Mortgage broker in Spain: what we do and what we charge
We find and negotiate your mortgage with several banks at once. Here is, with no small print, what we do, what we don't, what it costs and when it isn't worth it.
Our fees, transaction by transaction
A single range for everything that isn't free. Within it, the exact amount for your case is given to you in writing before we start, and it doesn't change afterwards.
| Transaction | Fees | When and how |
|---|---|---|
| Assessment of your case | €0 | Always free, with no obligation, whether you go ahead or not. |
| Subrogation (switching your mortgage to another bank) | €0 | Free for you: we charge no fees on subrogations. We negotiate with the banks and handle the switch up to signing. |
| New mortgage (home purchase) | €500 to €3,000 | Depending on complexity. Only if the bank issues the binding offer (FEIN). |
| Switching bank with a new mortgage (refinancing) | €500 to €3,000 | Cancelling your current one and signing another. Only with a FEIN. |
| Novation (renegotiating with your bank) | €500 to €3,000 | Depending on complexity. Only if the bank makes an offer. |
Assessment of your case
€0
Always free, with no obligation, whether you go ahead or not.
Subrogation (switching your mortgage to another bank)
€0
Free for you: we charge no fees on subrogations. We negotiate with the banks and handle the switch up to signing.
New mortgage (home purchase)
€500 to €3,000
Depending on complexity. Only if the bank issues the binding offer (FEIN).
Switching bank with a new mortgage (refinancing)
€500 to €3,000
Cancelling your current one and signing another. Only with a FEIN.
Novation (renegotiating with your bank)
€500 to €3,000
Depending on complexity. Only if the bank makes an offer.
What moves the amount within the range
- • The loan amount and the share of the property price financed.
- • Your profile: employee, self-employed, non-resident or income in another currency.
- • The transaction: self-build, several properties or borrowers, existing debts.
- • How many lenders we need to work with to reach a good offer.
When they are paid
When the bank issues the binding offer (FEIN), with the whole process up to signing included. You may withdraw at any time. If the bank declines the transaction or you withdraw before it issues the binding offer (FEIN), you pay nothing; if you withdraw after receiving it, the agreed fees are payable, as set out in the engagement letter.
What some lenders pay
Some lenders, not all of them, also pay us a commission on the transactions we arrange. Before we start, you are entitled to know whether the lender you will sign with pays us one, its amount when known and whether it is deducted from our fees, and to ask us for the commissions paid by the different lenders (Spanish Law 5/2019, art. 35).
Is a broker worth paying for? Do the maths
With a €200,000 loan over 30 years, moving from the median fixed rate in the Spanish market (3.95%) to the best published general fixed rate (3.35%) lowers the monthly payment from €949 to €881: €68 a month, €24,480 over the whole mortgage.
Even at our maximum fee (€3,000), that saving covers it in 45 months.
When it isn't worth it: if your bank already offers you a rate like the best in the market, with tie-ins that suit you, or if you only want to switch bank (that is free with us). The assessment tells you with your own numbers, before you pay anything. Bank rates as published, reviewed in October 2026.
How to check that a mortgage broker is legal in Spain
Spanish Law 5/2019 requires anyone arranging mortgages to be registered with the Bank of Spain or their regional authority, and to tell you in writing, before starting, what they charge and who else pays them. Look up its name or number in the register: if it is not there, it cannot arrange your mortgage.
Our registration: hipotecas.me in the Bank of Spain register (E569). In our experience, 3 to 6 weeks from the moment we have your complete documents to signing. We reply within 24 business hours.
Have more questions? Ask Hipo, our AI mortgage assistant
Start with the free assessment
Buying from abroad? Mortgages for non-residents in Spain. In 87% of the cases we handle we get better terms than the ones banks publish (hipotecas.me internal data).
Frequently asked questions
How much does a mortgage broker charge in Spain?
It depends on the broker: some charge a fixed amount, others a percentage of the loan and others are paid only by the banks. What Spanish law requires of all of them is to tell you in writing before starting (Law 5/2019, art. 35). At hipotecas.me the assessment and subrogation are free, and for other transactions we charge €500 to €3,000 depending on complexity, only if the bank issues the binding offer.
Is a mortgage broker free?
The assessment is, always, and at hipotecas.me so is subrogation. Arranging a new mortgage is not: we charge €500 to €3,000, only if the bank grants it. Be wary of anyone who says everything is free without explaining how they make money.
When are the fees paid?
When the bank issues the binding offer (FEIN), the document in which it commits to lend to you on specific terms. You may withdraw at any time. If the bank declines the transaction or you withdraw before it issues the binding offer (FEIN), you pay nothing; if you withdraw after receiving it, the agreed fees are payable, as set out in the engagement letter.
Does the APR in the bank's offer include your fees?
No. The APR (TAE) in the bank's FEIN covers its interest, its fees and the products it requires to reduce the rate, but not what you pay us. To compare with going to the bank directly, add our fees to the cost of the mortgage.
Do you work with non-residents?
Yes. We work with residents and non-residents buying in Spain, and we assist in Spanish and English. Banks usually lend non-residents a lower share of the property price, so preparing the application well matters more.
How can I check that a mortgage broker is legal in Spain?
Look up its name or number in the Bank of Spain register of real estate credit intermediaries (or its regional register). If it is not there, it cannot arrange mortgages. Ours is E569 and is linked on this page.
Sources and references
About this content
Head of Regulatory Compliance
Published: October 2026
Last updated: Oct 2026
This page is informational and editorial in nature. It explains how the described mortgage conditions typically work and what to review, without guaranteeing results or replacing a lender’s assessment.
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