We spent the next 6months looking for a mortgages though mortgage brokers this had cost as time and money, the first one looked at all papers asked for copy of valuation, and looked at a few banks that might be interested, but all came back with the same answer as before that while the work was being carried out on the property it was not habitual. Therefore, if anything were to go wrong, they felt it they would not be able to sell it. After all, it was still a building, on land, that has a value.
We then went though a broker in UK and he found a bank that would be interested and we filled in all the paper work paid some admin fees to the broker and everything was going fine, then at the last minute the bank pulled out saying that they had changed they criteria and we now did not meet this, the broker tried to fight this for us stating the we had started the process before they decided to change this. But the bank came back to say there would not loan us the money.
By this time we started to think that it was not to be, we would not be able to buy the property and our dream was lost.
If I gave up on this dream I would always think what if ! So I was not going to give up, although friends and family thought we should give up, as they thought it was not to be.
I went back to broker to find out if they was anyone else out there that would be interested, we also went to a Spanish broker to see if they could find a bank.
They was a couple out they that was interested, so we went over the same process again of providing all the information the banks wanted, having a valuation done.
One bank got to the point of an offer when valuation was sent to their Head office; they stated that according to the land registry the property did not exist so was illegal, what again this is coming up. On requesting copy of valuation, he visited the right place, but on pinpointing it on the cadastral map he had the wrong plot, so all information there took from this was all wrong. I highlighted this with them, and they relook at it, but came back later with the same story. Which again I told them how could this be when the seller as a mortgage for the property. Again we was told no, but also |I had lost confidence in the bank due to the errors that was made.