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Property in Murcia | or Properties in the Costa Calida | Costa Blanca
Property | Costa Del sol Almeria? Find
Property
Information on buying property & some Legal Services
We Recommend that all our client seek legal advise from an independant
Lawyer.
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 10% of the property purchase
price. For the 7% Tax - Notary & Stamp 2% - 1% Legal -. = 10% 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.
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