22 Jan 2009 6:24 PM:

In this market and political climate I would not take any risks and 2 bedrooms is a sizeable extension.  If you really like the house ask the owner to get the extension legalized and added to the deeds (or at the very least ready with a declaration of obra nueva that any nmotary will accept to amplify the house) and then purchase it, NOT the other way round!  It is the seller´s responsibility to have the paperwork in order.

Thread: Buying a villa with planning permission issues

--------------------------------------

19 Jan 2009 2:26 PM:

THank you Maria, that´s a weight off my mind!!

Thread: Loan guarantor

--------------------------------------

17 Jan 2009 6:24 PM:

Hi Patrick,

THanks for your long reply, the mortgage is not on my holiday home but my permanent home and I am a spanish resident working here autonoma...........we receive bank statements without a problem but have never received notification of a change in our mortgage and I even checked our mortgage account on the bank website this year, absolutely nothing, no info beforehand whatsoever.........

I know it is not a problem of their making (althought I think most banks are culpable where this mess is concerned, even spanish banks work on a bonus system) but equally it is not of ine and I am only looking for some help/support, not a loan or to deault or more complications, just a little understanding............as autonoma I cannot do anything or receive any benefits if I stop working - my only option is to work 100% on the black and my integrity does not allow me to do that........

 

Any advice?

Thread: Bank / mortgage problems.

--------------------------------------

17 Jan 2009 12:00 AM:

If you guaranteed a loan for someone (ie signed at the notary as guarantor of the loan, not a mortgage)  and the borrower fails to make repayments for 3 months then can you, as guarantor simply pay the arrears and make the monthly repayments in future?  Or does the bank have the right to call in the entire loan amount oustanding and take action, such as embargoes, (if guarantor doesn´t have that money lying around), against the guarantor?

Thread: Loan guarantor

--------------------------------------

17 Jan 2009 2:57 PM:

You or your official authorised representative signed for the apartment at the notary and thus you own it fully and not via private contract?  If so then what was your solicitor doing allowing the mortgage on that property to continue? 

Similarly if your solicitor allowed you to make 100% payment withoout signing at the notary then he or she was negligent in that respect......

If ARoca (do you mean Aruka?)  signed with your power of attorney and allowed the mortgage to continue then they are negligent........this all sounds a real mess, I hope you get it sorted soon

Thread: Spanish property problems deepen

--------------------------------------