Getting a mortgage in Polaris World has been problemmatic for a while. Leeds Building Society won't touch the place, along with a number of other banks. Valuations have been poor for a while, and the sentiment is that there are an oversupply of properties, that were built cheaply, and many of them to clients that won't be able to complete on the purchase or service the mortgage.
Today though, I approach one of my Spanish lenders with details of a new (good quality) client, that is purchasing at Polaris World, to be told that they won't lend in Murcia !
Not just Polaris, but the whole flipping region!
This just seems to be getting worse, and the banks are supposed to be lending normally !!!!!!
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