BANCO SABADELL & HALIFAX MORTGAGES Banco Halifax Hispana was incorporated in 1993 to serve the needs of Expat buyers in the Southern Costa’s in Spain. Many investors took out mortgages with Halifax, given they were at trusted UK High Street lender giving them confidence in their overseas property purchase and finance they obtained. Unfortunately, many borrowers…
EU Property Solutions have assisted borrowers in the past who are going through a divorce or separated 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…
For most of us, the 2018 means new plans and resolutions. Whether it’s saving your money for something or learning a new hobby, we all chose to welcome in the 2018 in our own way. If you are planning on investing in a holiday home or are even hoping to retire abroad this year, it…
Finding yourself in a situation where you’re in debt can be intimidating, particularly if it is property related and you owe a substantial amount of money. Debt can cause you stress and can also have a negative impact on your relationships and family life if it is not managed effectively, so one of the best…
Increased Mortgage Repayments: Options available Our Spanish Legal Team in San Pedro have reported a worrying trend in some Spanish mortgage products. Many of these products are now moving away from there 10 year interest only period and moving to repayment. The issue we are finding is the jump in payment amounts is very substantial….
A couple based in Northern Ireland bought a property in Costa del Sol at a value of €240,000. Given the dramatic decline in of the property market, the house was in Negative Equity totalling to €180,000. Furthermore, the development became run down and left unoccupied due to lack of interest. The couple contacted our office…
THE SIMPLE ANSWER IS YES. This may not be what you want to hear and any number of ‘Bar Room’ Lawyers will tell you otherwise but under various EU Statutory Provisions, debts can be chased/collected across borders. We have assisted many people who tried to ignore their commitments/debts and ended up under pressure from their…
If you are going through a divorce a looking to dispose of a troublesome asset in Negative Equity then both parties will be liable for the debt. Having signed the mortgage contract both parties are joint and severally liable for any debt or issue with the financial product. EU Property Solutions have experienced in the…
An empty holiday home is a headache. No rental income can make it difficult to keep up with Mortgage Payments, Associated taxes and Management fees and is an investors worst nightmare. This alone is a reason to sell. EU Property Solutions assist clients with the orderly disposal of foreign property assets. Depending on your situation…
