28 Aug 2019 10:29 AM:

Thanks Acer for your help, i will be dropping my UK broker a line this week to see what options are available as i wasnt aware BM Solution lent on overseas investments. 

Thread: First Time Purchase in Spain

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27 Aug 2019 6:08 PM:

Kavanagh - your point has been taken on loud and clear👏🏽

Thread: First Time Purchase in Spain

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27 Aug 2019 3:54 PM:

Thanks for the replies today....

@mariadecastro - Thank you will be in touch

@windtalker - I have considered this option and am currently looking further into it to see if its viable for my family and I.

@Kavanagh - tell me something i dont know or maybe a work around, but to recommend shelving my family dreams is hardly helping or constructive so with all due respect if you dont have any further ideas please do not comment.

Thread: First Time Purchase in Spain

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27 Aug 2019 12:10 PM:

Hi everyone, so ive taken some time away to dig deeper into this topic and unfortunatly Ive hit a bit of a dead end.  When i was last corresponding on the thread i was in full time employment as well as having several investment properties, nevertheless circumstances have changed and i'm no longer working for a company but reverted to self employment status as full time landlord in the UK as i have been for 15 years.

After reaching out to the banks directly it was put to me that in order to qualify for finance I would have to be in full time employment, when I tried explaining my situation they didnt seem to be too intrested.
Is anyone else self employed and know a forward route that i can explore to secure financing to make our first purchase in spain. 

We have a good deposit to place down and regular income from rental properties secured on ASTs.

Thanks

Thread: First Time Purchase in Spain

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30 May 2019 6:43 PM:

Thank you everyone for their input on this & the various factors you have each added.

My family and I are not limited to the La Manga area but living by the coast for us is a must, the airport is within an ear shot so getting back to the UK for business is essential for me.  We will use the property as a base to start while we get our residency in place etc etc with the intention to rent it later on down the line, hence the coastal property near major trans links & golf course are positive rental factors.

@Roberto - Your totally right, my reason for this expidition is for my kids, they are still very young so my wife and I are taking the opportunity to grab hold of the lifestyle we've always wanted.  I'm in talks with the Bank and a Broker (IMS) anyone had any dealings with them?    

@Kavanagh - Thanks for this info i was unaware this was the game they play, I have several investment properties in the UK and have always used a broker who never charged.  I will proceed with an application with both and see who comes up with the best product before proceeding.

@Jimbofinn - Been looking on Solvia, but thanks for your input

@Jarvi - Recommendations on a solicitor?

Sorry if i couldnt answer everyone

 

Thread: First Time Purchase in Spain

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