If you walk away from your mortgage, there is an increasing risk that Spanish banks will pursue you in the UK for the money you owe them if they have to sell the property at a loss. If they were to do so, it would affect your credit record in the UK. It’s not something I have looked into in any detail, but what with European integration people need to consider this. I’ll be looking at it a lot closer now, but if anyone has any reliable info on this subject, I think we would all be interested.
Mark
