Best mortgage deal ?

Hi Mike

I instructed Lex to take this up with the developer and they have now agreed to do so.

 I agree the relationships between them VIVA and developers are very cosy. They ALL make money out of us and are loath to take issue with each other on our behalf.

I am aware of the extra costs of taking out new mortgage but wasn't planning to take a mortgage at all.

You cannot be charged for something you don't need!!

Part of the contract package with many off plan projects is to provide a "mortgage service" to tie in the deal on completion of the development. In most cases the terms are not always the most favourable and the loan is NOT guaranteed anyway has you would I have no doubt had to prove your ability to meet the repayments from your UK net income!

 Keep on top of the Raul's and Manuel's at Lex, like most of them their they do react when you constantly press them! I would also request that they send you copies of all contact with the developer relating to this issue has they have a habit of using their mobiles rather than the written word.........

Hi,

Have read with interest the thread on paying builders cancellation of mortgage. Both we and our slolicitor challenged this on breakdown figures. However the Halifax would on no account back down on the matter, but kept assuring that it would be refunded into our account. I have emails printed with this stated from them. I did ask my solicitor to agree to this providing they would put a clause in the contract to ensure the payment would be refunded. Halifax refused to do this, insisting it would be done in due course. i instructed my solicitor to go ahead with completion as there was no way the Halifax were going to back down. I will keep you posted of the outcome.

Gina

Now look here Patrick................

I'm pleased to see you are agreeing with me Pat but why do you always have to express yourself more (eleqently) than me? If only I'd stayed on at school till I was 12!!

Another confession "I wus born in Oldham" it cud have happened to anyone yer now...............................

Nice one Pat.

By the way "What's an A level" ? I've never seen one in any lift I've been in!!

I´m hunting around for the best mortgage deal at the moment.

I have seen ING who offer Euribor + 0.33%.  No opening commission to pay and I can pay off capital for free too.  They will lend me up to 90% of the value of the property.

Sounds streets ahead of all the others. 

So what´s the catch???????

Hi njg1225,

No catches, BUT this mortgage is only available to residents of Spain, i.e. live and work in Spain.  

Regards

Sharon

Thanks Sharon

No catch seems too good to be true!

I´ll give them a call this week.

Anne

PS - Probably ought to explain that I have somehow managed to register myself twice on this forum (don´t ask!). So the OP is my alter ego!

Hi, I worked for Viva in Murcia (just receptionist) and I worked closely with Lex-Marbella: they had an office run by a funny little chap. I'm taking Viva to court to get my money and: be very careful with this firm of lawyers, as they have just closed doors in Murcia and washed their hands off. Clients are desperate and some about to loose not only the deposit but also first payments (30-40%).  The situation is the following for these people: they have to pay Viva and thge lawyer (probably they have already done), but non of the both are around anymore to assist them, and may face serious legal difficulties. They play also with the advantage that you are foreigners, don't know the law and most of the clients do not live in Spain.

It seems to be a regular practice in this country (I'm Spanish) to get the money and start running before somebody asks you to work.

My advice is that you place an official complaint at the "Colegio de Abogados de Málaga" and at the local "Consumers office" and another one at "Defensor del Pueblo", this last one is the last resort when you don't know what to do. Hopefully somebody will do something.

Also, get together, all the people that feel they have been lied to, not only by these 2 particular companies, but in general: whoever has a problem with buying/completing a property and try to make a major complaint before the Junta de Andalucía. And see what can be done. Maybe there's a reaction and laws are improved.

It's not acceptable that you don't get a bank guarantee, or habitation certificate, or bad quality or the building license is not there or it has been revoked by whatever authority.

I can assure you that there're good professional in Spain too.

ADH has also shut some doors - e.g. in Sabi.

Lou,

There are still some good deals around, but what is important is that really it all depends your circumstances, critetria and requirements. It can be difficult getting all your 'eggs' in one basket, so it is a case of considering what conditions are important to you in a mortgage and seeing how your critetria fits with particular products. The best deal may not neccessarily have the best conditions for you.

Good luck!