Mortgage Help for Holiday Homes - Banking and finances in La Manga Club - La Manga Club forum - Costa Cálida forum in the Murcia province of Spain
Jennifer Cunningham Insurances SL
ASSSA Insurance
Los Alcazares car repair  service

Join the La Manga Club forum

Join the La Manga Club forumMy name's Alex and this is my website all about La Manga Club in Spain. Register now for free to talk about Banking and finances in La Manga Club and much more!

Mortgage Help for Holiday Homes

Posted: Mon Feb 22, 2021 3:43pm
2 replies105 views4 members subscribed
Tony66

Posts: 14

3 helpful points

Location: La Manga Club

Joined: 15 Jul 2019

It seems that the Spanish Banks are not offering any help for customers with mortgages on holiday or second homes in Spain. Surely this will lead to more repossessions in this already difficult market.  With another crises at the moment you would think that the last thing they would want is more homes on the market to sell at giveaway prices that would affect us all and the Spanish economy. With less of us coming to Spain you would think they would want to encourage people to keep their properties.

Does anyone have any ideas or views on this matter

Sasab

Posted: Sat Apr 10, 2021 11:11pm

Posts: 2

Location: La Manga Club

Joined: 10 Apr 2021

Posted: Sat Apr 10, 2021 11:11pm

Hi the banks offered a moratorium to

Property owners but there was a deadline to apply for it . As of April 2021 payments return to normal 

Tony66

Posted: Mon Apr 12, 2021 11:02am

Tony66

Original Poster

Posts: 14

3 helpful points

Location: La Manga Club

Joined: 15 Jul 2019

Posted: Mon Apr 12, 2021 11:02am

Sasab wrote on Sat Apr 10, 2021 11:11pm:

Hi the banks offered a moratorium to

Property owners but there was a deadline to apply for it . As of April 2021 payments return to normal 

Hi   Thanks for your response. When I spoke directly to my manager, a year ago at BBVA, I was told that the moratorium was only for Spanish residents and not for second or holiday homes. This was backed up by checking up on an official website. Either way, it's too late now.

I will check this again, not to prove a point, but out of curiosity. Thanks again for taking interest on this subject.

Enjoy your weather in Spain. We have early morning frost here in the UK

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more Banking and finances topics from a particular area:


Register for free!

Login to your account

Jennifer Cunningham Insurances SL
ASSSA Insurance
Los Alcazares car repair  service
Advertise your business here
Advertise your property
Help with my computer