One of the phrases we hear most when someone wants to buy a property is:<\/p>\n\n\n\n
\u2018I\u2019ve been told that I can\u2019t buy until I\u2019ve saved up 20%.\u2019<\/strong><\/p>\n\n\n\n The reality is that this is not always the case.<\/strong>.<\/p>\n\n\n\n Although most financial institutions usually lend up to 80% of the purchase price or valuation\u2014whichever is lower\u2014there are situations where it\u2019s possible to access higher financing.<\/p>\n\n\n\n It will depend on your financial profile, the property and the risk policy of each bank.<\/p>\n\n\n\n In Spain, it is common for institutions to grant a mortgage of up to 80% of the value of a property intended as a primary residence.<\/p>\n\n\n\n This means the buyer must contribute the remaining 20%, as well as having the funds needed to cover purchase costs such as taxes, notary fees, registry or valuation.<\/p>\n\n\n\n This is not a legal obligation but a common practice by institutions to reduce the risk of the transaction.<\/p>\n\n\n\n Yes, in certain cases.<\/strong><\/p>\n\n\n\n Although each transaction is assessed individually, some profiles may have access to financing exceeding 80%.<\/p>\n\n\n\n Some examples are:<\/p>\n\n\n\n The final decision will always depend on the analysis carried out by the financial institution.<\/p>\n\n\n\n The ICO Guarantee programme remains one of the main aids to facilitate access to first homes for young people and families with dependants who meet the established requirements.<\/p>\n\n\n\n It is important to understand that the ICO does not grant the mortgage<\/strong>. What it does is guarantee part of the operation so that the financial institution can consider financing above 80%, provided that it approves the viability study.<\/p>\n\n\n\n Furthermore, some requirements have recently been expanded and the guarantee line will remain available until 2027.<\/p>\n\n\n\n \ud83d\udc49 Discover all the changes of the ICO Guarantee:<\/strong><\/p>\n\n\n\n ICO Guarantee 2026: new requirements to buy your first home with up to 100% financing<\/a><\/p>\n\n\n\n One of the most common mistakes is thinking that if you have not yet saved the 20% deposit, you must automatically give up on buying a home.<\/p>\n\n\n\n The reality is that there are many variables influencing a bank\u2019s decision and each institution applies different criteria.<\/p>\n\n\n\n Therefore, before ruling out the purchase, it is worth studying your case and knowing which mortgage options you actually have.<\/p>\n\n\n\n Savings are important, but not the only aspect a financial institution examines.<\/p>\n\n\n\n Among the main factors they assess are:<\/p>\n\n\n\n In short, the bank conducts an overall risk assessment before approving an operation.<\/p>\n\n\n\n A common mistake is starting to visit properties without really knowing how much you can afford.<\/p>\n\n\n\n Knowing your purchasing power from the outset will help save time, negotiate with confidence and focus only on properties that fit your budget.<\/p>\n\n\n\n You don\u2019t have to wait to meet with a bank for this.<\/p>\n\n\n\n At Hipotea, we provide several free tools so you can make a first estimate in just a few minutes.<\/p>\n\n\n\n With our Mortgage Payment Calculator, you can find out the approximate monthly payment based on amount, term and interest rate.<\/p>\n\n\n\n \ud83d\udc49 Calculate my mortgage payment<\/a><\/p>\n\n\n\n Our Maximum Price Calculator estimates the approximate property price you could afford based on your income and expenses.<\/p>\n\n\n\nWhy do banks normally finance up to 80%?<\/h2>\n\n\n\n
So... is it possible to get a mortgage above 80%?<\/h2>\n\n\n\n
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What happens with the ICO Guarantee?<\/h2>\n\n\n\n
Having little savings does not mean you cannot buy<\/h2>\n\n\n\n
What does a bank analyse before granting a mortgage?<\/h2>\n\n\n\n
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Knowing your purchasing power is the first step<\/h2>\n\n\n\n
Calculate how much your mortgage payments would be<\/h3>\n\n\n\n
Find out the maximum property price you can afford<\/h3>\n\n\n\n