Banco Sabadell Mortgage
Wednesday, September 4, 2019 @ 5:06 PM
Banco Halifax Hispana was incorporated in 1993 to serve the needs of Expat buyers in the Southern Costas in Spain. Many investors took out mortgages with Halifax as they were a trusted UK High Street lender giving them confidence in their overseas property purchase and finance they obtained.
Unfortunately, many borrowers now find that their loans are no longer with Halifax.
See the below timeline:
EU Property Solutions experience with Banco Sabadell to date has been positive. We met with the Bank in their Seville office in April 2019 and the Bank confirmed there are many Non-Performing Loans. They also discussed they are increasing their collection methods in the United Kingdom and Ireland.
EU Property Solutions experience with Banco Sabadell to date has been positive. We met with the Bank in their Seville office in April 2019 and the Bank confirmed there are many Non-Performing Loans. They also discussed they are increasing their collection methods in the United Kingdom and Ireland.
Many investors look to place blame with the Bank, they did not write these mortgages and instead are working with borrowers to end their Spanish Property issues. Their proactive methods and legal approach allow overseas borrowers the opportunity to dispose of their property with minimal costs and issue providing it is done through legal avenues.
We work with all core Spanish lenders and British lenders who still operate there.
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