When buying property in the UK there would be no second thought as to whether you would use a solicitor, so when buying in a foreign country, with a foreign language why would there be alternative consideration.
Buying property in Spain can be a complicated and confusing process. There is also a significant amount of legal work involved to ensure the transaction is made safely, and complies with all Spanish legal & tax regulations. We offer a great deal of experience in advising clients from abroad who want to purchase a property in Spain. We are committed to making your property experience in Spain straightforward by providing you with access to high quality information and professional guidance.
It does not matter whether you are a first time buyer in Spain or not, it is vital that you contact a solicitor as soon as you have decided to purchase a property. There are a number of advance searches that are required and once you have made a decision to buy property in Spain, we can assist you through the entire process ensuring that you receive good title to your new property.
We offer professional advice from a team of qualified lawyers who have a number of years of experience, always ensuring that the client's interests remain paramount.
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When you contact us
we will ensure all the necessary requirements that are individual to your case are adhered to. These may include:
1. Checks with the Land Registry to ensure that there are no charges or encumbrances on your property, and that there is a good Title Deed.
2. Taxes to be paid on the transfer of property, such as the 7% VAT and 1% Stamp Duty on the purchase of new properties, 7% Transfer Tax for the re-sale of properties, 16% VAT and 1% Stamp Duty for Plots of Land and Commercial properties.
3. Income tax, wealth tax and inheritance tax.
4. Notary, registration and legal fees.
5. Legal formalities required when purchasing a property in Spain.
6. Change of names in relation to charges and services to the property. |
When you choose us
You can be assured that we will:
A. Make all the relevant searches to establish good proprietorship of the property. This includes ensuring that there are no judgements affecting the property, no mortgages or orders against the vendor, no charges and no adverse registrations.
B. Ensure that all relevant bills have been paid.
C. Inform Bank of Spain on your inversion in Real Estate.
D. Make all necessary payments to the vendor and arrange with the Bank the appropriate certificates which are required when purchasing a property in Spain.
E. Keep you updated on the progression of your purchase.
F. Accompany you to the Notary office when you sign the Purchase Title Deed or sign it on your behalf if you can not be in Spain for the completion.
G. Register you as the new owner of the property in the Land Registry. |
We offer a wealth of experience on all aspects of property matters and can deal with your transaction with the utmost efficiency and professional regard.
Our standard fee for carrying out this type of work is 1% of the purchase price (excluding VAT).
Summary of the conveyancing process
If you are purchasing, obtain full information from the sellers solicitors so title can be established, and ensure that there are the property will be received free of charges. Ensure all necessary bills, tax liabilities and service bills have been paid to date.
On receipt of the private contract it is necessary to ensure that the contract fulfils the requirements of the clients. The this is signed at which point a deposit is paid (normally 10% of the purchase value) and a completion date is set.
On the date of completion it is necessary to sign the deeds before a public notary, at which point the vendor receives the remaining monies. The solicitor will then ensure that the correct taxes are paid, that the new owner is registered for rates and any other changes are arranged. (Electricity, water, telephone). |
