An ECJ ruling offers hope to property owners suffering financial injustice from Spanish banks, says Julio Prieto Roman
As lockdown eases, the initial phase of travelling abroad has begun with the UK government putting ‘air bridges’ in place with destinations such as Spain, France and Greece.
For many years, Spain has been the number one location for British holiday homebuyers; and with the ability to start moving freely again, people can visit their second homes. They’re even considering whether they would want to stay there if a second lockdown occurs.
However, given the financial challenges many people are experiencing due to covid-19, it is foreseeable that UK residents with holiday homes in Spain will have to remortgage their properties. Some may even fall into arrears or enter into negative equity with their lenders in ...
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