Archive for April 2016

MORE SPANISH UNCERTAINTY – NEGATIVE EURIBOR RATE

The 12 months Euribor rate used to calculate most mortgage repayments in Spain came in at -0.013 in March 2016. This is obviously terrible news for savers but in the short terms existing borrowers with an annually resetting mortgage product could see their monthly repayments decline by C€12pcm (based on €120,000 over 20 years). Long…

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BULGARIAN BARGAINS

Overseas buyers are now focusing closely on the Balkan state of Bulgaria and in particular the Black Sea coastline. Resorts such as Sunny Beach are growing to rival infamous party resorts such as Magaluf and Malia and other areas of the coast line offer tranquil escapes with beautiful scenery and a fantastic climate.  In winter…

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SWISS- FRANC MORTGAGES IN CYPRUS

EU Property Solutions are assisting borrowers with property in Cyprus that purchased property and were sold a mortgage product in Swiss-Francs rather than Euros. Reading this you are probably as baffled as we are as to why this was but as you will be aware lending processes where “loose” pre 2008. In early 2016 Cypriot…

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