Tel: +44 (0) 330 124 1230  Offices in Leeds, Belfast and Spain

Helping People With Foreign Property Debt & Negative Equity.

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

What is Negative Equity in Spain?

In basic terms, negative equity is when the value of the property is less than the mortgage. When calculating this you have to be realistic, especially in today’s market as to what the value would be to dispose of the property.

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After the 2008 crash, negative equity became a serious issue for homeowners across Europe. Unfortunately, over time these issues have not improved and thousands of people are still in negative equity.  Other phrases for negative equity include negative mortgage, negative amortization or a negative interest mortgage.

Negative equity in itself is not an issue. Problems arise when the debt becomes “crystalised”. This is when the mortgage must be repaid and can be ‘triggered’ by

At this point, you become responsible for paying the remainder of your mortgage. If your property is in negative equity you will have to pay the difference between the mortgage and your home value.

EU Property Solutions recently assisted a family after the sad loss of their relative. The lady in question died and unbeknown to the family she had a negative equity property in Spain. The Spanish Bank secured an Order Charging Land on the deceased’s UK home. The executor of the estate was faced with the requirement to pay the negative equity shortfall in full. EU Property Solutions were appointed and settled the c£101,000 debt for £17,000, including costs.

How can we help?

Very often clients look to sort out property debt situations in Spain before any crystallisation of the debt. That is when EU Property Solutions step in.

EU Property Solutions have developed relationships with all major Spanish Banks and Cajas. This coupled with our debt negotiation skills, alongside our established legal teams enables us to control the risk and then look to eliminate the bulk of the financial burden involved in Spanish property debt cases.

As ever, it’s good to talk!

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.

You can also follow us on Facebook to stay up-to-date on the latest Spanish property debt news.

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]