You may have various options available to you, but it is vital that you understand what those options are before starting any formal procedures with your Spanish Bank.
Banks in Spain operate according to different regulations to UK banks, therefore it is vital that you are well informed and educated about their priorities, before any communications with them.
Failing to understand the priorities and regulations that Spanish banks have before speaking to them may worsen your situation, and so, early legal support from a specialist solicitor is always advised.
Ignoring the issue and failing to engage with the Bank will likely result in late payment fees and interest penalties added every month, only escalating your debt further. If the Bank in Spain eventually end up repossessing the Spanish property, the further legal fees are likely to swallow up any equity that you may have in the property.
How Judicare can help
Depending on your situation, there are various ways in which we may be able to help you with your case.
Available options and benefits include:
- Assessing your case and advising you on your best options moving forward
- Our expert solicitors can negotiate with Spanish banks on your behalf, working toward a best- case scenario where your mortgage debts are written off
- Our primary goal is always to negotiate a full and final settlement of the mortgage debt. Banks in Spain may wish to settle the matter themselves, as opposed to having to seek the legal enforcement of the debt in a foreign jurisdiction
Why work with Judicare?
Our legal team at Judicare have extensive experience assisting clients to handle mortgage issues with Spanish banks. To ensure comprehensive protection for our clients, and as a firm of Solicitors, we are regulated by the Solicitors Regulation Authority (SRA) and as such we carry professional Indemnity Insurance. Unregulated firms cannot offer the same safeguarding for clients, and as such, may put individuals at legal and financial risk.
Additionally, we are members of the Association of International Property Professionals and devote ourselves to promoting principles of good practice within the international property industry.
We have successfully negotiated over £40m of foreign Bank debt being written off for our clients.
Get in touch with our specialist solicitors
Whatever your circumstances, we are here to provide practical guidance, tailored to your requirements.
If you are experiencing mortgage issues with a Spanish bank, you can contact us by calling 01438 840258 or filling in our short enquiry form on this page. We offer a no obligation free consultation.