Is Your Home in Spain, Portugal or Cyprus in Negative Equity?

We offer a completely FREE, no obligation, initial consultation

Is Your Home in Spain, Portugal or Cyprus in Negative Equity?

We offer a completely FREE, no obligation, initial consultation

Interest-Only Mortgage Issues



FREE Initial

Proven Track

Telephone References

As we all know the property market crazily peaked in 2007/8. From 1996 to 2007, Spain’s national average house prices rose by a whopping 197%.

During this time thousands of foreign investors and those wanting a home in the sun, were lured by interest-free mortgages and rental guarantees. BOTH USELESS & FOUNDLESS IT TRANSPIRES

It seemed a no brainer at the time as repayments were extremely low and affordable. These were also for a fixed period of 10 to 15 years at a time. 10 to 15 years later…

Across Europe, for British and Irish purchasers, Halifax were the main protagonists of these mortgages and a mixture of loose lending and less than prudent due diligence by all Banks, essentially stored up the problem we now face.

This approach by the Banks then, in turn, encouraged large volumes of UK and Irish to buy abroad. Some were taking equity out of their own home, to commit to a foreign property purchase, to live in and/or retire to

We are now in a period where borrowers who were on ten to fifteen-year interest-only mortgages, are seeing the end of this ‘honeymoon’ period.

When the mortgage goes to repayment, we have seen huge spikes in the monthly installments with a recent example of a month IO payment rising from €342 up to c€3,000 on repayment.

These increased monthly payments, coupled with: IBI Tax Payments, and Community Fees ensure many of these holiday home/investments start to cost too much and are unsustainable.

Furthermore, with a rapid decline in values since 2008 many of these borrowers find themselves in Negative Equity.

All enquires to EU Property Solutions are offered an initial free due diligence review by us and our legal team. We would advise we never take on a case that we cannot win.

We offer a completely free, no obligation initial consultation

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Check iconWhy Use Us?

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.

Check iconOur Associate Firm

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.

Check iconWe Get Results

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.

Check iconNo Conflict of Interest

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.

Contact us today for your free consultation – [email protected]