Changing mortgage provider

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Feb 20th 2009, 11:31 am

#16

jdr

RETIRED ;-))

Joined: Jul 2003

Location: Benalmadena Pueblo,Spain

Posts: 20,156

Re: Changing mortgage provider

Quote:

Originally Posted by CBANDY

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

I had to on mine in the UK too.

Feb 20th 2009, 12:33 pm

#17

Hondon Rock n Roll

Forum Regular

Joined: Feb 2009

Location: Hondon de las Nieves

Posts: 153

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.

Feb 20th 2009, 3:59 pm

#18

GrapeEater

Grapes are good 4 U !

Joined: Apr 2007

Location: Hondon Valley

Posts: 569

Re: Changing mortgage provider

Quote:

Originally Posted by Sharon B

... 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.