11 Oct 2007 12:00 AM:

Just got my home in Spain at last but I was most disapointed in the way Bank of Santander forced me into house insurance & life assurance.

I have adaquote life assurance to cover my home in UK & Spain, in fact more than enough.

I had also organised home insurance with a company in Spain to start as soon as the signing process was done.

On the night before signing I was told by my laywer that Santander wanted a crazy life assurance figure for one year and an expensive home insurance. I told them I had each sorted out and the next day the bank contacted me and told me if I didn't take their life assurance & home insurance I would not be given the mortgage. I was realy annoyed as I had forked out cash on Santander already with valuations etc.

They forced my hand but I was told later that I did not need to take life assurance with them. Can anyone clarify this. I have also been told that banks do this regular on the day of signing.

Thanks... Ste1

Thread: Bank Of Santander

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

08 Aug 2007 11:02 PM:

Hi alannah

Thanks for all the information and sorry for just getting back to you as I've just noticed your advice.

To let you know that I did not chase Parador over the bungle and I did get the letter to book flights asap to sign up.

To tell you the truth, The Bank of Santander have given me more information and advice as to what is happening than Parador or the abogados.

I now know that the LFO has been granted at last and the bank are or have valued the house. Fingers crossed all will be sorted very soon.

Once again, thanks

Ste1

Thread: Habitation licence

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

01 Jun 2007 12:44 PM:

Thanks for replying Rosi n

I got onto Banco Santander to push for the go ahead with the LFO. The lady told me another certificate, 'the completion certificate' was missing and they need that one?

What is a 'completion certificate?'

Thanks

Ste1

Thread: Habitation licence

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

26 May 2007 11:46 AM:

I got a letter from Parador to tell tell me the certificates had come through and to get over ASAP to sign.

Filled with excitement we booked flights and informed Parador.

Then we had an email from my mortgage provider who told me that the LFO was not in place and they could not grant a mortgage until there was one.

Of course, annoyed at losing my flights I emailed Parador who told me it was normal to get a mortgage without an LFO and it was just my bank being the problem. I can see here that it is not my bank and if there is paperwork missing then it is not complete.

Very annoyed

Steve

Thread: Habitation licence

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