Why use a broker?
As brokers, we are experts in what we do. We select your mortgage according to your specific situation.
- Perhaps you have a bad credit score in the UK
- Maybe you already have a mortgage in Spain and are making a second purchase
- It may be that you simply do not fit the regular mortgage criteria and require a specialised product.
In all these cases we can help you avoid the banks who will simply waste your time. Unfortunately estate agents will usually take you along to the bank they like to work with regardless of how good this banks mortgage products are or how suitable they are to your needs.
No bank wants to tell you that you are not eligible – even if they believe that is the case. Normally they will ask for your documentation- bank statements, credit files etc, so they can make a final decision. Once they have all of this and you have paid for a valuation, they will give you their verdict. If they turn you down at this point, you have wasted time, money and possibly lost the property you wanted to purchase. It is normally at this point estate agents call us in to help.
Don´t make this costly mistake. We can gather all of your documentation, conduct a full review of your circumstances and quickly advise you which banks and products you qualify for. From these products we can then select the most suitable product based on price and features.
Consider this, if there are 40 mortgage products to choose from, what are the chances of your estate agents choice of bank being the right one for you? One in 40? which is 2.5% success rate! Or to put it another way they are going to get it wrong 97.5% of the time.
You wouldn´t ask your local mechanic to cut your hair, don’t let your estate agent make a mess of your mortgage!
Contact us now if you would like qualified, professional advice about Spanish mortgages and products in Tenerife and Spain.
