Selling a house with a mortgage?

  • We’ll buy your house
  • 1 Viewing
  • Offer within 24 hours
  • Money within 5 days

Many properties still have a mortgage on them at the time of sale. This is normal and does not necessarily stand in the way of the transfer of ownership. However, you will want to know in advance what will happen to the loan, how much will remain after repayment, and what documents the solicitor will need.

As a direct property buyer, CompraMiCasa operates in Málaga and the surrounding coastal region. Even if your mortgage has not yet been paid off, we can still make you an offer. We provide a clear overview of your financial situation, coordinate the settlement with the relevant professionals, and ensure that you know what the next step is throughout the process.

Receive an offer

Selling a property whilst the mortgage is still outstanding

We’ll buy your house

You sell directly to us. No estate agent and no waiting for months on end.

No mortgage required

Submitting proof of income, obtaining mortgage approval and the statutory 14-day cooling-off period take an average of 5 weeks. With us, the transfer can be completed in just 3 working days.

0% commission

Whereas you would pay up to 5 per cent commission to an estate agent, with us you pay nothing. We are the buyers ourselves.

Offer within 24 hours

Following the viewing, you will receive an offer within 24 hours. If you accept, the transfer can take place within 3 working days, or later if that suits you better.

Just 1 viewing

Just one viewing. Dozens of viewings and having to tidy your home every time? With us, one viewing is all it takes.

Discreet and trustworthy

Discreet and trustworthy. Sometimes discretion is important. We work in partnership with a trusted law firm and a notary we regularly use in Málaga.

In what situations is a direct sale a good option?

Are you looking for a company that buys properties with mortgages? CompraMiCasa assesses houses, flats and other residential properties in the region. We look not only at the market value, but also at the desired completion date and the information required to make the transfer feasible.

We operate in, amongst other places, Benalmádena, Torremolinos, Fuengirola, Estepona, Marbella and Málaga. This allows us to quickly factor local conditions into our assessment.

Selling a mortgaged house before the mortgage is paid off

You are moving house before the loan expires

A mortgage often runs for several decades, whereas housing plans are more likely to change. When the property is sold, the loan is settled on the date of transfer. This means there is no need to wait until the original expiry date.

The monthly costs have become too high

A change in interest rates, a drop in income or unexpected expenses can put a strain on your ability to pay. Taking action early usually offers more options than waiting until arrears build up further.

Need to sell a mortgaged property urgently due to financial difficulties
Negative equity on the property you wish to sell

There is a case of undervaluation

If the estimated proceeds are less than the total debt, the lender’s consent is usually required. In such a situation, please contact your bank or an independent adviser in good time. In the meantime, we can assess the property and a potential purchase price.

What types of property do we buy?

We buy different types of property across the Costa del Sol. Apartments make up an important part of our purchases, but we also assess other homes and plots individually.

  • Apartments and flats
  • Family homes
  • Townhouses and semi-detached homes
  • Detached houses
  • Villas and chalets
  • Bungalows
  • Country houses, fincas and cortijos
  • Plots and building land

Properties we have recently purchased

Guaranteed bid

Once we have reached an agreement, we will set out the amount, terms and conditions, and the intended date in writing. This will allow you to consider the implications at your leisure before signing the final document.

0% Estate agent’s fees

As you are selling directly to us, no commission will be charged. Any other charges, such as notary or bank fees, will be shown separately.

Quick sale

A solicitor and a notary verify the ownership, the debt position and the necessary declarations. The bank receives the amount to be repaid via the formal settlement; any surplus goes to the seller.

What is the process for your application with CompraMiCasa?

Once you have registered, we will carry out an initial valuation based on the location, property type and condition. If further information or a site visit is required, we will arrange this with you. You will then receive a proposal which you are free to consider without any obligation.

If you wish to proceed, we will gather the title deeds and mortgage details. The relevant legal advisers will check for any attachments, arrears and other registrations. Once the financial settlement has been finalised, a date for signing can be arranged.

Step 1

Register your property

Please provide the address, property type and your contact details. There is no charge for this initial assessment.

Step 2

You will receive a reply within one working day

We will get in touch with you, ask specific questions and decide whether a viewing is necessary.

Step 3

It’s up to you to decide on our proposal

You will receive the price and terms and conditions in plain language. We will only proceed once you are happy with everything.

Step 4

Transfer at the solicitor’s office

The deed will be signed on the agreed date. The notarial statement of account sets out the amounts to be paid to the bank and other entitled parties, and the balance due to you.

Register your property

Sell your home today!

We only purchase properties that do not require renovation and are vacant.

Request a no-obligation quote and receive a price estimate within 24 hours.