Often our clients are advised that ‘handing back the keys’ to a property is their best option. However, this can have serious consequences down the line.
Invariably these people come to us after finding that the Bank or Solicitors are chasing them for a huge shortfall balance after handing back the keys.
Ignoring a Spanish mortgage debt is not wise as it does not go away. In fact, very often the debt grows and then your UK assets, home or Pension, come under threat.
Often, non-engagement can ‘annoy’ the banks/solicitors and fuel their aggressive pursual, both in Spain and the UK.
The next point these ‘experts’ face is the size of the amount claimed. However, the amount due will have expanded because of the following:
To conclude, ignoring any Spanish mortgage debt in arrears is not ideal – it does not go away.
Do not listen to those ‘experts’ and do not live in fear of the unknown.
If you did ‘hand back the keys’, we may understand your reasoning at the time, but do not think the problem has gone away.
Call us if you want to discuss the scenario and especially call us if you are being chased by the Spanish Banks in the UK or ROI.
It is free to talk to us, so please contact us now.
Alternatively, talk to us via our Live Chat or submit a Request a Call Back Form. One of our agents will be in touch as soon as possible.
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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.