At EU Property Solutions, we’re realistic and concise in everything that we do, there’s no sugar coating it, resolving debt isn’t easy. Yes, there’s plenty of advice out there from ‘experts’ alike however it’s important that foreign property owners know what options are available to them. They need a team of people who can support them throughout the whole process as we know and completely understand that the ongoing pressure of issues with your foreign mortgage can become all-consuming and encompass most parts of your day-to-day life.
Have you received threatening letters from a Solicitor or Bank about your foreign property in Spain, Portugal or Cyprus? At this stage, if you’re reading this section of our website you will be aware of what your foreign Bank is seeking from you in terms of debt owed/monies that they claim need to be paid. One thing we always tell our clients is that there will never be any moral obligation on the part of the Bank or Lender…no chance! They will not recognise that it was wrong, and the people who did the effective mis-selling and/or took the unscrupulous actions, are no longer there. That is where we come in on your behalf to take action against the Banks/lenders.
The one key area that needs a watchful eye is the use of Loan Sales by Banks, in simplest terms this means that your Bank has sold on your loan to ‘tidy up’ their loan books. These loans are acquired by conglomerates which are referred to as Vulture Funds, we always say the clue is in the name. Vulture Funds deal with distressed securities with a high level of default, and like ‘vultures’ they swoop in on their prey and extract whatever they can from the carcass of defenceless victims.
You may be wondering why we’re noting the above but if you have received threatening letters from your foreign Bank or UK solicitors then this most certainly means that your loan has been sold to a Vulture Fund. It’s best to be wary of these organisations, as they are incredibly efficient in legal proceedings and/or the recovery of every Euro/British pound owed to them. If you are involved with these, they will exert pressure on you, the debtor, to honour your debts in full, even when you’re in financial distress.
Have you received threatening letters from a Solicitor – don’t forget to contact us today to discuss your options.
If you’re interested in learning more about Loan Sales & Vulture Funds we have released a 4-part series on YouTube detailing the implications involved, click here to watch: https://www.youtube.com/watch?v=oKdM5LdnrPA
If you have received a threatening letter and don’t know where to turn to, contact our team today on 0044 330 124 1230 or send us an email at [email protected]
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.