Buyer's Guide

Congratulations! You are taking the first steps towards buying your house in the sun! Apart from your house in the U.K this is probably the biggest investment you will make towards your future, so we want you to take your time and be sure about the property you choose and the area you decide on.

Firstly you need to establish a budget bearing in mind the added costs of buying abroad. The extra costs include legal fees, notary, VAT, search and land registry which will amount to approximately 10% of the purchase price. Mortgages can be obtained for non-residents of up to 80%. We will guide you through this process giving you a choice of banks, rates and mortgage deals if you require.

To obtain a mortgage you will need a copy of your passport and your last P.60, set of accounts or tax return. A typical mortgage rate in Spain at the moment is 5%.

When you have found your ideal property the process is really very simple. Having agreed the terms and method of payment with the vendor, it is usual practice sign intention to purchase contract and to leave a holding deposit. This acts as official confirmation that you intend to go ahead with the purchase and the vendor agrees to the terms and conditions of the sale. However, this is not compulsory and can be negotiated, but the holding deposit does ensure that the house cannot be sold to another buyer.

The bank will instruct a surveyor, at a cost to you of around 200 Euros and the notary will check that the property is free of all charges.

The signing of new deeds by both you and the vendor is witnessed by the notary. We can provide translation services for your big day or we can supply you with a list of local, independent translators.

For any further information please email or call us, we are waiting for your call!