REMORTGAGE / EQUITY RELEASE ??

[mageetg]

DONT KNOW IF ANYONE HAS ANY ADVICE ON THIS SUBJECT. IN THE UK ITS STRAIGHT FORWARD, BUT HERE IN SPAIN SEEMS TO BE A BIT UNCLEAR AND NOT MANY PEOPLE KNOW HOW TO GO ABOUT THIS.

I HAVE LISTED WHAT I WANT TO DO!!

I HAVE A HOUSE WORHT 530,000. I HAVE A MORTGAGE OF 180,000, WITH REPAYMENT AT PRESENT ABOUT 970 NPER MONTH. I CURRENTLY OWN THE FREEHOLD ON A SMALL LOCAL WORTH ABOUT 100,000. I AM RENTING ANOTHER LOCAL FOR 1500 PER MONTH. I WISH TO BUY IT. THE PRICE IS 200,000. I SHALL THEN SELL THE LEASE AND RECIEVED ABOUT 80,000 FOR THIS AND A RENT OF 1,500 PER MONTH

ANY ADVICE OUT THERE.

THANKS

[Enrique]

Hi mageetg,
Welcome to the Forum, sorry I can't give financial advice, but can on computers, there is a "Caps Lock" key on the left hand side of your keyboard , you may like to use it .

[Trato Hecho]

Try one of the many business brokers online a few which specialise in Spain,

they will know about finance and re finance,

Just check how many fingers u have when u come out......

U R SHOUTING by having CAPS LOCK on....