- January 14, 2013 at 6:12 pm #57224
Really need some help and advice please…!!!
My partner brought a villa in Spain with a family member.
This was some years ago now. It was brought as an investment but later the family member subsequently moved in to the villa and now lives there.
The problem is my partner and I don’t know whether he is still on the mortgage as there has been a family dispute and know there is no communication between the them.
How do I find out if he is still on the mortgage? The mortgage was with Caja Banko but apparently they were taken over by another bank?
Any help / advice would be appreciated as we want to buy a property together but first need clarification over this.
- January 15, 2013 at 10:14 am #114627
“The problem is my partner and I don’t know whether he is still on the mortgage as there has been a family dispute and know there is no communication between the them “
Your partner will be on the mortgage as any changes has to be notarised. Does your partner recalls going to a notary to take his name out of the title deeds & the mortgage ?
In the mean time some one is paying the mortgage instalments or has paid the mortgage off ??? If your partner is not paying his share than your family member is paying otherwise the lenders would have been chasing your partner.
If you cannot find out who took over Caja Banko. I than sugguest you get in touch with a gestor, who can find this information at a small fee.
Also do not overlook that your partner may have some equity in the property. Besides if your partner buys another property. He/She will have more than one property in Spain this will require more paper work, i.e. taxes & appoitment of a fiscal representative etc.
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