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Case Studies

DEBT WRITE OFF & UK ASSETS PROTECTED

By EU Property | August 18, 2018 | 0 Comments

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

By EU Property | August 18, 2018 | 0 Comments

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 FOR ELDERLY COUPLE

By EU Property | August 18, 2018 | 0 Comments

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…

EU Property Solutions tackle another problematic Cypriot property

By EU Property | March 14, 2018 | 0 Comments

A gentleman approached EU Property Solutions with a problematic Cypriot property. It was a typical mortgage sold in Cyprus during the boom and the currency was the ever problematic Swiss Francs. Swiss franc mortgages were sold based on the exchange rate at the time which included a variable interest rate. Major issues experienced by clients…

Problem property in Guadalupe Hills development

By EU Property | March 14, 2018 | 0 Comments

Two gentlemen approached EU Property Solutions with a problem property in the Guadalupe Hills development near La Duquesa. The property had a mortgage outstanding of €120,000 and a value of just €50,000. The main issue was the long-term tenant was leaving the property and given its value, the was becoming a significant headache. One gentleman…

Savings in excess of £50,000 on Spanish property

By EU Property | March 14, 2018 | 0 Comments

A gentleman from the Republic of Ireland had a mortgage on a Spanish property for €286,000. The lender in question is a Spanish bank. The property was located in La Linea very close to Gibraltar on the Costa Del Sol. The lender in question we know to be notoriously difficult to deal with, and unfortunately…

Interest-only stress on Valencia holiday home

By EU Property | December 21, 2017 | 0 Comments

An elderly couple purchased a property North of Valencia, with the intent to rent out the property, but also utilising it as a holiday home. They borrowed €180,000 on an initial 10 year interest only period. Unfortunately, following the collapse of the Spanish property market the value of the property plummeted to just €90,000. This…

Portuguese property portfolio

By EU Property | December 21, 2017 | 0 Comments

A gentleman contacted us regarding a non-performing portfolio of overseas properties. Our client found himself in financial difficulty due to an unforeseen change in personal circumstances and required assistance. EU Property Solutions were appointed and successfully negotiated the voluntary surrender and debt write off with a core Portuguese Bank. The savings, in this case, have…

EU Property Solutions’ Inaugural Success in Cape Verde

By EU Property | December 20, 2017 | 0 Comments

A couple from Northern Ireland purchased their dream home on the beautiful island of Cape Verde in 2008. The property was located in the Vila Verde complex on the Sal Island. Whilst initially the investment proved fruitful and proved to be an excellent holiday home, the couple soon found themselves in difficulty due to negative…

Portuguese Property Success

By EU Property | December 20, 2017 | 0 Comments

Portuguese Property Success Three gentlemen from the Republic of Ireland contacted EU Property Solutions regarding a troublesome property in Albufeira, Portugal. The property was in negative equity and was becoming a burden. This resulted in arrears of over €26,000 and negative equity in the region of €60,000. All three parties had significant assets and good…