Posts Tagged ‘foreign mortgage’

TROUBLE AHEAD-Foreign Interest-Only Mortgages

10-year interest-only mortgages to come to an end this year for properties purchased in the peak of 2007 in Spain. Spain’s collapsing prices over the years have left homeowners with numerous arrears. With the breakdown of Spain’s property market in 2007, it has been evident that Spain’s national average house prices rose by thousands of…

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SUMMER IS CANCELLED…CAN YOU SURVIVE?

We are fast approaching peak holiday season and with School Summer Holidays close by, overseas property investors can expect to cash in on excellent rentals during this period. But are you ready for when the holiday season ends? It can be easy for your mortgage to become unaffordable when rentals die down after the summer…

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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…

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