Spanish Property Insight › Forums › Spanish Property Forums › Property Questions & Answers › Can’t afford to carry on with mortgage payments › Reply To: Can’t afford to carry on with mortgage payments
I feel that the current state of the property markete has been made worse by people who know little if anything about investments, being able to borrow 100% to buy an overseas property. Or, re-mortgaging their main home to raise a deposit then borrow the rest.
Let’s have the days back when you had to have 20% of the purchase price as a deposite and not re-mortgage to obtain it.
Remember, people are greedy and many who are ignorant regarding such matters are more greedy.