Comments for Antonio Flores' Blog

Comment on Cannot Keep Up Repayments on your Spanish Mortgage? Not All is Lost by » Sterling Plunge: Not All Doom and Gloom - Antonio Flores’ Blog

» Sterling Plunge: Not All Doom and Gloom - Antonio Flores’ Blog — Mon, 05 Jan 2009 09:37:08 +0000

[...] you live in the UK and have a property in Spain, and you are struggling to pay the mortgage, I would advise that you rent the property out, even if it’s below market rental value. You [...]

Comment on Spanish Express Eviction Law Pre-Approved by Spain changes property law : Property Roadmap

Spain changes property law : Property Roadmap — Mon, 29 Dec 2008 08:03:30 +0000

[...] Source [Marbella Lawyers] Filed Under Abroad, Costs, Property, Rental [...]

Comment on Cannot Keep Up Repayments on your Spanish Mortgage? Not All is Lost by carol

carol — Thu, 11 Dec 2008 08:52:04 +0000

Hello Antonio
The property is in Pedreguer, it is a modern spanish townhouse, 5 years old.

Comment on Cannot Keep Up Repayments on your Spanish Mortgage? Not All is Lost by Antonio

Antonio — Wed, 10 Dec 2008 18:54:42 +0000

Hello Carol,

I suggest that you now tell the bank that you cannot pay mortgage instalments any longer and that you would like to speak to the manager to agree on transferring the property to them in payment of the debt. Depending on how much loan that property has you may be able to sell it to investors that regularly knock on banks´doors. Try these 2 things. Where is the property located?

Comment on Cannot Keep Up Repayments on your Spanish Mortgage? Not All is Lost by carol

carol — Wed, 10 Dec 2008 16:32:38 +0000

Thanks for you reply, re rentals with regard to dacion de pago, can we ask for this or do they have to suggest it? Our bank are being really unhelpful and phone everyday asking us to pay in money that we just dont have, when we say we are paying all we can they are just rude, and say, you must pay, we cannot pay anymore and are now 1 month behind we would just like to walk away but are not sure if its possible please help

Comment on Aircraft Accident Puts Law Firms in the Spotlight by Paxil Birth Defects

Paxil Birth Defects — Tue, 09 Dec 2008 06:42:00 +0000

One who dosen’t obeys the norms & laws themselves, they can never be good legal advisers or can never provide legal assisstance to any indiviual.

Comment on Common Misconceptions about Spanish Rental Contracts by Antonio

Antonio — Sun, 30 Nov 2008 19:35:19 +0000

Ashley, without reading the contract it is difficult to tell but in principle the landlord could have the right to enforce the contract up until the contract period although in practice very few landlords, if any, do actually take further measures other than keeping the month of deposit paid upfront.

In any event it is important, when finalising a rental contract prior to the agreed date, to sign at the bank of the original contract a short note indicating that the contract is terminate earlier and that both parties have nothing to claim from each other.

Comment on Cannot Keep Up Repayments on your Spanish Mortgage? Not All is Lost by Antonio

Antonio — Sun, 30 Nov 2008 19:20:26 +0000

The bank can certainly take funds from one account to try to square up the other one and this is why we recommend to have an account either opened in the name of a family member, where the direct debits are to be taken from, or have it opened in a different bank.

With respect to changing the mortgage from a capital repayment one to an interest only this procedure can never cost 2000 Euros as there is not tax involved. I suspect that the people at the bank are trying to discourage you from proposing changes as the cost of changing is no more than a few hundred Euros.

Comment on Cannot Keep Up Repayments on your Spanish Mortgage? Not All is Lost by Julie

Julie — Sat, 29 Nov 2008 15:04:32 +0000

I have a mortgage with Banco Valencia. I also have two accounts one to pay my mortgage and
the other to pay my other bills. My mortgage payments have been running one month behind
but this month the bank took 100 euors from my billing account towards mortgage fees
without asking. Are they allowed to do this? Are they allowed to take money from an account
with another bank? We have spoken with our bank and they are not very helpful. They say
that if we make any changes to the mortgage it has to go back to the notary and we have to
pay about 2000 euros in fees. Is this correct? Please can you advise me. Many thanks

Comment on Common Misconceptions about Spanish Rental Contracts by Ashley

Ashley — Fri, 28 Nov 2008 20:34:17 +0000

Dear Antonio
What is the law regarding a tenant wanting to end the tenancy early before the end of the contract period. Are they liable to pay the full term?