FREQUENTLY ASKED QUESTION ABOUT TENERIFE MORTGAGES

Can you arrange adverse or bad credit mortgage - No

I am self employed, can I self certify my income as I do not have any accounts available. No you cant self certify your income but some lenders are more flexible depending on how much the property is worth and how much you are borrowing.

I have found a property I want to buy and the Estate Agent has said it has a bank valuation of €300,000, how much can I borrow? This depends on your circumstances and income. Assuming these are suitable for the lender you would be able to borrow in the region of €255,000.

Do lenders work on the purchase price or valuation figures in Tenerife. - Some work on purchase price and some on valuation.

Can you arrange to refinance my house in England? - No, we can only arrange finance for you in Tenerife.

I need to release some equity in my Tenerife property, can you arrange this? - Yes we can remortgage your property in Tenerife for you to raise additional capital

I need to keep my costs down, can you organise interest only mortgage? - Yes we can for up to 25 years.