Morfitt Properties Tenerife in association with The Banca March Group.
We are pleased to announce our close association with the Family owned bank, Banca March who are offering a wide range of services. With over 200 Private and corporate Branches throughout Spain. The Solvency of Banca March is one of the highest in the sector on a worldwide level and double of any, average Spanish banks.
They offer an excellent customer commitment which has been their standard ethos since they were founded nearly 100 years ago in 1926. They were voted best private bank in 2012.
Morfitt Properties Tenerife are proud to offer a wide of products with Banca March which range from personal accounts, Investments, pensions very competitive Mortgages for your Tenerife property purchases. The Local branch is a short walk from our office in Compostela Beach (Playa de las Americas) and is situated at the following address. We can book you an appointment or even take you to the door to ask for impartial and free advice.
Terms for a non resident mortgage for a property in Tenerife are as follows;
60% Mortgage (for non resident) Loan to value, with a 15 years maximum.
First year 1.7% to 2.5%
Annual revision. Euribor + 1.5% to 2.3%
Variable APR 2.2%
Early cancellation fee (0% partial) to 0.5% Total.
Amendment fee 1% (Minimum €300)