Once again what do we do? Give up or keep tiring. We decided to pay a visit out to Spain to see if they were any other problems, also to see it there was anythink we could do. I had spoken to vendor about the last set back, which is was quiet angry about due to the fact it kept coming back that the property was illegal,he was going to speak to the bank himself because he felt that it was all wrong, because all paper work that was in place and the fact as said before the town Hall had granted us planning permission for the renovation, which they would not have done on an illegal property.
He also came up with another idea on taking over he’s mortgage (which I found out that you can do this in Spain) and paying the difference from the mortgage and asking price, which we had re-negotiated again due to fact that house prices was falling fast in Spain, as well as in the UK , and was based on the last valuation that was done.
We went out in May 2009, had a great visit first staying with the father-in-law in Elche and then driving done to Almeria and staying in our favourite B&B and meeting up with the vendors bank Manager, which he agreed that they would be no problem in taking over he’s mortgage, we supplied him with all the information that he required (don’t know how many times we have how given banks etc our details).
The only thing now was that he would submit it to he’s Head Office for approval, which as he said at one time he would have had the authority to ok it, but because of the credit crises, everything had to go to them now, which could take one week or several, and how the Spanish work, months.
We also went to the solicitors just to make sure that it would be in order and the contact that he would have to draw up to make sure it was all legal, which was no problem as all parties involved was ok with this, including the vendors ex wife..
We also found out that the proposed golf course that was earmark across the way from the house was still going ahead; we visited the offices of the promoters who had plans of it laid out and the details of site and work involved. This would take about 2 years to be developed by the work involved, so this would give us the time hopefully to buy and renovate the property before it was finished.
The rest of the time we spent in Spain was enjoyable, time went very quickly and in no time at all we was back home.
Several months past and phone calls back and forth to the vender on any news from the bank, but no news yet. We also tried to look around again to see if there was any bank that would be interested.
Out of the blue some months later I had phone call from the solicitors that was acting on behalf of the vendors ex-wife, firstly to ask that we was still interested in buying the property, as it had gone on for so long now, and secondly he would be able to assist in helping us find a bank that would be interested giving us a mortgage (its not what you know, it’s who you know as the saying go`s).
find out next time what happen`s