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NEWS

Divorce & Overseas Property Debt

Divorce & Overseas Property Debt

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…

5 top tips for renting your holiday home

5 Top Tips for Renting Your Holiday Home

                  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…

2019: Year of Spanish debt collection

2019: Year of Spanish debt collection

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…

5 Biggest Mistakes When You Can’t Pay Your Foreign Mortgage

5 Biggest Mistakes When You Can’t Pay Your Foreign Mortgage

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…

Realistic options

Mortgage Greater Than Value In Spain – What Are The Realistic Options?

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

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

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…

feeling the heat

Negative Equity: Are You Feeling The Heat?

  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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Your Foreign Mortgage: What Happens If You Don’t Pay?

  If you don’t pay your mortgage overseas it is likely to have the same consequences as if you didn’t pay your mortgage in your home country. Some with mortgage debt in Europe hope that it will not follow them to the UK or Ireland. However, this is incorrect, and the foreign lender can legally…

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Importance of Professional Advice

  With official figures released last year, millions are due to be paid out in Deposit reclaims. Since the news of this development circulated many ‘cowboy’ companies jumped on the proverbial bandwagon in an attempt to cash in. Offering supposedly expert advice and services in reclaiming lost deposits, many of those who were victims of…