Archive for August 2017

What’s happening in Cyprus and how will it impact Britons?

What’s happening in Cyprus? The sun-drenched Mediterranean island of Cyprus may be a welcome destination to holiday on if you enjoy the character of Paphos or the sophistication of Greek Nicosia. Even on the Turkish side of the island, the north, foreign villas are relatively cheap—even if marred by occasional blackouts and power cuts. However,…

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Beware of the ticking time bomb of interest-only mortgages

For immediate release Beware of the ticking time bomb of interest-only mortgages, warn EU Property Solutions With the news that many people are reaching the end of their mortgage repayment terms without the cash to pay off the rest of their interest-only mortgages[1], EU Property Solutions are warning that the situation could get worse for…

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What happens to Spain’s incomplete developments

What happens to Spain’s incomplete developments All over Spain, there are thousands of abandoned houses, a consequence of the incredible boom and bust of the Spanish property market.  Some were half-built and then left by construction workers at the height of the financial crash when their companies could no longer pay them; others had just…

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Has my lender sold my loan on?

Has my lender sold my loan on? This may be your first question if you find that EU property debt is pursuing you through the UK systems. Many lenders will sell debt contracts on so they can recoup some money immediately, but you will still be liable to pay the debt to whoever has the…

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Financial Difficulty due to Negative Equity abroad??

Is your property abroad putting you in serious financial difficulty? Is your ‘home in the sun’ having serious implications on your current financial situation, causing stress or worse, impacting on your health and quality of life? To revisit an earlier blog we published, the fact is, many people who purchased in Spain and across other parts…

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Debt Write-Off- Caseras Del Sol, Spain

Debt Write-Off- Caseras Del Sol, Spain Case Study – Development – Caseras Del Sol, Spain Summary at a glance: Client – Mr L, UK Mortgage – 160,000 Euro Value -70,000 Euro Shortfall – 90,000 Euro Community Fees – 4,000 Euro IBI Taxes – 5,000 Euro The problem: Mr L Struggled to pay his mortgage on his property in Spain and owned…

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Why did the property bubble burst?

Why did the property bubble burst? If you’ve ever blown soap bubbles, you’ll know that no matter how big they get, they have to burst. This is what happened in the Great Recession of 2008, where the banking bubble burst and the world felt the full impact. Everyone is connected now, so that one country…

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What could the wrong advice cost you?

What could the wrong advice cost you? There is always the chance that something can go wrong financially when you’re making a series of payments. When taking out a mortgage, it’s an agreed-upon risk. Sadly, since 2008 when the property bubble burst, we’ve seen many clients who were given bad advice initially and so took…

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