Mortgages in Spain
Mortgages
can be secured on residential properties in Tenerife, without affecting
your UK property, Tenerife Property World work with several of
the major financial institutions here, in the UK and Gibraltar.
As a non
resident you can normally take a mortgage of up to 75% of the value of
the property with repayments over 10,12,15 or 20 years.
Applications
are not complicated, you will be required to fill in a simple form and
provide a few documents, under normal circumstances you will receive an
initial answer to your application within 3-5 working days.
The tables
below show the monthly payment per million pesetas borrowed, with
respect to the length of the repayment term and current interest rate.
|
Years |
4% |
4.5% |
5% |
5.5% |
6% |
6.5% |
7% |
7.25% |
7.5% |
|
1 |
85,150 |
85,379 |
85,607 |
85,837 |
86,066 |
86,296 |
86,527 |
86,642 |
86,757 |
|
2 |
43,425 |
43,648 |
43,871 |
44,096 |
44,321 |
44,546 |
44,773 |
44,886 |
45,000 |
|
3 |
29,524 |
29,747 |
29,971 |
30,196 |
30,422 |
30,649 |
30,877 |
30,9921 |
31,106 |
|
4 |
22,579 |
22,803 |
23,029 |
23,256 |
23,485 |
23,715 |
23,946 |
24,062 |
24,179 |
|
5 |
18,417 |
18,643 |
18,871 |
19,101 |
19,333 |
19,566 |
19,801 |
19,919 |
20,038 |
|
6 |
15,645 |
15,874 |
16,105 |
16,338 |
16,573 |
16,810 |
17,049 |
17,169 |
17,290 |
|
7 |
13,669 |
13,900 |
14,134 |
14,370 |
14,609 |
14,849 |
15,093 |
15,215 |
15,338 |
|
8 |
12,189 |
12,423 |
12,660 |
12,899 |
13,141 |
13,386 |
13,634 |
13,758 |
13,884 |
|
9 |
11,041 |
11,278 |
11,517 |
11,760 |
12,006 |
12,255 |
12,506 |
12,633 |
12,761 |
|
10 |
10,125 |
10,364 |
10,607 |
10,853 |
11,102 |
11,355 |
11,611 |
11,740 |
11,870 |
|
12 |
8,755 |
9,000 |
9,249 |
9,502 |
9,759 |
10,019 |
10,284 |
10,418 |
10,552 |
|
15 |
7,397 |
7,650 |
7,908 |
8,171 |
8,439 |
8,711 |
8,988 |
9,129 |
9,270 |
|
18 |
6,502 |
6,763 |
7,030 |
7,303 |
7,582 |
7,866 |
8,155 |
8,302 |
8,450 |
|
20 |
6,060 |
6,326 |
6,600 |
6,879 |
7,164 |
7,456 |
7,753 |
7,904 |
8,056 |
|
25 |
5,278 |
5,558 |
5,846 |
6,141 |
6,443 |
6,752 |
7,068 |
7,228 |
7,390 |
|
30 |
4,774 |
5,067 |
5,368 |
5,678 |
5,996 |
6,321 |
6,653 |
6,822 |
6,992 |
We Also have
a range of
Banking Services
available to
our clients.
|
