Are all banks like this?

Lizzie said:
Monday, December 10, 2012 @ 5:02 PM

The banks just want you to pay, full stop...they don't want to offer you interest only because it's less money for them and they are desperate for every cent. So many people are in arrears that the bank staff are being told to go hard on people.

I know of banks who have called someone at 3am to 'remind' them that they are behind on their mortgage.

Our bank manager shouted and banged his fists on the desk when we were trying to negotiate with them. No, we have a guarantor and they want all the repayment each month no questions asked.

Yes, you can ask for interest only. They will probably tell you that it doesn't exist in Spain, that you can't do it... blah blah.

If you are able to pay only interest don't assume that it's for free... you'll have to go to the notary to sign a new deed stating that you are paying interest only and for only a set time. I think friends paid 900 euros for this?

Then, when your interest only period finishes they'll probably put you on a higher rate of interest than you might have been on before.

The banks want your money. Keep trying to pay or else speak to a solicitor about handing the keys back. I believe the banks will try to chase any assets you may have back in the UK since so many people have done runners....

Hey ho.... keep calm and carry on :)