Spanish mortgages

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18 Sep 2007 12:00 AM by normascott Star rating. 8 posts Send private message

My husband and I and our two sons are buying an apartment overlooking Campoamor Golf Course.  The problem is our two sons have a Spanish mortgage but in the two years since they took it out it has risen nearly double from just under 3% to nearly 6%.  Does anyone have any ideas what would be the best way forward, they have young families and mortgages in England,where they live, so cannot carry on paying these increases.  None of us want to sell our apartment but my husband and I are not in a position to help either with the extra mortgage.

Many thanks

This message was last edited by normascott on 9/18/2007.

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18 Sep 2007 9:21 PM by Cioffi1 Star rating in London & Calahonda . 216 posts Send private message

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How about trying to rent it out for a few weeks a year?

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