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Spanish mortgage hell
paul_racky
Posts: 2 Newbie
Can anyone help we are about to lose our tenant on our Spanish home ( which was a big mistake anyway ) and without this we cannot pay the mortgage. We also have another property in Spain registered in our name although not ours. It is my wifes parents and we were advised to register it in our names for tax reasons. We need to know repercusions there could be if we can't fulfill our payments. We have nothing in England either we just managed to scrape together a deposit for a house and have a big mortgage here. Also her parents are living with us as they cannot afford there own place yet. Does anyone have any experience of repossession in Spain or any knowledge of Spanish property law as we are quite worried as to whether our english home is at risk. PLEASE HELP!!!
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Comments
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Some recent comments on Spain are here:
http://forums.moneysavingexpert.com/showthread.html?t=10469710 -
paul_racky wrote: »Does anyone have any experience of repossession in Spain or any knowledge of Spanish property law as we are quite worried as to whether our english home is at risk. PLEASE HELP!!!
Re the above, and other thread topics on the subject... thought this article of today (28th November 2010) might be of interest.
Costa nightmare could cost us our UK home.
Spanish bank to seize cottage after couple miss payments on holiday flat.
DAILY MAIL ARTICLE LINK0 -
Try www.eyeonspain.com for information from others including solicitors. But I think you will find that your UK property is at riskMFW 1310
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Re the above, and other thread topics on the subject... thought this article of today (28th November 2010) might be of interest.
Costa nightmare could cost us our UK home.
Spanish bank to seize cottage after couple miss payments on holiday flat.
DAILY MAIL ARTICLE LINK
2 year old thread, by a poster with 2 posts, dragged up by someone with too much time on their hands. Where do we get these people ?Mortgage free
Vocational freedom has arrived0 -
As a working paramedic all I have got to say is that they earn £26K basic and £6K unsocial hours under agenda for change and thats each!!
Why own a property for 20 years and have a £250K mortgage on it ?
did they borrow equity to put down a deposit on the apartment in spain
Like others have said £250K plus £155K is going to hurt big style.0
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