Private Mortgages is there a market?

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Mark Stücklin Mark Stücklin 1 year, 4 months ago.

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  • #186866
    Profile photo of Jonty
    Jonty
    Participant

    my partner and I sold a property in June last year. This was free of any mortgage or other charges.

    To facilitate the sale we granted the purchasers a mortgage, approx 60% LTV,   on sensible terms. This is registered in the property register and notarised. The purchasers have met every payment on time.

    We would now like to sell the note. In the USA there is a well established secondary market in such mortgages but I have been unable to discover one in Spain or Europe. Does such a market exist?

  • #187069
    Profile photo of Mark Stücklin
    Mark Stücklin
    Keymaster

    Jonty,

    There is no secondary market for private mortgage loans in Spain. If you want to get out of that loan, you’ll probably need the counterparty to take out a mortgage with a bank and pay you back.

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