morgages

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
09 Jun 2012 10:32 AM by dibsy Star rating. 2 posts Send private message

 Are the banks in Spain in favour of letting people in distress have there morgage taken over by a willing party.





Like 0      
10 Jun 2012 12:50 PM by jaldridge Star rating in Manilva. 144 posts Send private message

jaldridge´s avatar

Of course, as long as they can afford it!

This is called "subrogacion" in Spain.  BUT, the person taking over the mortgage and the property has to go through the usual checks with the bank to satisfy them that they can afford to pay the mortgage.

Subrogacion can be popular because you don't have the costs associated with opening a new mortgage, so there is a saving to be had, but from a buyer's point of view I don't think it's actually any easier in terms of getting the actual mortgage.



_______________________

Justin

EOS Team




Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

Ripped off !!!! - 5 posts
Hi from newbie !!!! - 0 posts
VICTORY FOR FINCA PARCS ACTION GROUP LAWSUIT 2 IN FIRST INSTANCE COURT IN HELLÍN - 262 posts
MURCIA AIRPORT Dont Book GOLD CAR - 10 posts
Electric Heater/Gas Bottle/Bikes - 0 posts
Gar Bottle - 0 posts
Alloy fold up Bike - 2 posts
Community fee debt on repossessed property - 2 posts
Moving in Soon - 3 posts
Bank Charges La Caixa ... - 3 posts
Town hall rate's - 5 posts
How Are Things in Your Area? - 58 posts
Interior decorating costs? - 6 posts
- 0 posts
COSTA LUZ LAWYERS DID IT AGAIN! - 3 posts
Unlocked Mobile Phones - 2 posts
internet help - 4 posts
Hello from barcelona - 2 posts
How to find out which company has brought the unsold apartments at auction. - 12 posts
New "kid on the block" - 4 posts
moving my mother to spain - 39 posts
transferring money - 30 posts
3% Tax? - 27 posts
WANTED: 4 Bed Long Term Property to Rent (1-3 years) Maybe Rent To Buy - 1 posts
Summer again!! - 0 posts

Number of posts in this thread: 2

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:
Email:


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x