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
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…Read More
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.…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More