The starting figures
| Property price or assumed value | £750,000 |
|---|---|
| Loan requested or current balance | £525,000 |
| Contribution to the price | £225,000 |
| Loan-to-value | 70% |
The situation
An employee living in Madrid wants to explore a £750,000 UK home purchase, contributing £225,000 towards the price and requesting £525,000 borrowing. Salary and savings are in euros. The planned use of the home and the applicant’s residence during the application must be established before a lender route is assumed.
Check the route before fixing the transfer budget
First confirm whether the actual residence, nationality and property use can be considered. Spain is on some lenders’ restricted-country lists; an expat product name is not an eligibility decision. Then reconcile employment income and Spanish tax evidence, and build a sterling completion budget including costs outside the price contribution.
What a currency change does to the contribution
Using invented exchange rates purely to illustrate the arithmetic, £225,000 requires €270,000 at €1.20 per £1. At €1.26 per £1 it requires €283,500: €13,500 more, before transfer charges. These are not live rates. Converting earlier changes the currency exposure but does not establish mortgage eligibility or make a purchase risk-free.
What could change the plan?
What happens if the available lender route requires a larger contribution, or the purchase takes longer than expected? Rework the funding and timing before making an irreversible commitment.
Read the Spain preparation guide and sources · Larger mortgage planning · Browse all scenarios
Discuss your own circumstances ↗
Prepared for Jack Cousins, 9 November 2026. All people, circumstances, values and exchange rates in this example are invented. No approval, lender attribution or completed transaction is claimed. Eligibility, costs, evidence and the regulated advice process require an individual assessment.