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NEGATIVE EQUITY ON YOUR OVERSEAS PROPERTY?

We offer a completely free, no obligation initial consultation

ARE YOU SUFFERING AT THE HANDS OF FOREIGN PROPERTY DEBT?

  • Do you want to sell your foreign property but feel trapped by Negative Equity?
  • Are you struggling to pay your mortgage?
  • Did you purchase a holiday home in an unfinished or abandoned development?
  • Are you worried about your debts being pursued in your home country?
  • Has your property been repossessed and are you being chased for debt you cannot afford?
  • Was your foreign property mortgage mis-sold?
  • Are you worried about the implications of BREXIT on your foreign holiday home?

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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.

We offer a completely free, no obligation initial consultation

We have found through experience that a large majority of our clients invested in properties across Europe with specific reference to Spain during the property boom. These clients, like a large proportion of the population now either can no longer service repayments, no longer want the distressed property or like some have been left with a property in an unfinished development but feel trapped due to the burden of the massive Negative Equity- the property is only now worth a small proportion of what was initially paid.

Negative home equity puts the home-owner in a predicament if he or she is looking to sell. Prospective home buyers will only be able to secure a home loan for the current value of the home on the market, not for the amount that is owed by the lender. This limits the potential number of buyers for the property and can mean the buyer is “trapped” in the home if they cannot afford to repay the amount that is left owing.

This is where EU Property Solutions can help. We essentially help the client in Negative Equity to sell their home in Negative and  Provide options and strategies to write off the mortgage or settle the debt for a minimal amount with the lender.

NEGATIVE EQUITY SUCCESSES

Full Mortgage Write Off in San Luis Sabinillas, Malaga
May 1, 2019 | 0 Comments

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…

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Another La Cala Success – Complete Debt Write Off
April 30, 2019 | 0 Comments

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…

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Divorce & Overseas Property Debt
April 12, 2019 | 0 Comments

EU Property Solutions have assisted borrowers in the past who are divorced or separated to settle their overseas debt in an amicable fashion. We understand it is a difficult and emotional time for all involved, nonetheless civility and working together can bring excellent results. The problem A common occurrence in these types of cases is…

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5 Top Tips for Renting Your Holiday Home
March 1, 2019 | 0 Comments

                  Due to busy home and work schedules, the time spent at your holiday home tends to be shorter than you’d like. Whether it’s in sunny Spain or picturesque Portugal, having a holiday home is a great way to feel comfortable while you’re abroad and do things…

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2019: Year of Spanish debt collection
January 11, 2019 | 0 Comments

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…

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5 Biggest Mistakes When You Can’t Pay Your Foreign Mortgage
January 9, 2019 | 0 Comments

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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Mortgage Greater Than Value In Spain – What Are The Realistic Options?
October 17, 2018 | 0 Comments

Following the 2008 Global Financial Crisis the Spanish Property Market suffered a drastic decline, and in some instances, property values halved. EU Property Solutions have assisted many borrowers to offload their Negative Equity burden. This article summarises the current circumstances and trends we are seeing in our work and the options available to those in…

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Decline of Polaris World and Costa Blanca Golf Resorts – We Provide Solutions
September 5, 2018 | 0 Comments

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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Lost Deposit Reclaim in Spain
August 22, 2018 | 0 Comments

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…

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Negative Equity: Are You Feeling The Heat?
August 14, 2018 | 0 Comments

  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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