Buying Property in Murcia Spain Legal Advice We Recommend that all our client seek legal advise from an independant Lawyer. If you are considering buying property In Murcia or the Costa Calida- Costa Blanca to the Costa Almeria Spain.

It is usual to expect to allow fees of around 11% of the property purchase price. For the 8% Tax - Notary & Stamp 2% - 1% Legal - = 11% Fees are always based on the declared value of the property, which is traditionally much lower than the actual price (and this of course has a bearing if applying for a mortgage).

There is regulation in place as" the law of public fees" makes it no longer possible to declare a very low figure, and the can be penalties for gross under-valuation.

 Before you can buy a property in Spain: you need 2 full working weekdays days to do the Legal aspect and running round . to save coming back over and this will delay your ownership of a property .

As you need to do the following 1) You will have to apply for an N.I.E. number (tax number) to the Police station and fill in the forms and passport copies are need.

We arrange this with you. Our your Lawyer can obtain this for you with your power of atorney.

This saves time and he can act for you to save you flying over time and time again.

2) You must also open a Spanish bank account and will need your passport to do this.

 3) You will require to tell your banks in the UK that you will may need to transfer money to spain quickly. They will give you a security code number from your U.K branch to transfer money when required

. 4) Have whatever funds you may require in place to save delay and disappointment.

 5) Contact your credit card company to let them know you are going to Spain and may require more than normal withdrawals.

 6) If you require a mortgage the maximum amount that can be borrowed is 60% / 70%, / 80% depending on the Banks therefore the difference must be in place and made available.

  7) Bring a UK Bank Draft or Cheque Book for the deposit of 2000 " Pounds" In case. Or you might lose that property.

You can always take it back. We have found many clients have lost there dream home because they did not come prepared 8) Hartland Property consultants S.L. are Agents for the Royal Bank of Scotland Abbey National (Bank of Santander Central Hispano ) here in Spain.

We will assist in opening bank accounts. Requirements for a mortgage are -

(a) Passports

(b) P60 (If both are working 2 P60S will be required)

(c) The last 3 months bank statements or (Tax Cert) & (Company print out of income from your accountant if Self employed )

(d) Confirmation of all outstanding balances on any existing mortgage and any other loans ie credit card etc.

e) It is advisable to have Spanish wills made out as well as British wills in case there are complications at a later date.

 (This can be done through a lawyer.) after the property is in your owner ship

We help Find an independent Lawyer who speaks English and Spanish.