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When you buy a property in Spain, there are some expenses that you have to add to the property price. If you are not sure about this cost, I will explain what this cost are and two examples. When buying a property in Spain there are some additional costs. Usually you have to add up to 10% of the property price to cover these expenses. Solicitor fees normally the solicitor "takes" 1000 euro depending on the amount of work that is involved Notaries expenses is calculated after set prices, ranged from 300-600 euro, depending on the property price. This fee will be extracted when signing the document. Registration fees for properties may vary from 200-500 euro depending on the amount of work for the registration office. This is to get the property registered in your name. This fee has to be paid within 30 days after signing the document. Tax to the state you will have to pay 7% of the property price to the state We co-operate with Norwegian, English and Spanish solicitors that all have expertise concerning Spanish real estate laws. Total cost inclusive real estate tax and fees 162200euro Example 2 when buying a property for 90.000 euro
OFFER FOR MORTGAGES 2007 Those are the conditions for non resident as well as resident clients for mortgages and commissions for investments products the clients will contract. MORTGAGES - Commission for opening the mortgage: 1,5 % - Interest rate first 6 months: 3% -Interest rate: IRPH*+0,3% * Average mortgage interest rate for all Spanish banks. - Commission for cancellation: 1% (negotiable) Non Resident: -Maximum age: 75 years old -Maximum term: 25 years Resident: -Maximum age: 65 years old -Maximum term: 30 years Non Resident: 70% of the property value Resident: max of 80% of the property value DOCUMENTS REQUIRED NON RESIDENTS -Passports -NIE (for the notary) -PPC (Financial application in the bank) -Nota Simple (description of the house you are buying by the Register of the city) NON RESIDENTS EMPLOYED -P60 and last 3 payslips -PPC NON RESIDENTS SELF EMPLOYED - Tax Return - Balance and P&L Account Company RESIDENTS - DNI - CIRBE - PPC - Nota Simple RESIDENTS EMPLOYED - Job contract - Vida laboral - Last 3 payslips - IRPF RESIDENTS SELF EMPLOYED - Last 4 IVA declaration - IRPF - Deeds constitution SL SERVICES - Straight answer with data given (purchase price, loan required, income). - 48 h formal written answer, once documents are received and verified. - 2/3 days valuation and result (the clients will have to transfer the amount of the valuation before ordering it). - 1 week total (included 48h formal answer) to sign mortgage.
Contact Telephone: 0034 660 385 036 |
