thanks for replies the mortgage was in joint names with my brother , only i signed the mortgage papers at the bank . does this make any difference .
i have a mortgage with cam bank for 175000euros the proprty now probably worth 80000, if iwas to stop paying does this bank have history of chasing the debt in the uk, is there any way out of the mortgage without being made bankcrupt in the uk
i listened to marias pod cast re handing back keys , i also have a mortgage worth more than the value of my property ,a lot more , if i was to try to hand back this property what gaurantee is there that the bank will not chase me in the uk or if they can make me bankcrupt. why would they simply let me walk away . if there is away to hand back negative equity property with no definite comeback i need this option .
after 4years i have finally got all my money back via bank guarantee . a big thank you to everyone at gva solicitors , especially andres , david and kikka, they got all my original deposit back plus all legal fees and interest , i am so lucky that ihad such a professional team on my side .
i have had a disscussion with a friend who also has a property in spain he owes 180000to the bank on his mortgage and the property is worth about 140000 approx , he wants to hand back the keys and thinks the bank will not chase him for the balance , i believe they will , who is rigth .