Buy direct from the owner? Great idea or not so clever?

Buying direct from the owner is one way many purchasers choose to buy property in Tenerife. There are a number of advantages: You speak directly to the owner, not through an intermediary You can arrange your own visits to suit your schedule – not the estate agents The price is usually lower – in some… Read More

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

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