I was wondering if there is a facility for someone like myself looking to get a property in spain , and someone who is looking to sell , or has to sell , or the bank is going to take the property , to take over the mortgage .
I have been reading that when a bank takes the property of someone they normally take it for 50% although I believe this is going to 60% possible , this leaves the person with possible negative equity , and until the house is sold , mega mega fees etc .
I cannot afford the 30% deposit and all the fees to buy a 2nd property , but I can afford the mortgage payments .
So my thinking was I could take over the payments , they would not be sadled with all the debts and eveyone is a winner.
Everything you need to know about property in Spain
Login or Register to read articles without any adverts in the text.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.