01 Mar 2009 8:25 PM:

Thanks Sharon, (+ Smiley)

 

Think you may be right about the 70% of the purchase price but why have they asked me to show the 30% in my spanish account just for a period of hours, is this just a way around the system then? I'm finding it difficult to get a straight answer from Bancaja due to not responding to my emails very quickly.

The property was valued through Bancaja and valued at 250,000 euros so I really do not see what the problem is. If the above is the likely reason sharon due you think a cheque for the 30% would be acceptable in the interest of showing in the account as a 38,000 euro balance just to allow this to go through.

Thread: advice needed on my mortgage

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27 Feb 2009 4:05 PM:

Hi Guys

 

I really need some advice, I started a mortgage application 9 months ago now with Bancaja, I am buying my parents property in spain with a mortgage of 120,000 euros, the property value is closer to 250,000. The bank have been constantly requesting forms which I have been assured by my lawyer they now have but still the mortgage hasnt been completed. The bank have today asked if we could raise 38,000 euros to put into our spanish Bank account just for one day to allow the mortgage to go through and then we will be free to removce the funds again. is this normal? and if so why would we need to do this. I'd love somebody's advice as after 9 months I'm pulling my hair out!

 

 

Thread: advice needed on my mortgage

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