View Full Version : How do banks in Tenerife calculate Mortgage eligibility?

31-07-2013, 14:22
Hi all,

I do hope this is the correct place for this post. I have been searching and doing a lot of investigating about buying a property.
I believe that the mortgages are different than in the UK, in the UK it is a multiple of your gross salary, but I believe it is based on your free income in Tenerife.
My question is, what do the banks take off from your income to work out your free income? And with the free income what do the banks multiply this figure with to give you an idea of how much your able to borrow?