A 6-Stage Plan To Alleviate Foreign Property Issues

2021-04-21

Want to do something about your Foreign Property, but don’t know where to start?

Foreign property debt can cause a lot of stress and negatively impact on your relationships and family life if it is not managed effectively. EU Property Solutions have established a plan for you to effectively manage your Spanish/Cypriot debt and reduce stress.

1. Make a list

It helps to have everything laid out in front of you; that you owe so you have a clear understanding of how much you have to pay back. Do some calculations and work out how long it will take you to pay off the money within a specified time frame. Try and be realistic and don’t put too much pressure on yourself to pay it all back in a small timeframe. This is likely to stress you out more and make you feel worse when you aren’t able to achieve it. If you feel like you’re going nowhere, pick up the phone and call our specialist team for a free, no-obligation chat to take you through your calculations.

2. Plan a strategy

What you need to do now is work out what will be best for you. Often people will only pay the minimum that is required of them, but sometimes this isn’t the best way to go about things and all it’s going to do is prolong the agony. Get into the habit of paying off more than this each month and you’ll see your debt reduce quicker.

3. Monitor and adjust accordingly

Be sure to keep tracking your progress to see where you can make improvements, perhaps by increasing the amount of money that you’re paying off.

4. Seek advice from an expert

Sometimes it helps to speak to an intermediary that knows what they’re talking about and can help you effectively navigate your way out of foreign property debt, putting your mind at ease. Here at EU Property Solutions, we are able to offer specialised assistance to anyone struggling with all forms of foreign property debt in Spain, Cyprus and other countries.

5. Don’t bury your head in the sand

Yes, foreign property debt can become all too consuming with many people ignoring the issue thinking that enforcement and pursual will never affect them back in the UK. We would love to say this is true but unfortunately, we have seen many debt collection agents hired on behalf of

  • Sabadell
  • UCI
  • Bankia
  • La Caixa

To retrieve monies outstanding from a property they once owed abroad. If you’re worried that you have received threatening correspondence; get in touch today, there are MANY options available out there for you.

Step 6: Utilise your resources!

There are HUNDREDS of resources out there for you to get information from relating to your foreign property issues…we’ve done the leg work for you and picked out some of the BEST and MOST informative pieces of information out there.

Further Reading

We offer a completely free, no obligation initial consultation

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