As Tenerife is part of Spain, property in Tenerife is priced in Euros. Something that continually crops up is the subject of Spanish Currency Mortgages and Multi-Currency mortgages in Spain. This is a complex subject and there is a lot of mis-information surrounding the topic. To clear things things up, advice from our Tenerife Mortgages… Read More
Tenerife Property – Buying with Spanish Mortgages pt 2
Now that the purchase contract is taken care of – your money is no longer at risk should the banks let you down at the last moment. Now what? Well now you need to find that mortgage. There are lots of banks in Spain and Tenerife offering mortgages to non-residents so how do you know… Read More
Tenerife Property – Buying with Spanish Mortgages pt 1
Over half of those buying property in Tenerife do so with a Spanish Mortgage. Since the credit crisis this has become far more difficult as the banks have reigned in there lending criteria. The whole process takes much longer and clients who would have easily qualified for a mortgage as little as 12 months ago… Read More
