Tenerife Mortgage Advisors

Mortgages in TenerifeTenerife Mortgage Solutions Services

Tenerife Mortgage Solutions can offer the following services to all customers seeking a mortgage in Tenerife:

  • Mortgage pre-qualification form/approval in principle.
  • Selecting appropriate valuation company for valuation required.
  • Introduction to chosen bank with assistance from us in opening of Spanish bank account.
  • Assistance with NIE application.
  • Regular updates throughout mortgage application.
  • Liaising between chosen agent / vendor / lawyer and mortgage provider up to successful completion at the notary's office.

So contact us today to get the best deal on your Tenerife Mortgage.


Mortgages Available in Tenerife

Repayment Mortgages - Up to 80% LTV (LOAN TO VALUE)

Most banks still lend up to a maximum of 80% of the bank valuation for a repayment mortgage. In some cases the valuation will in fact be higher than the sale price. In these cases clients could achieve a 100% loan.

Interest Only Mortgages - Up to 60-70% LTV

Interest only mortgages although popular in the UK have only recently become available in Tenerife. The banks will lend up to 60-70% Loan to value. Interest only mortgages are interesting for clients who want a short term loan.

In some cases banks will offer an interest only option for the first two years of a long term repayment loan.

Equity Release / Cash Out - Up to 70% LTV

If your property in Tenerife has no mortgage you may wish to withdraw some equity from the property. Releasing equity is a product that is only available through certain banks. Some banks will allow equity release to help fund a second purchase in Tenerife or for renovations.

We have lenders who can offer equity release for clients wishing to send the funds back to their home of residence.

Re-Mortgages - Up to 80% LTV

You may wish to cancel your existing mortgage and take out a new loan where we can negotiate better terms and conditions with a different lender. Most clients will re-mortgage their property when looking to increase the loan, the term or switch to an interest only loan.

Building a villa

If you own your plot of land outright the banks will offer up to 80% of the projected value to assist during construction.


  • The maximum term for interest only mortgages is 10 years.
  • The term for repayment mortgages can range from 5 to 40 years.
  • The maximum age at expiry for a non-resident is 75 years of age.