100% Spanish Mortgages on Spanish Bank Repossessions
Friday, December 02, 2011
Spanish properties are being offered for sale by Spanish banks with up to 100% mortgages (subject to status). These Spanish properties include penthouses, bungalows, townhouses and villas. Some with lovely sea views and some just a short walk to the beach….
As always Spain being Spain, Just because these properties cannot sell unless a big discount is offered up to 50% or, a 100% Spanish mortgage, the Spanish Tax authorities will not recognise the discounted price and will insist you pay the tax payable on their valuation. In most cases this will be the pre discounted price. You must take professional advice so you can be sure of the situation.
Call us on (0044) (0)1305 534490 if you are unsure, or use our contact form.
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