Personal circumstances:
- The client was widowed after the death of their husband 3 years ago.
- Probate and pensions were all dealt with. They were financially well off but no longer wanted the Spanish property.
- The couple had purchased a property near Valencia in 2007, but it still had a €50,000 negative equity position.
- Discussions with the Bank made her feel threatened and trapped.
- She wanted to get rid of the property but was unsure, given her limited resources and feared for her UK assets.
The property & mortgage situation
- The 18-year-old property needed costly remedial works.
- The interest-only period ended, and the monthly repayment rose by 74%.
- Our client now rarely used the property and received fitful rental income.
- Management fees and IBI taxes added to the mortgage instalments saw the annual cash outgoings of €18,000 per annum.
The solution
- The client reached out to EU Property Solutions.
- EU Property Solutions delivered a personalised proposal for the case.
- The client checked the company’s credentials via genuine previous clients on the phone.
- After 8 months, the property was gone, and the full cost to resolve everything for the client was £15,000, including fees.
We at EU Property Solutions have many examples of us achieving savings and, most importantly, peace of mind.
We offer:
- The ability to meet us in our UK offices.
- No win no fee options.
- Genuine telephone testimonials.
- UK asset protection.
- Guaranteed solutions, specific to your circumstances.
- Use of our bespoke Spanish and Cypriot legal teams.
- We understand you and your position.