Are You A Spanish Homeowner Struggling With Mortgage Repayments?

We’re Here To Help!

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As recommended by the British and Irish Embassies

We are Costa Luz Lawyers.

And we want you to know that you’re not alone.

The good news? We are already helping dozens of clients to get a better deal from their bank.

Many Spanish homeowners who purchased a property during the financial boom are now experiencing problems with repayments.

Banks approved huge mortgages on overvalued properties, which led to high repayments over the long-term which are unsustainable.

Now with Brexit looming in the foreground, the uncertainty of how to keep up those mortgage repayments becomes a very real concern for many.

In the current market, owners are finding themselves in negative equity, unable to sell the properties and release them of this mortgage debt.

Help is at hand

The Law on Your Side

A law was passed in 2013 designed to help debtors in Spain who have difficulty repaying their mortgage loan. This Law established a minimum valuation figure that banks can give to properties once they are repossessed by them after an auction.

In most cases, these minimums are very close to the outstanding mortgage debts of today.

Mortgage Deeds and Outstanding Debt

If you find yourself in this position and are concerned about your loan repayments, send your mortgage deeds to us so that we can tell you if you are nearing those values with your debt.

Embassy recommended

If you are, then we can help in negotiating a settlement with your bank. We have been providing this service since 2010 with many positive results for our clients.

We are one of only a handful of lawyers in Spain recommended by the British and Irish embassies in Spain.

As Seen On …

Frequently Asked Questions On Spanish Mortgage Debt

When can I hire this service?

Get in touch with our team as soon as you find yourself having difficulty meeting mortgage repayments and are considering selling or handing back the keys to your Spanish property.

I already have a Law Firm/Debt Collector Firm pursuing me in the UK. Can you still help?

Yes, we can help. Even if you have been placed under the threat of having your assets in the UK embargoed. On many occasions, we have found that the process followed by bank representatives has not been entirely legal.

Will I be left debt free in Spain?

Yes, that is the best thing about the service: you will be able to come back to Spain and start a new life with different levels of debts.

Can you help me if I stopped making my payments many years ago?

Yes, we can. We can also ensure that you leave Spain without any mortgage-related debts. So when you’re ready… you can come back to Spain and start afresh.

Will this cost me lots of money?

No, it will not. Our service is priced reasonably and is quickly liquidated, as of course hiring us means you stop having to make mortgage repayments. The final fee corresponds to less than what you would pay to the bank during the subsequent 8-10 months of repayments.

See what they’re saying

Our happy customers have a lot to say about our services!

Oh my goodness! Unbelievable!

Once again Maria and her team have showed me how remarkable they are.

Not only did they get me my deposit back in full, they have recently also got me back my fees plus interest.

I first saw Maria on the Eye Of Spain website and was very impressed that she gave up her time to give an abundance of free advice. Not too many solicitors are willing to do that!!! She looked at my case and offered No Win No Fee. I instantly thought…. What have I got to loose. Absolutely amazing.

Maria, I cannot thank you enough!

Brenda Wilkinson

October 2019

A big thank you!

A big thank you to you and your dedicated team at Costaluz Lawyers for getting my money back + Interest from my case against Banco Popular for an Aifos development in 2004.

The service and advice from you and your team has been excellent throughout the case and I sincerely recommend you and your firm to anybody out there who finds themselves in a similar situation or need any legal advice.

David Shorthouse

September 2019

This year we were delighted to get back over €55,000.

Maria, Keith & the team helped us through this extremely difficult and stressful time. We invested €63,000 and without them, we would not have received any of our money back. after a long hard fight with court cases and appeals, they eventually succeeded.

This year we were delighted to get back over €55,000. I would have no hesitation recommending Costaluz to anyone in the same situation. best of luck to them and anyone trying to get their deposits back?

Kerry

July 2019

Have you ever considered handing the keys to your home to your mortgage provider?