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How to obtain a mortgage in Tenerife

Here at Venli we work with various banks and can obtain Spanish mortgages very easily, up to 70% for non residents and 80% for residents. In some cases a higher percentage can be obtained all depending on the individual financial situation.

Venli Estate Agents - MortgagesMortgage Costs

*The average Interest rate is 2.75% - 3.5%
*Opening Charges 1% - 1.5%
*Cancellation Charges 1% - 1.5%
(*Please note these do vary)
Valuation Costs €200 - €300

Information required to apply for a mortgage are:

If the person is employed:

  • Copy of passport
  • P-60
  • Private sales agreement
  • 3 months bank statements of all accounts
  • Proof of ownership of any other properties and breakdown of existing mortgages
  • 3 payslips

If the person is self-employed:

  • Copy of passport
  • Last 2 years accounts
  • Last 6 months bank statements of all accounts
  • Private sales agreement

For further information on mortgages please contact our Sales Department