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OUR BLOG

2019: Year of Spanish debt collection

2019: Year of Spanish debt collection

Spanish banks have been making major moves lately to offload their non-performing loan books. This means 2019 will be a busy year for property debt collectors! If you have a Spanish mortgage, chances are you could be affected. Just before Christmas, Bankia announced that it has agreed the sale of €3.07bn in bad real estate…

5 Biggest Mistakes When You Can’t Pay Your Foreign Mortgage

5 Biggest Mistakes When You Can’t Pay Your Foreign Mortgage

If you have a foreign mortgage that you are struggling to pay, don’t worry. Issues are easily solved when you approach them in the right way. Don’t make these common mistakes that can make your situation worse: 1. Hand Over the Keys Many borrowers simply stop paying their mortgage and leave the keys with the…

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DECLINE OF POLARIS WORLD AND COSTA BLANCA GOLF RESORTS – WE PROVIDE SOLUTIONS

The Costa Blanca has long been a popular hotspot for many people wanting to buy their dream holiday home. Over the years many have followed their dream purchasing either investment properties or as holiday homes for retirement futures. During the Spanish property boom pre-2008, many people purchased properties in this region. Our focus this week…

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RECLAIM IN SPAIN – YOUR LOST DEPOSIT

EU Property Solutions consistently have enquiries from clients with horror stories about lost deposits paid on developing dream homes in Spain that never materialised. An area of major concern has been the Costa Del Sol, where during the property boom between 2004-2007 off plan developments were abundant. HAVE YOU BEEN AFFECTED? If you lost money…

debt write off and uk assets protected

DEBT WRITE OFF & UK ASSETS PROTECTED

We were contacted by a mature couple regarding a property in the well-known area of Playa Vera. This had been a holiday getaway home for them however it began to cause them undue stress and worry when the mortgage repayments increased to £700 per month. They were unable to continue with these repayments and felt…

La Cala - 100% Debt write off

La Cala – 100% Debt write off

We were contacted by a couple who owned a property in the picturesque area of La Cala. They had advised us that the mortgage repayments had increased dramatically, and they were no longer able to keep up with these due to several financial pressures and the hike in repayments. To make matters worse, the outstanding…

complete debt write off in la cala

COMPLETE DEBT WRITE OFF FOR ELDERLY COUPLE

We were contacted by an elderly couple regarding a property in the popular area of Duquesa Village in the Costa Del Sol. This had been their dream holiday home however it started to cause them considerable stress when they began suffering with age related illnesses and found themselves in financial difficulty. With all the adding…

feeling the heat

Negative Equity are you feeling the heat?

  EU Property Solutions are aware of many developments on the Costa Del Sol that are in Negative Equity or have issues In regard to selling property. The Spanish property market suffered severely following the global financial crisis of 2008 with property values dropping significantly. This has become a major issue for foreign investors who…

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Your Foreign Mortgage: What Happens If You Don’t Pay?

  If you don’t pay your mortgage overseas it is likely to have the same consequences as if you didn’t pay your mortgage in your home country. Some with mortgage debt in Europe hope that it will not follow them to the UK or Ireland. However, this is incorrect, and the foreign lender can legally…

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Importance of Professional Advice

  With official figures released last year, millions are due to be paid out in Deposit reclaims. Since the news of this development circulated many ‘cowboy’ companies jumped on the proverbial bandwagon in an attempt to cash in. Offering supposedly expert advice and services in reclaiming lost deposits, many of those who were victims of…