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EU PROPERTY SOLUTIONS
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The EU Property Solutions Team
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…Read More
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…Read More
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…Read More
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…Read More
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.…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More