08 Mar 2009 10:31 AM:

 

Hi Sandra

I cancelled the life assurance because it was 600 euros for each of us. The completion payment of (circa 1500 euros) is more of a mystery, the last time I challenged it I was told that it was bank commisions but ive never been told the same thing twice (I was also told that it was a completion fee)

This cagey attitude leads me to believe Alb when he says its "an idemnity fee, to service an mortgage default shortfall, after auction"

Im glad you got your interest only deal. 

  

 

Community thread: Interest only mortgages

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01 Feb 2009 1:04 PM:

 

Caja Murcia will offer you an interest only mortgage for 2 years but this is only offered if you make distressed call or email to them. In other words tell them you can not afford your current payments. They do understand that the exchange rate of sterling is crippling us all and the last thing they want is a mortgage default. 

 

This message was last edited by mark/jan on 2/1/2009.
Community thread: Interest only mortgages

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29 Oct 2008 11:03 AM:


I have paid my community fees up to February but I have received no acknowledgement. I paid into the bank account details supplied. Who can I email to confirm that they are in receipt of payment? 



Community thread: Community Charge

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15 Sep 2008 3:42 PM:

Hi Daz

A lot of people have been repossesed and most mortgages (less than 80%) do not have an indemnity policy. But most people have bought,  thought it through and considered the implications of currency fluctuations and interest rate rises. Its the lack of transparency from the solicitors, banks and spanish property guide that is so appalling. If I thought that a property purchase in Spain was a risk to me in Britain,  then I wouldnt have chanced the risk. Please give me a ring or a text sometime and we can talk about good rental websites etc. I have a non business pay as you go, its 07786928549.

Community thread: Car hire Full/Full Malaga Airport

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13 Sep 2008 7:32 PM:


Hi Daz

They dont come after you for the sort of money you talking about, it would cost them as much as they would recover, also as Alb states you are covered by an indemnity that Caja Murcia charged you for but didnt tell you about. If you walk away it is unlikely that you will ever  hear about it again. However if we walk away we are cobtributing to the so called "credit crunch" and we would be putting financial pressure on the remaining residents of Mar Y Sol. We should try to stick it out and hopefully we will be glad we did one day. 

Community thread: Car hire Full/Full Malaga Airport

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