24 Mar 2017 1:27 PM:

Hello Frank,

Before you consider a mortgage, make sure you obtain competent advice about Spanish mortgage law, which is completely different to UK law.  Any changes to a mortgage can be very costly, because they have to be noted at the land registry, so if your situation changes in the next few years you may find it difficult or costly to make adjustments to your mortgage.  Details of your mortgage are included in the deed of purchase so it's never as simple as negotiating with your bank.  Do it if it works for you, but make sure you know exactly what your rights are over the full length of the mortgage term, and what terms and conditions you are signing up for.  For example I have known it cost 1100 euros to make an amendment to the mortgage.

Best wishes.

 

Forum thread: Late starter for a Spanish mortgage

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16 Jun 2016 1:38 PM:

Unable to send you a private message Deepriver2, it's saying you have an invalid email address?  Are you able to send a message to me?

Community thread: Successful recovery of deposits continue at Medina Elvira

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14 Jun 2016 8:52 AM:

Hi Deepriver

I would be very interested to talk to you. I'm really busy today but will send you a pm as soon as I can.

 

Community thread: Successful recovery of deposits continue at Medina Elvira

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28 May 2016 2:41 PM:

If you buy it knowing that it is on rustic land, and want to spend the time and money to try to get it legalised, bear in mind that if it does all go wrong you can't claim that you bought it 'in good faith' not knowing that there was a problem.  We own an illegal property, which was bought in good faith, and it's no fun. 

Just don't. Find something that's legal.

Forum thread: Urbanisation turns out to be built on rustic land... buy or run ?

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26 May 2016 10:05 PM:

Have you had any luck contacting any of those people?  I've had contact with lots of people involved at Medina Elvira, but don't recognise any of those names.  Will trawl my emails.

 

Community thread: Looking for the following - please contact me urgently regarding Medina Golf

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