Buying your new home in Spain isn't quite as easy as just picking up the keys and moving in. There are many things involved from carrying out your initial research online to seeing what you can afford, maybe finding the right mortgage, contacting a conveyancer and liaising with your broker, there are a whole array of things to tick off the list. 247casas can help take away some of the unwanted stress and time-consuming work with our very comprehensive selection of services and helpful advice.
These additional optional features will take away some of the stress associated with the administration process when buying your home in Spain. All services & pricing are inclusive of IVA. IVA is due on any supply of goods or services sold in Spain. The current normal rate is 21% which applies to all goods which do not qualify for a reduced rate or are exempt.
Buying a property in Spain can be an overwhelming, time-consuming administrative process. Conveyancing is the legal transfer of a property from one owner to another. The process generally requires an administrative representative who acts on behalf of the buyer to ensure their client receives the title deeds to the property and the land it sits on. Conveyancing encapsulates the entirety of the legal and administrative work required to ensure a property purchase is valid under Spanish law. Via our legal partner we can deliver this entire process on your behalf saving you time and money not to mention all the associated stress and hassle.
A Structural Survey is a wide-ranging inspection of a property that provides a detailed evaluation of the property's condition. The survey will list the condition of the property and identify any defects, their apparent cause, the urgency of repair, maintenance options. Each survey will generally include an indication of the potential cost of any repairs. This may result in you deciding not to purchase the property if the structural survey indicates that a lot of remedial work is needed. Alternatively, you may decide to go back to the seller armed with an estimate of the costs and ask them to reduce the selling price. In this example the property owner might accept a reduced offer, as the problems have been independently identified by a qualified structural surveyor.
Fees may vary based on the region and size of the property being surveyed
NIE is translated as the Foreigner's Identification Number (or Número de Identificación de Extranjero, NIE number). The NIE number is a legal number that is assigned by the Spanish National Police to foreign residents who do not have Spanish citizenship. This number is unique to each individual and is valid throughout their lifetime. It is required to allow foreign nationals to be able to carry out legal activities in Spain.
During times of bereavement your family and friends can go through an incredible amount of stress and pain. If you own a property in Spain it is highly recommended to make a Spanish will. By doing this you could save the beneficiaries of your estate from the time, money and distress that may be involved in administering an estate in Spain where no Spanish will exists.
A power of attorney is a mandate in writing which is signed off officially by a public notary. It is executed as a deed by the donor (person authorising the power of attorney) in favour of a third party (attorney). A Spanish power of attorney normally enables the donor broad powers to deal with each specific transaction. As an example, a power of attorney for the purchase of property will often include clauses allowing the attorney to open, close and operate bank accounts, set up direct debits, make payments for the account, arrange utility contracts and payments, pay taxes, submit forms and send and receive notifications to and from different authorities.
There are 2 options to obtain a POA. If you are in Spain, we can organise this through a local notary alternatively this can be arranged through a local notary back in your home country.
Per Spanish POA (Includes Notary Fees)
Per Overseas POA
247casas can arrange all 4 of the above legal requirements on your behalf with our 'Conveyancing + NIE + Will + POA Bundle'.
Fees may vary based on nationality and number of NIE requirements
Our foreign currency exchange partners focus on providing you with the tools to maximize money transfers. They monitor the rates on your behalf and work closely with you to ensure transfers are timed perfectly. They recognise the importance of a personal and transparent service. By providing continuity and consistency of service, they can establish a clear understanding of your requirements to ensure you retain absolute control in getting the best deal.
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Just like any advanced economy Spain has a developed mortgage market with numerous lenders offering a bewildering variety of Spanish mortgages.