After working as mortgage brokers in the United Kingdom, we spotted a gap in the market to provide independent whole-of-market mortgage advice to expatriates buying property in Spain and Tenerife and 5 years after launching in Spain, set up TenerifeMortgageBroker.com. Working with many estate agents in Tenerife and mainland Spain we were often asked for a recommendation for an estate agent, something we unfortunately did not want to open ourselves up to. What if the agent was dishonest or unreliable?

Another issue we came across was that a lot of people now search property listings online. Many of these are hopelessly out of date for a start and a good proportion are very old (2 years plus) meaning the prices do not reflect the current market.

This site was set up to provide honest advice about some of the pitfalls of buying and selling in Tenerife. We are inviting some of the better agents we have worked with to submit their “Top 10 Tenerife Properties” which we will list here. Every month these will be updated ensuring our listings are up to date, well priced and reflect the best of Tenerife property. In addition we will continue to add the very best repossessions and distressed sales as we pick them up from banks and developers.

Standard, old, outdated Tenerife Estate Agents model:

• Mortgage arranged by an estate agent who is out of their depth in an ever-changing mortgage market
• Hundreds of out of date, old property listings with unrealistic prices all over their websites
• “In house lawyer” who is may very well be representing the agents interests ahead of your own
• Estate agent offering to do all your legal work (as with them arranging your mortgage – a big no-no)
• Endless sales pitches and spin from your salesman whose former career was in Timeshare (0ver 50% of agents here formerly worked in this crooked industry and have brought what they learned into their new careers)
• Unsafe practices, insistence on deposit/reservation being paid directly to their bank or paid cash
• Zero financial protection should you not obtain a mortgage (Yes – they still take their commission from your deposit!)

What we offer:

• Competitive up to date  Tenerife property listings, repossessions and distressed sales
• 100% mortgages on select repossessed Tenerife property
• Expert mortgage advice (we are the ONLY independent mortgage broker in Tenerife)
• A 100% Guarantee you will not lose your deposit if you do not obtain a mortgage
• All deposits handled by your own lawyer and kept in your lawyers account – not ours
• If you cannot obtain a mortgage and thus cannot buy, we do not make a penny, we do not steal deposits to pay ourselves
• Honest transparent estate agents and a choice of completely independent legal experts
• A website where YOU can leave YOUR feedback and opinion (nothing to hide here!)

We firmly believe we are offering something quite unique and a service which is very much needed in order to drag the Tenerife property market and Tenerife Estate Agents into the 21st Century.