Monthly Archives: October 2009

26Oct

GMAC Spain Look To Close Down All Their Operations

GMAC who two years ago withdrew their self certified product from Spain are now writing to existing clients to try and reduce their Spanish mortgage book so they can remove their administration centre from Spain in its entirety. GMAC Spain are offering clients a reduction of 10% of the outstanding capital owed and to cover […]

16Oct
16Oct
14Oct
14Oct
08Oct

Spanish Mortgage Advice in 2009

Mortgages in Spain annual reviews Many property owners in Spain who have loans have been looking forward to their annual review. Because Euribor rates peaked last year at over 5% and are now 1.41% mortgagees have been expecting their mortgage to rate to drop to around 3% or below. For most people this has been the […]

08Oct