NEGATIVE EQUITY SPAIN PROPERTY - LOOKING FOR A SOLUTION?

A retired couple from Nottinghamshire approached us with their holiday apartment in San Luis Sabinillas, near Duquesa on the Costa del Sol. They had a mortgage outstanding of €170,000, with the property being valued at €159,000. The monthly cost was €90 – but the issue here was this product was sold on an interest only…

A married couple from Hertfordshire approached us with their holiday villa in La Cala Golf & Country Club. They had an outstanding mortgage of €678,000 with Banco Sabadell. The property was valued at €599,000 and the couple found it very hard to find buyers due to the uncertainty that Brexit has brought, coupled with Spanish…

This week we finalised a settlement with a core Cypriot lender on a failing Cyprus property mortgage investment in Larnaca. The gentleman approached us for help solving his Cyprus property mortgage problem. Following a recent discount offered by the Bank, the outstanding mortgage was £150,000. However, despite the discount, the property valued at a mere £50,000.…

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…

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. 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 mortgage…

Complete Debt Write Off in Costa Del Sol 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. They also…

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…

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…

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…

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…