Banks & Mortgages

In Tenerife there are representatives of different European banks (Lloyds ,Barclays, Santander, Deutsche bank, etc..) where non-residents can obtain up to 70% of mortgage at the rate  of 5.0%-5.5%.
On applying for mortgages with a Spanish Bank in Tenerife you will need the following documents:
If you are employed you will need the following documents:

✓Photocopy of your passport.

✓ Last three months wage slips.

✓ Last P60.

✓ Last three months bank statements.

✓ Credit Report (e.g. Experian).

✓ Documents showing any other source of income or assetts, ie. Mortgage, stocks, shares, savings.

If you are self employed you will need the following documents:

✓ Photocopy of your passport.

✓ Last three months bank statements

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✓ Last Tax Return. (company & private).

✓ Credit Report (e.g. Experian).

✓ Last three company bank statements (if applicable).

✓ Last company Audited Accounts (if applicable).

✓ Last company balance (if applicable).

✓ Certificate of incorporation (if applicable).

✓ Documents showing any other source of income or assetts, ie. Mortgage, stocks, shares, savings