Can you take over someones mortgage in spain .


Viewing 0 reply threads
  • Author
    • #56886

      Hi ,
      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.

      I am sure this must of been tried before ,


Viewing 0 reply threads
  • The forum ‘Spanish Mortgage Questions’ is closed to new topics and replies.