I bought a property in 2007 in the resort of La Cala in the Costa Del sol. This was an Interest only mortgage of €194,000. In 2008 the housing market hit rock bottom due to the financial crash leaving me and many others in Negative Equity.

The interest-only period had ended, making my monthly repayments treble to €1600. This amount was way out of reach for me, and the debt began mounting up.

“I bought a property in the popular development of Alboran Hills in Costa Del Sol. This was purchased during the property boom and was my dream holiday home. Little did I know this would turn into my worst nightmare.

After the financial crash in 2008, I was unable to continue to pay the mortgage as this had become unsustainable. To make matters worse, a charging order had been placed on my property in the UK due to the arrears owed. I was shocked and didn’t know where to turn. I was so worried about what might happen.

The bank in the UK wouldn’t allow me to make any amendments to my mortgage, and I was suffering financially. I had these restrictions placed on me, and I felt trapped.

After doing some research online, I contacted EU Property Solutions. They assessed my situation and advised me that they would be able to assist me. I instantly felt better, knowing that help was at hand. They kept me informed every step of the way, and managed to successfully negotiate a deal with the bank, and I was able to surrender the property.

I now feel that I can move forwards with my life. I can get the extension on my house done that I always wanted.

I just want to say a big thanks for all the hard work you have done to solve these problems, if I ever hear of anybody else going through the same problem I have, will always put your name forward thanks again.

The burden of this debt was very traumatic. It’s always on your mind, giving you sleepless nights, and all I did was worry about how I was going to get out of this situation. I own my house outright in the UK, and I constantly worried about it being taken away to pay off this debt. This was not a healthy situation to be in.