Tag: Spanish mortgage
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No way out?
Recently and as a result of the sum of several factors such as the unstoppable fall of the sales of properties and an increase in mortgage defaults, Spanish banks have accumulated more than 150,000 million euros in property assets. Assets which, incidentally, the banks do not want but the truth is that since October 2008,…
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Struggling Britons seek ways to offload Spanish holiday homes
Higher mortgage interest rates in the Eurozone, a fall in the value of the pound and the effects of the recession mean that many Britons who have bought holiday homes in Spain are now struggling to meet their monthly repayments. Our firm has seen a rise in the number of people seeking help to renegotiate…