Distressed property seller offering 90% LTV loans on Spanish repossessions

Distressed property seller offering 90% LTV loans on Spanish repossessions



822_2022-06-15-02-36-46pm.gif
.

The UK’s largest seller of repossessions, probate and part-exchanged properties, whitehotproperty.co.uk has announced that it is offering loans of up to ninety percent LTV for buyers of repossessed properties in Spain. 

The mortgages, available via Mediterranean CAM International Homes, will be of particular interest to anyone looking for opportunities as a result of the recent crash in the Spanish property market.

 

The company’s Spanish launch is supported by a Spanish-based, multilingual team, which has specific local and market knowledge.

 

whitehotproperty.co.uk Spain has said that it can offer prospective buyers over 4300 properties, mostly centred around the popular tourist destinations of the Costas and the major tourist towns.

 

Local English speaking advisers are on hand to assist with all aspects of buying from legal, banking and finance process to local information and finance is available from one of Spain’s leading financial institutions.

 

Robin King, director of whitehotproperty, commented: “Similar to the UK, the Spanish market has suffered an overall downturn. By offering mortgages of up to ninety percent LTV, whitehotproperty ensures that sales of repossessed properties are generated more quickly, leading to benefits for the both the buyer and supplier. Moreover, we aim to offer a more accessible mortgage with a less complicated acquisition process.”

Leave a comment