10 Answers

Moving to Lanzarote, mortgage and schools in Costa Teguise ?

Asked by: 26th June 2013

Hey everyone, I have decided to move over to Lanzarote next year with my fiancee and young son. We are both 28 and my son is 3, I work overseas (Afghanistan) and having weighed up our options, we have grown increasingly tired of the UK. Overpriced houses, A flood of immigrants and lack of job prospects are our main reasons. We are going to rent a place for 6 months initially before buying (lets us settle and make sure it’s for us before commiting to a mortgage) I just need a little advice, Financially we are good and deposits etc are not an issue but I would like to know where/who is the best company/bank to obtain a mortgage with, also schools, my son will be starting school next summer and I am looking for anyone who can recommend a good school in Costa Teguise for him. He is a quite smart little boy and my fiancee is taking him to Spanish classes at the minute (she is fluent already). Any advice would be much appreciated. Thanks

 


10 Answers



  1. David myers on Jun 27, 2013

    Hi James just one thing seems to hit me you state that deposits are not a issue (great) but being able to get a mortgage may not be that easy I would think you would have to show you have been earning a income for say 12 months because I think things are in a worse state there than here do you have job to go to ?
    If your going out there to find work that’s a hard one



  2. Paul D on Jun 27, 2013

    Hiya James…

    I think your doing the right thing in trying to find out as much info as you can before taking the plunge. . It is a huge step.

    I would suggest you take a look and flick through the Lanzarote Gazzete magazine online which is full of interesting info regarding houses for sale and also estate agent adverts and info regarding schools and mortgage advisors/companies etc.

    It is a general current affairs magazine aimed at the Brits but it is full of info that maybe useful to you in your research..

    This is the link.

    http://thegazettelive.com/

    Hope it helps. . .

    Also , , you could speak to Charles Wilock at Exclusive Villas who i have found to be very knowledgable about buying property in Lanzarote , having done it several times for himself and also acting on other peoples behalf..
    Nice approachable chap too.. He lives in Playa Blanca.

    http://www.exclusivevillaslanzarote.com/aboutus.aspx



  3. david charles hind on Jun 27, 2013

    Spot on dave,job prospects will be a major problem,depends what do for a living.Carpet laying is a no no for instance.I wish you the best of luck,i love CT,but only for holidays



  4. David myers on Jun 27, 2013

    That’s a good one carpet fitter still laughing



  5. Tom Iles on Jun 27, 2013

    You may laugh but I actually had carpets fitted in the bedrooms in my villa many years ago. Problem was, when I wanted to take them up I discovered the fitters must have used superglue to fix them. Talk about shxx to a blanket. Still very funny though dch, carpet fitters on Lanzarote are akin to being a professional Father Christmas.



  6. James on Jun 28, 2013

    Hey again, as for jobs for myself, not an issue. The work I do overseas can’t run out unless we achieve world peace. Even obtaining a job wouldn’t be an option, it simply couldn’t match what I make now. My fiancée and son would be in Lanzarote fulltime, with a couple of trips home to the UK a year, I would be away on much shorter rotations than I am used too, 4 months away 3 weeks at home would change to 6 weeks/3 weeks. So as for financial aspects of the move, there is no issue. Even when we are there, work isn’t going to enter my mind. The Language barrier isn’t a huge thing either, as I’m aware there is a large British contingent over there already, my fiancée is fluent in Spanish and my son is at the right age to learn too. I am really just looking at relaxing when I’m there, continuing to do my job as it stands and retiring at 30 lol. Thanks for the link to the magazine, I shall check it out later today.



  7. Paul D on Jun 29, 2013

    Hi James ..
    I went back and read your question a few times and realised that you said you “work” overseas rather than “Worked”. . . Your either a soldier or a contractor working there so god bless you and stay safe !
    As for having a place to relax , , i think you couldnt have picked a better place and im positive all the rest of us here would agree on that point alone. lol
    I guess the only things you do need to find out are the banks ,,,the schools as you say and the regular flights out for your destination of work , but im sure its just a case of getting a flight back to the UK , and then onwards with your unit etc ,, Sorted !,,,lol
    Banking wise ,,, Im wondering if it maybe worth approaching Santander in the UK for advice ? They are separate entity from the Spanish arm but they might be able to point you in the right direction and give you some spanish contacts etc .. Just a thought..

    As i said before ,,Good luck and be safe.



  8. James on Jun 29, 2013

    Thanks Paul, your advice is much appreciated, as for staying safe, we are well looked after, what’s seen on the news isn’t too close to the truth if I’m honest. We travel through Dubai so flights are easy enough also. I’ll look into Santander and see what they recommend. It’s took us 18 trips over 3 years to decide on Lanzarote and I think it’s the right choice. Gran Canaria and Tenerife were great too but Lanzarote seems the most relaxed, I don’t know enough of Feurteventura to comment on that (we have only been over on the ferry a few times) or the smaller islands. Mainland Spain didn’t have the right vibe either. We may have just been in the wrong places though. It’s definitely an exciting time, Just need to survive till my next R&R and we are good to go. Again, thank you.



  9. Paul D on Jun 29, 2013

    James…

    Just found this link for you,,

    Could well be invaluable ..

    http://www.euroresidentes.com/Property/faqs/spanish_banks_mortgage.htm



  10. barbara on Jun 29, 2013

    hi james check this link out for estupendo http://www.grupoestupendo.com/ when we moved to costa teguise they helped us with all sorts of questions we had and intruduced us to the right people we back in the u k now i wish i was moving back to ct good luck