NEGATIVE EQUITY SPAIN

“A property is in negative equity if it’s worth less than the mortgage secured on it, and it’s normally caused by falling property prices.”

The Spanish property market suffered severely following the global financial crisis with property values dropping significantly. This has become a significant issue for foreign investors who purchased homes in Spain during the boom period pre-2008.

Negative Equity occurs when the value of the property is less than the outstanding mortgage. Given lending practices in Spain where loose during the boom period many overseas borrowers feel “trapped” and cannot off load the property due to negative equity, they are effectively mortgage prisoners.

EU Property Solutions understand the significant burden Negative Equity can have on borrowers but have also developed solutions to give overseas home owners a way out of Negative Equity. Over the years we have developed a legal team operating from our Spanish office who understand the nuances of each individual lender and the process to best assist our clients achieve their desired outcome.

EU Property Solutions deal with all core Spanish lenders and have achieved excellent settlements on the Costa Del Sol, Costa Brava and Costa Blanca, all of which were popular areas for investment for overseas purchasers.

When you initially approach EU Property Solutions our fact find is concise and essential to ensure the best result possible. Our team will discuss the option available to you with all costs transparent upfront.  Furthermore, our service is supported by telephone references for those who have benefited from our Negative Equity solutions in the past.

We ask you visit our testimonials page by clicking here to see our past achievements.

If you have a negative equity property in Spain call EU Property Solutions today on +44 330 124 1230.

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LET US HELP YOU TO MOVE ON WITH YOUR LIFE...

EU Property Solutions always offer any potential client a free initial consultation. This can be done face-to-face in one of our three office locations, via Skype, a conference call or via email. We typically ask for standard financial information when meeting as this allows us to give you the best advice tailored to your circumstances. We are not here to judge, but to assist those who find themselves in difficulty and provide solutions to navigate to better positions. Our fees are always made open and transparent from the outset and there are no hidden fees or costs.

Our team has a fantastic attitude and will take openly and frankly with all our clients with the sole aim of achieving the best possible outcome. Please contact us at EU Property Solutions today and we look forward to meeting you soon.

SUCCESSES

Spanish economy on the up, but what about the victims of the bust?
July 18, 2018 | 0 Comments

With recent news reports claiming that the Spanish economy is expanding and rebalancing since the 2008 banking crisis the question of, what happened to those affected, comes to the fore. According to the Financial Times, the boom that preceded the bust ‘coincided with the arrival of millions of migrants from Latin America, Eastern Europe and…

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BECOME AN INTRODUCER
July 9, 2018 | 0 Comments

At EU Property Solutions we understand how important it is to associate yourself with the right individuals in business. This is why we continually refer to our growing network of introducers, particularly those in Spain, Cyprus, and Portugal, as well as those long established in the UK. Typically, our best pre-qualified clients come directly from introducers.…

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Is your foreign property worth it?
July 3, 2018 | 0 Comments

We are fast approaching peak holiday season and with School Summer Holidays drawing near, overseas property investors can expect to cash in on excellent rentals during this period. But are you ready for when the holiday season ends? EU Property Solutions liaise with many borrowers who have lucrative summer income from their overseas property investment…

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Success with problematic Cypriot property and Swiss Franc Mortgage.
June 26, 2018 | 0 Comments

We have negotiated another fantastic settlement for a client with a property in Cyprus and a Swiss Franc mortgage. We have found through experience that Cypriot property can be somewhat problematic to say the least due to issues with ownership and title deeds. According to the Cyprus property action group, “The bulk of the problems…

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Can overseas property debt affect my chances of buying a property back home?
June 21, 2018 | 0 Comments

A frequently asked question we get at EU Property Solutions is whether an overseas property debt issue can affect your ability to buy property in the United Kingdom or your home country. There are circumstances in which it might. The first thing to bear in mind is that it’s always a good idea to cooperate…

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Spanish Negative Equity Solution – The Process
June 5, 2018 | 0 Comments

From our experience every case regarding Spanish negative equity is different. Everyone’s circumstances differ, and no case is identical in what we do. Nonetheless, there is a process EU Property Solutions follow to ensure we can deliver the best service and most importantly best result for our clients. Below is EU Property Solutions step by…

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OUR MANAGING DIRECTOR, JAMES BELL
May 16, 2018 | 0 Comments

James is Managing Director at EU Property Solutions. He is based in the Leeds City Centre office. James has a variety of roles within the business, but his primary role is to work with new leads to discuss their cases, their options and advise how EU Property Solutions can assist. He travels regularly to meet…

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How Halifax became Banco Sabadell
April 12, 2018 | 0 Comments

BANCO SABADELL & HALIFAX MORTGAGES Banco Halifax Hispana was incorporated in 1993 to serve the needs of Expat buyers in the Southern Costa’s in Spain. Many investors took out mortgages with Halifax, given they were at trusted UK High Street lender giving them confidence in their overseas property purchase and finance they obtained. Unfortunately, many borrowers…

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Why work with us?
April 4, 2018 | 0 Comments

Do you want to sell your foreign property but feel trapped by Negative Equity? Are you struggling to pay the mortgage on your European home? Did you purchase a holiday home in an unfinished or abandoned development? Are you being chased for debt from Europe that you cannot afford? EU Property Solutions are experts in…

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Honesty and Transparency – The Key to Success
March 29, 2018 | 0 Comments

From the outset when speaking to potential clients we ask for honesty and transparency regarding the case and your circumstances. EU Property Solutions have harnessed years of experience working in property debt negotiations to understand what will ultimately make up a successful case. It is essential that EU Property Solutions have your full financial picture…

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