Search:     Go  
The Spanish Lawyer Online
The Spanish Lawyer Online
Results 1 to 2 of 2

Thread: Costs involved in extending mortgage by 10 years

  1. #1
    Unregistered
    Guest

    Default Costs involved in extending mortgage by 10 years

    Hi,

    I have a 25 year mortgage that has 15 years left on it. I have been thinking of extending it by 10 years to lower the monthly mortgage payments.

    Has anyone done this? Any idea of the costs and paperwork involved?

    THANKS

  2. #2

    Default

    Hello,

    I believe you are interested in a negotiation of your mortgage conditions. We recommend you to appoint an expert solicitor to carry out the approriate ctions to attempt to reduce the mortgage installment whether by re-mortgaging, conversion of the repayment to interest only, reduction of the interest rate being applied (3.5 % should be the interest payable now) or a combination of all. The acceptance by the bank implies signing a contract with the new conditions and requires that you are present, unless the solicitur acts for you with a power of attorney.

    We can assist in the process so please feel free to send us more information about the case through our website´s contact form.

    Regards,
    Patricia Martin
    Immigration Consultant at Lawbird | Contact Me
    Check My Profile

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •