Get help with property debt issues
A combination of reckless practices and widespread mis-selling has left some countries such as Spain, Portugal & Cyprus with some of the highest levels of property debt in Europe.
Whether you are stressed by negative equity or worried about mortgage arrears, we can provide the solutions you need.
Proud to be 5 Star rated by our clients
Sylvia’s Success Story
Sylvia shares her story of working with EU Property Solutions after facing a Spanish mortgage debt that resurfaced 12 years after walking away from her property.
Following the 2008 financial crash, Sylvia hoped her lender would not pursue the debt. However, she was shocked to receive a call recently about the debt outstanding. Sylvia was extremely worried about her assets being at risk. After researching online about help with outstanding foreign mortgage debts, Sylvia found EU Property Solutions, who immediately reassured her and offered clear, professional help. With no hidden fees, they promised to see her case through to resolution helping protect her assets and achieving a fair settlement figure. Natalie, her caseworker, kept her updated every step of the way. Within a few months, the issue was fully resolved, bringing Sylvia immense relief.
She praises EU Property Solutions for their efficiency, professionalism, and support throughout the process, stating they saved her from losing everything. If you’re facing a similar issue with foreign property debt, Sylvia highly recommends EU Property Solutions for their expert assistance.
EU Property Solutions Saved Me from a Huge Debt
Simon expressed his gratitude to the EU Property Solutions team for helping him resolve a challenging financial situation with his Spanish property. With an unmanageable €200,000 mortgage on a property in negative equity (valued at only €100,000), Simon struggled to keep up with payments.
With EU Property Solutions’ assistance, Simon successfully transferred the property back to the bank, which saved him from future payments and relieved him of the entire €200,000 debt.
Hugely Inflated Property Values
In 2006, Karen was persuaded to buy an apartment through Ocean View Properties at an inflated price of €210,000. As the property market declined, her investment depreciated significantly, and she was left with an unwanted apartment in an empty block, with monthly mortgage and community fees becoming increasingly unaffordable.
After the bank repossessed the property, Karen faced the daunting prospect of paying a massive debt due to negative equity, amounting to €102,000.
However, within six months, EU Property Solutions negotiated a full and final settlement of only €9,000 on her behalf.
Overcoming a €200,000 Foreign Property Debt Dilemma
Phil and his wife purchased a property abroad in 2004, but poor advice and mismanagement left them facing almost €200,000 in debt and a charge on their home in the UK. In this testimonial, Phil shares how EU Property Solutions helped them navigate this challenging situation.
Within just eight months, the EU Property Solutions team managed to clear their debt and lift the charge from their UK home, restoring their peace of mind. Phil’s message to anyone facing a similar struggle: reach out to EU Property Solutions and take control of your financial future.
Huge Debt Written Off!
Bob, from London, tells us his story of how we helped him relieve himself of his problematic property in Spain, which was on an Interest-Only Mortgage.
Problematic Foreign Property
David’s life dramatically changed for the better as a result of him contacting EU Property Solutions.
The team helped rid this client of his problematic property in Spain and achieved a monumental property debt write-down, enabling this client to move on with his life debt-free.
A Life-Changing Result
Charles shares his gratitude to EU Property Solutions for recovering the deposit he paid in 2004 for a three-bedroom property in Gardens of Manilva, Spain.
After delays and changes to the development, Charles decided to withdraw from the purchase. Despite working with three different solicitors over the years, he was unable to retrieve his deposit of over €100,000. By 2015, having retired and living on a pension, he had almost given up hope.
However, after a friend recommended EU Property Solutions, Charles decided to try one last time & we successfully recovered his full deposit in 2023—A life-changing result for him.
Sold The Dream
Paul shares his experience of working with EU Property Solutions to resolve a difficult property situation in Spain.
Paul bought several properties in the UK and Europe, including a two-bedroom apartment in Murcia, Spain. He was sold the dream of huge returns on his investment. Unfortunately, the property’s capital value was significantly overestimated, and rental opportunities were scarce, leaving him with significant negative equity.
Paul reached out to EU Property Solutions, who took on the legal negotiations with the bank and handled all the necessary paperwork. In the end, EU Property Solutions helped Paul hand the keys back to the bank, wiping out the mortgage debt and lifting a heavy burden from his shoulders.
Stress Free Negotiations
Keith shares his experience of working with EU Property Solutions after struggling to manage mortgage payments on his Spanish apartment. Following an accident, Keith foresaw difficulties in maintaining payments and asked his bank for assistance, but they refused and threatened repossession.
EU Property Solutions not only resolved the financial strain but also eased the emotional stress he had been carrying.
Negative Equity Property
Nick bought a property in Spain in 2005. After struggling with Negative Equity for years, he thought EU Property Solutions sounded too good to be true.
We managed to secure a fantastic settlement for him and allowed him to move on, debt free.
Spanish Property Nightmare
Sue speaks about how an already terrible situation became worse for her.
EU Property Solutions helped her through this difficult time and allowed her to forget about her property and get on with her retirement.
Cypriot Mortgage Issues
In this video, we speak with a former client, Mike. He came to us after having trouble with his Cypriot mortgage and becoming frustrated with the situation.
Mike told us, “I wanted to share my story to raise awareness, even if it only helps one person”.
Spanish Vulture Fund Settlement
In this recent interview, our Marketing Executive, Tom, chatted with two clients that we recently achieved an amazing settlement for.
Deb and Dave bought a property in the south of Spain. When it became unaffordable, they asked a Spanish solicitor to help them hand back the keys. So, they were shocked to receive a letter from a vulture fund nearly a decade later.
They told us “it was so hard to believe you could reduce our debt that much”, luckily they were wrong in this case! Watch the full video to hear everything they had to say.
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Let’s get startedTestimonials from across the UK & Ireland
An enormous weight has been lifted from our shoulders
We owned a property in the Casares area in Estepona in Spain that we could no longer sustain financially. The mortgage had not been paid for a considerable time, and the bank was intransigent in its conditions to release us from the mortgage.
The property had been with a local agent for about 3-4 years, and we could not sell at the bank’s valuation of the property.
We had received a communication from British Solicitors informing us of the bank’s intention to act in the UK. This was incredibly worrying for us, and we had to find a solution.
We are of pensionable age and were facing the prospect that we would be forced to sell our UK property to pay the bank. We were also paying for community charges though we had not used the property for some years.
Local taxes had also accrued.
After contacting EU Property Solutions in a very short space of time, they prepared a case for us and represented it to the bank. The bank agreed to take the property back in full and final settlement of the mortgage, which was considerably larger than the value of the property.
They also paid all outstanding debt attached to the property without detriment to our credit rating in the UK.
In short, to coin a phrase, ‘we feel that an enormous weight has been lifted from our shoulders’.
We no longer feel gloomy about the financial future, and our nightmare in Spain has been ended.
I would not hesitate to recommend EU Property Solutions to anyone who finds themselves in similar circumstances. They were quick, professional and extremely efficient. They did what it says on the packet.
We can move on with our lives
EU Property Solutions were recommended & introduced to us by our Property Manager in Spain. We had reached a point where it was no longer viable to keep up with the associated costs of a property abroad …… it was financially crippling us!
With Oceanview Properties, we thought we had bought into a “Dream”. However, it became a 10-year nightmare, and we struggled with the financial commitments on our Spanish property.
We chose to speak with Rado Radoslav – EU Property Solutions, regarding our predicament. We met and spoke with him many times, he was helpful, knowledgeable, and informative and recommended we speak to other clients who had already successfully utilised their services prior to us committing to EU Property Solutions.
EU Property Solutions supported us in obtaining the appropriate documentation to legally release us from ownership of our Spanish property, this included any financial commitments (including mortgage).
We left the situation free of debt and free of burden.
We are Relieved and grateful now that we can move on with our lives.
We would definitely recommend EU Property Solutions to anyone in a similar situation.
It’s just a shame that there are people out there who do not know who/where to turn to!
One of the few totally trustworthy organisations
In partnership with another couple, my wife and I purchased a villa in Playa Golf II near Cabo Roig in 2007 for €198,000 euros plus taxes using a mortgage of €170,000 euros.
The mortgage was a 15-year interest only, followed by a 15-year capital and interest repayment.
We were in a ‘fool’s paradise’ paying only €138 per month due to the historically low interest rates since 2009.
However, due to the global crash, our property was worth less than €125,000 euros with very little hope of an increase in the foreseeable future.
With the switch to repayment mortgage looming in 2022, we faced an increase in mortgage repayments from €138 to approx. €1,400 per month.
With a negative equity of €50,000 plus costs, we were unable to sell the property.
Our own situation meant that we would be unable to service such a large increase in monthly charges.
Myself and my wife have retired with a fixed income, and our friends have two daughters whose university fees need to be met, so we would not have had the income available to pay such a large Spanish mortgage. This is when we decided to contact EU Property Solutions to seek an answer to our seemingly unsolvable situation.
Naturally, when the news came through that it had been a success, with everything being written off and no longer a burden, we were elated and relieved.
Having had time to reflect, we have no regrets about proceeding with our case. Even though initially we had a deep mistrust of anything to do with the Spanish property market, EU property solutions assured us with their professionalism and diligence in coming to a successful resolution.
Without a doubt, we would recommend EU Property Solutions to someone in a similar situation.
They are one of the few totally trustworthy organisations that we have dealt with during 11 years of Spanish property experience.
No hesitation in recommending EU Property Solutions
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 myself 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.
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.
I first spoke to the Director of EU Property Solutions from his office in Leeds. I informed him of my situation regarding my mortgage. He quickly assured me that he could sort this all out for me and told me all about the company and how he could assist me. He advised me that my case would be dealt with by their legal team in Spain.
One of the Spanish Legal team members over in Spain managed everything for me. He was very friendly and was always forthcoming with any advice he could give me. He looked after everything for me, and I didn’t have to leave the UK, he arranged everything. Great job to him! And, a big thank you to the Director, he was such a gentleman!
The team member in Spain called me the say the bank had accepted the property back, and the debt was settled. It felt like the world has been lifted from my shoulders. No more sleepless nights! What a relief. I never realised how debt can have an effect on your health. Feeling ten years younger, well, almost! God bless you both for your help!
If anybody finds themselves in this situation, you must contact EU Property Solutions immediately, they will sort all your problems out like they did for me. I would have no hesitation in recommending EU Property Solutions to anybody.”
Feel like my life has more hope!
I contacted EU Property Solutions after they were recommended to us by a close friend of ours. We had purchased a property in the popular resort of Alboran Hills in the Costa Del Sol however, the holiday dream had quickly come to an end.
It had come to the point where the property was in negative equity and many other owners were leaving the development. There was no financial future in holding on to this property.
This situation had become financially draining and stressful. It was preventing me from planning a future with my family. Not only that, my home life was suffering. I needed to have some important repair work done on my UK home, and this was preventing me from having this done.
EU Property Solutions intervened and took complete control of the situation. They kept me informed of everything that was going on and communicated very well. I learnt that this process was much quicker and less stressful than tackling it alone.
Now I feel like a weight has been taken off my shoulders. I am freed up and can plan ahead financially. The burden of making the initial decision has gone, and I honestly feel like my life has more hope! I can also travel to other destinations on holiday.
I would recommend EU Property Solutions to anyone in a similar situation. For me, not paying the mortgage whilst this process was underway helped me enormously.
A big thanks for all the hard work
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.
Our financial lives back on track
Thank you for dealing with our Spanish property release with the successful outcome achieved this has been a massive relief to myself & my wife.
We are very grateful to you both for the excellent & tactful way in which you handled the situation with the Spanish banking establishment & particularly with the efficiency & speed in which it was executed. Myself & my wife could not have negotiated with the Spanish banking system without your professional skills & guidance.
I would just like to finish by saying that we now have our financial lives back on track & we would highly recommend your company for any dealings with property associated debt.
I cannot describe my relief
I had taken out a mortgage on a ‘dream’ property with a Spanish lender almost 10 years ago, which soon after turned into a nightmare. I was unable to keep up with the mortgage payments, and it was causing me untold stress.
My Spanish lender was being extremely unhelpful, and quite frankly the language barrier put me off wanting to deal with them, so I brushed it to the back of my mind for quite some time. After speaking to a friend out in Spain, they told me about EU Property Solutions and how they had managed to achieve a significant write-down on the remainder of someone’s mortgage after they had sold their holiday home. I thought this sounded too good to be true, but due to the fact that they provided an initial consultation free of charge, I gave them a call. After all ‘nothing ventured, nothing gained’.
They explained to me that my case had the potential for the same outcome, and so I appointed them to represent me to the bank on my behalf. They were able to write off over €150,000 with a minuscule settlement amount. I cannot describe my relief when I got the news. I am more than pleased with the results and their service throughout and would implore anyone in the same position to give them a call.
Making us feel that we had control
My first contact was via my husband and Liam Cooper, all 3 of us then had a Zoom meeting. He clearly explained what he thought had happened and how to go about sorting out the situation
We then were contacted by Natalie Pritchard, who also explained every step clearly. Her communication has been first class and took all the anxiety out of the situation, making us feel that we had control and not free falling
She negotiated a great deal, in my opinion, and was a fantastic intermediary. I am still a little annoyed that it ever happened, as we thought that this had been taken care of many years ago, and I am so annoyed that they waited all these years before even writing to let us know.
The outcome is so much better than I thought when it first came to light. We are in a fortunate position that we had savings to cover this, but EU Property Solutions saved us half of the amount overdue.
It has made a dent in the retirement funds but better than having an unknown debt hanging over us to turn up at a less fortunate part of our lives.
