Tenerife Mortgages

Obviously to buy property in Tenerife, you are going to need to arrange a Tenerife mortgage. Lupain can arrange mortgages with a number of Spanish banks and the table below has been designed to give you a guideline as to the cost per month of a mortgage.

The figure quoted is per 5,000 Euros borrowed.

Mortgages in Tenerife are available for both residents and non-residents of the Canary Islands, a bank here will lend up to 60% of valuation. We would point out that banks here do not value the same as in other countries and therefore the valuation figure might not reflect the actual purchase price.

You will need to provide the bank with proof of your income and outgoings to show that you will be able to meet the repayments. This is usually in the form of tax returns or business accounts for the previous 3 years.

Your Spanish property will be held as security against the loan, and a charge will be registered in the Property Registry.

Interest rate	Period of Loan (Euros)
Interest rate	10 Years	11 Years	12 Years	15 Years	20 Years	25 Years
3.50%	49.45	45.70	42.60	35.75	29.00	25.05
3.75%	50.05	46.30	43.15	36.35	29.65	25.70
4.00%	50.65	46.90	43.80	37.00	30.30	26.40
4.25%	51.20	47.50	44.40	37.60	30.95	27.10
4.50%	51.80	48.10	45.00	38.25	31.65	27.80
4.75%	52.45	48.70	45.65	38.90	32.30	28.50
5.00%	53.05	49.35	46.25	39.55	33.00	29.25
5.25%	53.65	49.05	46.90	40.20	33.70	29.95
5.50%	54.30	50.60	47.50	40.85	34.40	30.70
5.75%	54.90	51.20	48.15	41.53	35.10	31.45
6.00%	55.50	51.85	48.80	42.20	35.85	32.25

This is only a guideline and is subject to individual criteria and currency fluctuations.

If you would like to receive additional Tenerife mortgage information, please complete the form below. However if you wish to receive a detailed quotation from all of our lenders please click here for a more comprehensive quotation. Thank You.

Contact Details:
Telephone Number:        (0034)922 796 527
UK Telephone Number:  0871 781 0014
Fax Number:                  (0034)922 787 278
Email Us:                         info@lupain.co.uk

Our Address:
Lupain Properties S.L.
Edificio Cristian Sur L-6
38650 Los Cristianos
Tenerife, Islas Canarias, Spain

INVESTING IN TENERIFE

Investing in Tenerife

If you are seriously thinking about investing in property in Tenerife then here at Lupain we have more...

All about tenerife

Investment periods are generally for between 15 and 18 months and the profit return in normal more...

Click here to find out more

PAPERWORK

Spanish Property formalities

Buying Tenerife property is a very different process to buying property in the United Kingdom and many other European countries more...

What is the first step?

Once your offer is accepted, a deposit of 10% will be requested more...

Click here to find out more

SEARCH PANEL

Type:

Price:

Bedrooms:

Location:

Or:

> Apartment for sale in Tenerife

> Villas for sale in Tenerife

> Houses for sale in Tenerife

> Buying a business in Tenerife guide
> Business for sale in Tenerife

> Los Cristianos property information
> Properties in Los Cristianos

> Cape Verde property information
> Properties in Cape Verde

Tel: +34 922 796 527 • UK Telephone Number: 0871 781 0014 • Fax: 922 787 278 • email: info@lupain.co.uk
• Lupain Properties S.L. Edificio, Avenida Amsterdam, Cristian Sur L-6, Los Cristianos 38650, Tenerife, Spain
Copyright © 2007 Lupain. All rights reserved

	*name:
	*e-mail:
	phone:
	mobile:

*compulsory fields