Property
Uruguay — Mortgage Availability for Foreigners
Uruguayan banks can lend to foreigners at roughly 50% to 70% loan-to-value, with approval easier for residents with local income.
VerifiedProfessional tax guide — not a government sourceThe Latin Investor, Uruguay foreigner property rights (2026 commercial blog; estimates, not official)Last reviewed: 2026-10-26
Key facts
- Banks can lend to foreigners, but approval is easier with local residence, local income and a Uruguayan bank relationship.
- Typical loan-to-value for foreign borrowers is about 50% to 70%.
- Santander, HSBC and Itau are named as foreigner-friendly; BBVA, Scotiabank and Banco Hipotecario del Uruguay are case-by-case.
- Indicative rate for strong foreign borrowers is UI plus 4.5% to 6.5% a year before fees; foreigner rate grids are rarely published.
- Non-residents should expect more documents, lower leverage and possible refusal.