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Spanish mortgage guarantor moves back to UK
tinkabellarockafella
Posts: 1 Newbie
My friends bought a property in Spain years ago and, as their son lived there, they have a Spanish mortgage, with him as a Spanish resident, as guarantor.
He has recently moved back to UK (permanently) but has kept on a rental property there for holidays. He has not told the authorities that he is now not resident in Spain. If they find out, or if he gives up his holiday flat (which seems likely this year, in which case he will no longer have a Spanish postal address) what are the implications for my friends when they no longer have a Spanish resident as guarantor on their mortgage?
They have never missed a payment. Should they do something about it now, or wait and see what happens?
He has recently moved back to UK (permanently) but has kept on a rental property there for holidays. He has not told the authorities that he is now not resident in Spain. If they find out, or if he gives up his holiday flat (which seems likely this year, in which case he will no longer have a Spanish postal address) what are the implications for my friends when they no longer have a Spanish resident as guarantor on their mortgage?
They have never missed a payment. Should they do something about it now, or wait and see what happens?
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