27 Oct 2008 8:32 PM:
IMHO, unless I'd bought the property more than 5 years ago I would probably threaten to refuse to pay any money at all i and let them foreclose, which will take a while and then cause them to lose far more than 5k if they have to dump it on the market. Can a Spanish bank pursue you for the money in the Uk if they do? Maybe, maybe not, I'd check - they may just have to write it off, but if you have to borrow the money to pay the mortgage you can't afford the property anyway and if it reached that stage you may have to declare yourself bankrupt
Thread:
Reposesion in Spain
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