Mortgages in Tenerife – reduce your payments by half

Mortgage rates in Tenerife look set to drop following the recently announced ECB (European Central Bank) rate cuts on 4th December. The ECB cut the base rate from 3.25% to 2.5% as a measure to lower inflation across the 15 countries that use the interest rate. It is the largest rate cut since the inception… Read More

Bars for sale in Tenerife, Be very careful!!!

Bars for sale in Tenerife! A popular advertisement all over the internet and a popular search on the internet – Bars for sale in Tenerife…. Many expatriates dream of relocating to Tenerife, maybe buying a bar in Tenerife or doing some part time work – just enough to be “comfortable”. They figure a nice bar,… Read More

Spanish Currency Mortgages in Spain and Tenerife

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