British Expats - Changing mortgage provider

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British Expats (https://britishexpats.com/forum/)

- Spain (https://britishexpats.com/forum/spain-75/)

- - Changing mortgage provider (https://britishexpats.com/forum/spain-75/changing-mortgage-provider-592506/)

jdr	Feb 19th 2009 11:31 pm

Re: Changing mortgage provider

Quote:

Originally Posted by CBANDY (Post 7304556)

You need to take out life insurance with any mortgage you take out in Spain.

I had to on mine in the UK too.

Hondon Rock n Roll

Feb 20th 2009 12:33 am

Re: Changing mortgage provider

Our existing mortgage is with Banesto which we took out 4 years ago and because we already had a life insurance policy taken out in the UK we didn't need to take out another one. Therefore reluctant to change to Barclays if it means taking out another insurance policy.

GrapeEater

Feb 20th 2009 3:59 am

Re: Changing mortgage provider

Quote:

Originally Posted by Sharon B (Post 7304607)

... I don`t know if this was the norm but they were transferring money from one account to another without my authorisation!!:curse: ....

Yes I have heard of this many times, suma bills, direct debits, water, electricity. They seem to be able to track you down even when you move accounts. I heard a story where the local bank took money from a father's accoun tot pay his son's debt at the same branch !!!

However the local village banks seem generally much more friendly and personal (some say too much so!!!) but I like it. It's quaint.

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