BBVA Spain, Irish eligible?
Join Date: Oct 2010
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The loan has to be secured on a British or Spanish property, so unless you have a house in either of those country's you won't be able to get a loan off them
Don't take my word for it though.
Don't take my word for it though.
Join Date: Jun 2011
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BA-BBVA Loan Eligibility.
Hi there,
Can someone kindly shed some light on the BA-BBVA sponsorship eligibilities(other than meeting the reqruitment requirements),I did apply for the BA FPP but the prospects of finding some outside guarantor are rather slim.Maybe some more light on my question;do successful applicants outside EEA,say from Africa,stand the chance of being loaned?All feedbacks are highly appreciated!
Can someone kindly shed some light on the BA-BBVA sponsorship eligibilities(other than meeting the reqruitment requirements),I did apply for the BA FPP but the prospects of finding some outside guarantor are rather slim.Maybe some more light on my question;do successful applicants outside EEA,say from Africa,stand the chance of being loaned?All feedbacks are highly appreciated!
Join Date: Jul 2011
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The loan has to be secured on a British or Spanish property, so unless you have a house in either of those country's you won't be able to get a loan off them
ie if my parent has 69k in the bank will they secure against that.
and don't say 'why doesn't he just give you the money' its his savings, its me that needs the loan.
Thanks
Join Date: Nov 1999
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Does anyone know if they will secure against a parent savings?
Savings are generally portable, so they are not generally regarded as security. Even if they were to be held in a secure bond, they would not necessarily provide surity for capital, interest and charges if the borrower defaulted.
They would also (with justification) raise the question that you have excluded, as to why not simply lend you the £69,000 directly? It would inevitably prove cheaper, and if the savings owner wasn't prepared to assume the risk, why should the bank?
They would not secure a loan against a flexible asset like savings. If your parents suddenly decided to spend that money there would be no security left if you defaulted on the loan.
It has to be loaned against a fixed asset such as property.
It has to be loaned against a fixed asset such as property.
