EU Property Solutions areas’ of expertise are:
Trapped by Negative Equity? This is where your Mortgage is greater than the property value. Don’t become a Mortgage Prisoner.
Did you miss payments on your Overseas Mortgage? Did you hand the keys back and walk away? We can close any Shortfall Debt you still own.
Have you lost money paid to a developer? Was your off-plan property never completed? We can claim it back plus interest.
Buying or Selling? We have a network of agents across Europe We can refer you to trusted contacts.
A retired couple from Nottinghamshire approached us with their holiday apartment in San Luis Sabinillas, near Duquesa on the Costa del Sol.
They had a mortgage outstanding of €170,000, with the property being valued at €159,000. The monthly cost was €90 – but the issue here was this product was sold on an interest only basis and the retired couple, both over 70, would need to raise €170,000. This was not feasible.
The couple appointed our services and we stepped in to negotiate with the bank. Our experienced Legal team deals with cases like this regularly and were able to achieve the voluntary surrender of the property and a complete debt write off. Most importantly, their UK home was protected, and the couple were able to enjoy their retirement worry-free.
Many investors prior to the 2008 Global Financial Crisis purchased overseas properties due to booming markets with no sign of a slowdown. However, following the property crash across Europe property values halved in some instances overnight. Borrowers where left with an Asset in Negative Equity with large Mortgages outstanding.
In other instances, Investors paid large sums to Overseas Developers who following the crash fell into liquidation and did not complete developments as promised. Many have been left with no property despite their investment.
EU Property Solutions specialise in implementing strategies to resolve Negative Equity scenarios, through our lender specific knowledge we give clients advice tailored to their circumstances. We can also recover deposits lost in Spain paid within a 15-year time window, we can recover the initial deposit plus interest.
We are a UK based firm with legal teams in Spain and Cyprus who understand the market and Bank practices as they stand. We remove the language barrier and utilise law, Bank lending flaws and current client circumstances to negotiate the best feasible outcome for all our clients.
EU Property Solutions was formed following the success of our associate firm Bell & Company. An FCA registered firm of Debt Strategists, Bell & Company assist individuals in difficulty in the UK and Republic of Ireland with Personal and Business-related debt issues.
We have an excellent track record of success. Our success stories and testimonials come straight from our clients & highlight the high quality of our works and outcomes. We have individuals willing to speak to prospective clients on the telephone to offer their story and experience.
Our obligation is always to our client and that is where our strength lies. Debt is highly stressful and emotional. We deal with debt day in day out and employing an intermediary removes emotion from the situation allowing clear strategy to be implemented to get the best outcome for our clients. Understanding a firm of professionals is acting on your behalf can remove stress and focus the mind to a positive end goal.