I have negotiated intrest only mortgage
Jul 17th 2009, 2:28 pm
#1
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Joined: Apr 2009
Posts: 8
I have negotiated intrest only mortgage
I hope this might help some people on Costa Esuri.My mortgage repayments had risen from the original 425 euros to over 700 euros per month. which affectedly meant over 700 Pounds per month. This juring these tough times was very difficult to find. I have negotiated with Caja Sur for a interest only mortgage for 18 months at 250 euros per month. 
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
Jul 17th 2009, 4:52 pm
#2
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Joined: Mar 2006
Location: Leeds, West Yorkshire and Tavira
Posts: 537
Re: I have negotiated intrest only mortgage
I hope this might help some people on Costa Esuri.My mortgage repayments had risen from the original 425 euros to over 700 euros per month. which affectedly meant over 700 Pounds per month. This juring these tough times was very difficult to find. I have negotiated with Caja Sur for a interest only mortgage for 18 months at 250 euros per month.
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
Jul 24th 2009, 11:10 am
#3
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Joined: May 2009
Location: Ayamonte
Posts: 491
Re: I have negotiated intrest only mortgage
I hope this might help some people on Costa Esuri.My mortgage repayments had risen from the original 425 euros to over 700 euros per month. which affectedly meant over 700 Pounds per month. This juring these tough times was very difficult to find. I have negotiated with Caja Sur for a interest only mortgage for 18 months at 250 euros per month.
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
Jul 26th 2009, 10:44 am
#4
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Joined: Jan 2006
Posts: 22
Re: I have negotiated intrest only mortgage
I hope this might help some people on Costa Esuri.My mortgage repayments had risen from the original 425 euros to over 700 euros per month. which affectedly meant over 700 Pounds per month. This juring these tough times was very difficult to find. I have negotiated with Caja Sur for a interest only mortgage for 18 months at 250 euros per month.
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
I heard that a lot of people that bought on Rago 1 are understandably very disappointed with the lack of landscaping and gardens. I have it on very good authority from a high ranking person at Fadasa who was present at a meeting, when Fadasa decided to save one and half million euros by not carrying out this work.
Jul 28th 2009, 6:00 pm
#5
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Joined: Apr 2009
Posts: 8
Re: I have negotiated intrest only mortgage
we tried to negotiate ourselves with the Bank but they would not answer our letters or emails, we spent 2 days on the 'phone with no success. Eventually we went through our solicitor which cost us a fee but no other option was available and we were running out of time.We were told that a number of repossesions had already taken place at Costa Esuri,and no time was being given they were simply repossessing. Don't know if this was scaremongering.We explained that we were fully aware of our commitment and we were simply asking for a payment that we could afford.They came back with an offer,for 18 months and not 24 that we had asked for .Renegotiation can only take place if all arrears, if any, are paid.So, in the end not too difficult. We understand that there has been a directive for all Banks to negotiate and not to repossess from the Spanish government.
Jul 28th 2009, 6:48 pm
#6
Just Joined
Joined: Jan 2006
Posts: 22
Re: I have negotiated intrest only mortgage
we tried to negotiate ourselves with the Bank but they would not answer our letters or emails, we spent 2 days on the 'phone with no success. Eventually we went through our solicitor which cost us a fee but no other option was available and we were running out of time.We were told that a number of repossesions had already taken place at Costa Esuri,and no time was being given they were simply repossessing. Don't know if this was scaremongering.We explained that we were fully aware of our commitment and we were simply asking for a payment that we could afford.They came back with an offer,for 18 months and not 24 that we had asked for .Renegotiation can only take place if all arrears, if any, are paid.So, in the end not too difficult. We understand that there has been a directive for all Banks to negotiate and not to repossess from the Spanish government.
Jul 29th 2009, 12:47 pm
#7
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Joined: May 2009
Location: Ayamonte
Posts: 491
Re: I have negotiated intrest only mortgage
Just becareful when arranging the mortgage, it is not as simple as it seems as it needs to be re-signed at the notary and they will charge you comission changing the terms of the mortgage... and any costs involved...
