assessment to the signing before a notary.
Mortgage advisory service in Palma de Mallorca
We offer a comprehensive mortgage advisory service in Palma, tailored to both residents and non-residents and foreigners who wish to purchase property on the island.
Our work includes:
- Personalised financial analysis
- Mortgage feasibility analysis
- Comparison between banking institutions
- Negotiation of terms and conditions
- Review of clauses and documentation
- Support until signing
Mortgages in Palma for residents
If you are a resident of Spain and want to buy a property in Palma, we can help you obtain the best possible financing for your profile, optimising interest rates, terms and conditions.
The aim is for you to obtain a mortgage that suits your current and future situation, with clear terms and conditions and no surprises.
Mortgages in Palma for non-residents and foreigners
Palma de Mallorca is one of the most sought-after destinations for international buyers. Obtaining financing as a non-resident requires a specific approach and knowledge of how banks operate.
As mortgage advisors in Palma, we handle transactions for non-residents and foreigners who wish to purchase property on the island, preparing the necessary documentation and negotiating with institutions that offer this type of mortgage.
Areas of Palma where we offer mortgage advice
We provide mortgage advisory services throughout Palma de Mallorca, including the city centre, Santa Catalina, El Terreno, Portixol, Molinar, Son Vida and Playa de Palma, tailoring each transaction to the characteristics of the property and its surroundings.
Advantages of having a mortgage advisor in Palma
Working with a specialist mortgage adviser in Palma allows you to save time, reduce risks and access better banking conditions thanks to proper financial planning.
Having the support of a mortgage adviser in Mallorca provides peace of mind and security when making one of the most important decisions of your life.
Choose date and time
I offer you a no-obligation appointment to analyze your economy and help you achieve your goals.
Frequently asked questions about mortgages in Palma de Mallorca
How much does it cost to buy a home in Palma de Mallorca in 2026?
In June 2026 the average price of second-hand housing in Palma was around €5,257 per square metre according to the idealista index: an all-time high and roughly 86% above the national average, which stands at €2,823. For a 90 m² flat that works out at about €470,000 at the city average, with enormous differences between neighbourhoods.
How much money do you need saved to buy a home in Palma?
The rule of thumb is still 30%: around 20% as a deposit, because banks usually finance up to 80% of the lower of price or valuation, plus 10-12% for taxes and costs. On a €400,000 property in Palma that means roughly €120,000 available before signing. There are exceptions to the 80%, but they are negotiated case by case.
What taxes do you pay when buying a second-hand home in Palma?
In the Balearic Islands transfer tax is progressive by band: 8% up to €400,000, 9% up to €600,000, 10% up to €1,000,000, 12% up to €2,000,000 and 13% above that. Each band is taxed at its own rate; a single rate is not applied to the whole price. Reduced rates of 4% and 2% exist for a main residence depending on age, disability or large-family status.
Is there any relief for young people buying their first home in the Balearics?
Yes. The Balearic Islands apply a 100% relief on transfer tax for the first main residence of buyers under 30, and also for people with a disability of 33% or more, provided the income and property price requirements are met. It is worth checking before signing: it is a saving of thousands of euros that many people discover too late.
Is it harder to get a mortgage in Palma as a foreigner or non-resident?
Not harder, but different: Spanish banks typically finance around 60-70% of the value for a non-resident, against the usual 80% for a resident, and ask for more documentation from the country of origin. In Palma it is an everyday transaction, and we have a dedicated guide to mortgages for foreigners and non-residents with the detail.
