In an effort to try and offload some of the property stock that many Spanish Banks now hold on their books due to developers going bust; a number of banks are looking at discounting heavily the properties and providing virtually no cash in deals to the right clients. Amongst the banks considering this are Sol […]
Monthly Archives: April 2009
22Apr
Finally Some Good News From The Spanish Property Market?
21Apr
Spanish Repossessions: What happens when you default on your Spanish Mortgage
Unlike Spanish mortgage advice, which is unregulated and could be given to clients by someone with no experience or knowledge, the repossession process in Spain is highly regulated. The Spanish Repossession Process The repossession process in Spain is very different to that of the UK. The rules applied by the Bank of Spain on banks […]
14Apr
Another Spanish Bank in Trouble? Latest Spanish Mortgage News.
The latest rumours coming out of Spain suggest Caxia Catalunya may be experiencing problems. Heavily involved in development funding Caxia Catalunya hope not to follow Caja Castilla La Mancha who have had the Bank of Spain step in to run and restructure it. Caja Castilla La Mancha like Caxia Catalunya was a large regional bank […]