The global financial crisis that began in late 2007 is a direct result of the financial or banking crisis. Many banks worldwide went bankrupt and even needed rescue by the governments of their countries.
The mortgage approvals dropped dramatically these past few years.
However, although the situation in Spain is still delicate, banks are more willing to grant mortgages. A correct advice about the expenses involved, the necessary documentation, terms, interest rates, abussive clauses…is essential in order to reduce costs and success of the operation.
On the other hand, if you are a mortgage debtor and have difficulties in paying your mortgage, there are also alternatives and options that we can help you with. At Mesa & Green Lawyers, we will negotiate with your bank the best option in each case.
Remortgage, extension of the term, repossession, remove abussive clauses… Do not hesitate contacting us with no obligation, in order to give you the steps to follow in each case.