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21 Oct 2012 9:12 AM:

Hi the mortgage was taken on as the first year was interest only the rest repayment! We have already instructed my Spanish lawyers and sent them the mortgage statements but the seem to think all is in order but I am not sure they are working in our best interest. The bank would like us to accept the offer of 100.000 euros then that will leave us with an 80.000 loan and nothing to show for it.can anybody point us in the right direction with this?

Thread: Uci bank

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20 Oct 2012 4:22 PM:

Can anybody advise me on the following I purchased a property in Spain back in 2006 for 215.000 euros and obtained a mortgage through uci for 165.000 euros I am now in a position were I am now not able to keep up with repayments and have asked for an up to date mortgage statement I have now received this and was shocked to find I now owe 167.000 euros I have instructed a Spanish lawyer in Marbella to help me with this matter but really unsure of the advise being given. I am in contact with uci and they are now saying they have found a buyer for the property and have an offer of 100.000euros what they would like me to accept. They are saying if I accept this offer it will leave me a balance of about 80.000 euros to pay as they have added on various charges ie agents charges of 4per cent etc. I live in the uk and have no assets now as I sank all my savings into the Spanish property. I have been told that various Spanish banks can not come to the uk to chase the debt is uci one of those? Can anybody help me with some advise.

Thread: Uci bank

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