Foxes

Foxes: mortgages and property purchase in Spain for international buyers

Foxes is a mortgage and legal advisory firm based in San Pedro de Alcántara, in the province of Málaga, operating under the company name Rapido Finance & Legal SL. It is registered as a mortgage intermediary regulated by the Bank of Spain under number D470 and states it has been serving international buyers since 2015. Its approach combines, within the same team, financial intermediation and legal services related to buying a property in Spain.

Financing for residents and non-residents

The company works with the main Spanish banks and offers access to mortgages for residents and non-residents, both for employed and self-employed workers and those receiving pension income. According to published information, non-residents typically obtain financing of between 60% and 70% of the valuation or purchase price, whichever is lower, although some lenders reach 80% for strong profiles. Residents can usually reach 80%, and sometimes more for first-time buyers. The firm indicates that rates for non-residents are similar to those for residents at most of the lenders it works with.

Foxes notes that several Spanish banks accept income from UK public or private pensions as the main source of affordability, provided it is documented and stable, and mentions such transactions on the Costa del Sol, Costa Blanca and Mallorca. It also serves buyers from the United Kingdom, Ireland, Germany, the Netherlands, Sweden, Norway, the United States, the United Arab Emirates, Hong Kong and Australia, among other markets.

Legal and conveyancing services

The legal team, made up of lawyers specialising in Spanish property, handles due diligence, review of purchase contracts and land registry registration, acting independently of the developer or seller. The firm also processes the NIE, the tax identification number for foreigners, and offers advice on residency and taxation. The company presents these legal services as a complement to the mortgage service so that the file is not fragmented among different providers.

Valuations and property search

Foxes manages independent valuations carried out by accredited Spanish valuation companies, a common requirement for loan approval and a useful tool in price negotiation. It also offers a property location service that, based on ten questions, suggests three areas that match the buyer's profile.

Tools and application process

The website offers users several free calculators without registration: a pre-qualification one that estimates borrowing capacity in sixty seconds, a monthly payment and total cost calculator, a purchase costs calculator by region and an interactive FAQ guide. The described process is divided into four stages: eligibility check, secure document submission, legal due diligence and signing before a notary with handover of keys. The company indicates that eligibility feedback is usually available within two to three working days and that the typical time between signed offer and handover of keys is six to ten weeks.

Costs, regulation and service

As a rough guide, Foxes advises budgeting an additional 10% to 12% on top of the purchase price for taxes, notary, registry, legal fees and mortgage costs, a figure that varies depending on the autonomous community and whether the property is new build or resale. The firm states it does not apply hidden charges and publishes its fee structure. It serves its clients through an identified personal advisor, without call centres or chatbots, and offers application tracking through a private dashboard. The company also maintains a partnership programme with estate agents and advisers, to whom it provides a calculator for their own websites.

Location and contact

Avda. Virgen del Rocio s/n, 29670 San Pedro de Alcantara, Malaga · Phone: +34 951 822 857 · Email: support@foxes.es · Hours: Monday to Friday: 09:00-18:00