14 Dec 2007 3:24 PM:

Paul,

In order to remortgage with any Spanish Lender a new Lender will require a Mortgage Statement showing your up to date payments. If there are any missed payments you will not be allowed to remortgage. Some Banks ask for the last three months payments some upto 12 months.

As long as you maintain your current payments options open to you are to change your mortgage to interest only payments, especially if this is an invetsments/rental property  and to check for the best interests rates available to you. ** EDITED ** Commercial post

 

 

 

This message was last edited by MortgageAdvisor on 12/14/2007.
Thread: Can't pay mortgage

--------------------------------------