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Can You Get Rid Of Your Property Without Visiting Spain?

30 January 20232 min readby Tom Miskelly

Interest-only Mortgages Negative Equity Property Debt Spain

The property sales process in Spain can be drawn-out, complicated and expensive. So, it is likely that you don’t want to have to travel back and forth to Spain to manage the sales process. If your property is in negative equity, this can add to the already expensive sales costs, not to mention the additional stress.

As a result, one of the questions we hear most often is, “Do I have to go to Spain to sell my property?”. Fortunately, the answer is no. That is, as long as you follow the correct procedures.

To sell any property, you usually need to employ an estate agent to manage the sale. However, with property debt experts (such as EU Property Solutions), the entire process, from start to finish, is handled for you. This includes everything from sale to settlement.

Over many years, we have created a simple and effective process that allows us to handle the stress involved in getting rid of your property for you. This involves:

  1. Power of Attorney – You give power of attorney to our dedicated Spanish legal team. This allows us to represent you in legal matters in Spain. For this document, you will need to travel to a local notary. Luckily, this is the most you will need to travel!
  2. Property Valuation – We arrange for a full valuation of the property to be carried out by the lender. For this, we need your keys and/or your keyholder’s details. This helps to establish the price of the property and how large the mortgage shortfall is.
  3. Negotiation & communication – We will deal with all correspondence from your lender and will negotiate with them on your behalf. This includes any potential face-to-face meetings. This is the part where we negotiate with the bank to get the best possible deal for you.
  4. Settlement – We will agree a settlement with your lender after consulting you fully. Thanks to the power of attorney, we can sign this agreement for you. This means your debts are settled without any travel involved.

This process has worked for hundreds of Spanish property owners. It allows us to get life-changing settlements that would not be possible otherwise. Most importantly, you do not have to revisit your nightmare holiday home ever again.

If you are struggling to sell your property or you want to explore your options, contact our team of property specialists. We offer a free case review so you can find out exactly what your best options are.

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