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We can make your dream a reality
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Purchasing a Property in the Costa Blanca
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Our aim is to ensure that the purchase of your new home in the sun runs as smoothly as possible.
Once you have chosen your new home, whether it is a new property or a resale, we will ensure all legalities are covered, and keep you fully informed. It should be noted that we are able to arrange mortgage quotations up to 75% of the cost of the property. The mortgage assistance package that we offer, will be fully explained to you if required.
Once you have chosen your property, you will be required to place a non refundable deposit which ensures the property is placed in your name. A contract will be drawn up showing the payments and frequency that are required by you. This contract will be signed and is legally binding for all parties involved.
You will normally be expected to pay the balance of 50% of the purchase price within the next few months and the final balance on completion, this is when you take the property over.
Once the contract has been signed and the deposit paid, the purchase price for the property is fixed.
Additional Costs
As advertised, property prices do not include the following, we suggest as a guideline you budget for additional costs of approximately 10% of the purchase price of the property. In the event of a mortgage being obtained for the remainder of the property cost, these additional costs can be included in the mortgage amount.
These costs include Spanish tax (IVA) at 7%, stamp duty, solicitors fees, public notary fee and registering the title deeds and water / electricity contracts which totals 3%.
Fiscal Representatives
It is advisable for all property owners who are not permanent residents in Spain to adopt a local Fiscal Representative to look after their fiscal responsibilities during their absence. Suitable companies will be recommended on completion. You are strongly recommended to make a will in Spain
Our Fees
Our fees are paid by the builder on a commission basis. That means, whatever we do for you, it costs you nothing. You will not get a bill from us, you will not be charged by us, in fact, you don't ever have to worry about paying us.
If you would like further details regarding the purchase of a home in the sun, or if you have seen a property that you would like to view, please email us for details.
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