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Hi there, Bought off plan at end of 2003 - was getting a divorce and had some capital. Suffering from emotional trauma i did something very uncharacteristic and bought a property - a penthouse no less off - lured by idea of resale before completion. After some time seeing the world I returned to the UK, settled down and began to think of what i had done. Met two of the further stage payments but couldnt afford the third. Thankfully was able to negotiate with the developer and downsized my apartment. It is now, after many false rumours been finished and the habitation licence has been issued. Being pressurised to complete asap but drowning in a sea of mortgage offers. I am trying to hide the fact that i have a mortgage in the UK - it does not show up on my credit reports - not through my bank account - and it is the only way i will be able to borrow sufficient money.... If i get a 70% or 80% mortgage even after paying fees i will get enough capital back to put in the bank and then pay the mortgage for the next two or three years.... hopefully i may also get some rental income to help out.... my belief has to be that i will be able to sell somewhere in the next 3-5 years to at least recoup my investment - is this a vain hope? is the rental market good? my property is slightly inland and i have been told this may be a problem.... also who do i trust for my mortgage - many appear the same - do not want a spanish bank account if i can avoid but many UK lenders wont allow me to rent... what happens if my mortgage in the UK is discovered??? Should i go for snagging and to sign? once i sign will any faults then found be fixed? HELP - losing much sleep over this and need to make some decisions asap - currently thinking of interest only for as long as possible - to allow me time to sell .... does this seem like a good idea - also trying to borrow the maximum i can even though it costs a little more on a monthly basis - on the grounds that i will then have more capital to reinvest at home?? Any ideas or advice -please, please please
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You need to get hold of Smiley - resident mortgage broker who offers sound advice. Best thing to do is send him a private message or email him direct on
Smiley - patrick@marbellamortgages.com
Good luck
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Quite frankly m'dear, I don't give a damn!
www.herbalmarbella.com
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KING,
I agree with Rixxy,
Patrick (Smiley) is absolutely genuine, he's a top professional (a very rare commodity to be found on the CDS) and I believe he's a man of integrity. I'm sure he will give you some very sound advice....
Having had the pleasure of meeting up with Patrick and his family over Christmas I would strongly recommend that you contact him. You won't be disappointed! Take some time to look through the various message boards for his valuable contributions, you'll be amazed at his wealth of knowledge.......
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Mike T
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Mrs. Smiley here. Well it's 9.45pm and I don't know what's happened to Patrick. He left the house this morning at the usual time (9.30) looking rather dapper in a suit and tie, so I can only assume that he was anticipating doing some work today instead of sitting at his computer reading Viagra adverts, sending out jokes and contributing little gems of information to Eye On Spain! And he's missing the United match. Watch this space - hopefully he'll be back before the final whistle!
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By the way, thank you for all the lovely comments about Smiley. I'm probably a bit biased but he knows his stuff and genuinely likes to help people where he can (except when he's being a grumpy old git, which is probably 95% of the time).
We think you're rather gorgeous too, Mike! This message was last edited by Rose1 on 8/14/2007.
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Hi Rose,
Did he come back then? Did he get it with the pancake pan, or did he get a pancake?
We need to know ALL the lates goss on him!
And King, I will reiterate the posts on here...SPEAK TO SMILEY! He is an extremely well thought of contributor to this forum, that's if ever Rose let's him back on here!
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FibbyUK
One off fee to pay your own La Renta tax (210 Form)
Check out my website:
http://www.payingtaxesinspain210form.pwp.blueyonder.co.uk/
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This message was last edited by JeansSis on 5/17/2007.
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This message was last edited by JeansSis on 5/17/2007.
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Hi all, and especially smiley!!
very relieved for all your help and advice - highly recommend smiley to others....more than likely will move forward with him ... checking facts and figures tonight ... but thanks to all concerned - will post something on the other thread to just to keep everyone right - had been worried at first that i had posted in the wrong place - new to this!!!
Reading all information on other threads for lots of info - have advised others to come here too - keep up the good work
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My partner posted the first one - i posted the second (below) the name comes from an abbreviation of King of the Road 9499 - the numbers being part of his car registration plate and the words are a reference to his long distance driving history - it also relates to an email address.
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