I can’t afford to pay my mortgage any more. What can I do?
Friday, July 8, 2011 @ 7:01 PM
Spanish legal advice
We had an enquiry early this week from a reader:
We purchased a property in Spain three years ago using a mortgage from a Spanish bank. Our circumstances have now changed and we are unable to continue the repayments. If we stop paying, we assume the bank will re-possess the property. We would like to know the legal ramifications.
Our legal adviser answered the questions: stop paying spanish mortgage