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Valencia Negative Equity Settlement

Case Study

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.

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