Spaniards are fighting for their right to hand their property over as payment to their bank when unable to maintain their mortgage repayments. When summoned to court to have their property repossessed, they discover that their property has been devalued and is insufficient to cover the debt to the bank. Furthermore, the bank in Spain
Banco Sabadell in Spain has decided to enter the mortgage war that has opened at the beginning of 2015 with a ‘different’ offer. The company will launch a fixed rate offer for the entire life of these loans, which provides different terms: 3.5% for mortgages up to 15 years; 3.95% for up to 30 years;
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