Buying Procedure

Why buy through Costasave?

We introduce you to an online database of competitively priced Spanish properties which you can virtually inspect from the comfort of your own home.

Because of the changes to the Spanish market over the last 5 years, we now network with all European sellers and buyers throughout Spain.

It is very important when considering buying a property in Spain that in addition to the purchase price, as seen in the website of any agent, you need to add a further 13% to the purchase price.  This 13% includes the taxes for purchasing the property, the town hall tax, the solicitor and notary costs etc.

You simply decide which properties you wish to come out and inspect, and we will arrange the introductions. If necessary we can put you in contact with various properties in the area which can be rented for a short period during your stay and, in the event of a successful sale, guide you through all the formalities at every stage.  We have connections with translators and lawyers who speak French, Flemish, Russian and Scandinavian, all of whom are located in the Villamartin area.

To inspect the properties, search the Costasave website

which can be arranged through their website. This will give you a good idea what it is like to live in the area. The property overlooks the golf course and walking distance to all amenities, right in the centre of Villamartin urbanization.

We at Costasaveproperties always recommend our purchasers and sellers alike to use a registered solicitor (abogado) to ensure a smooth transaction.  Especially now in a time when laws and purchase procedures are changing significantly.

Upon deciding upon a property purchase you will need to secure it with a non-refundable holding deposit of €3,000 (which effectively takes the property off the market) and should be paid through your lawyer.  Should there be a mortgage involved the lawyer will not release the deposit until the mortgage has been secured and he is happy all the documentation connected to the property is in good order.  If you withdraw after the lawyer has released the deposit,  you will forfeit all your deposit, but if your seller withdraws, he has to pay you back double the amount you have already paid.

The balance of the purchase price is paid at the time of completion, no later than the date stated on the contract at the office of the notary, upon signing the title deeds.  At this time the commission for the sale is paid to Costasaveproperties by the person selling the property inclusive of IVA.

Whilst surveys are not commonplace in Spain (unlike the UK), they can be arranged locally if required.

Mortgages

Anybody wishing to take out a mortgage in Spain should bear in mind that Spanish banks, le are currently reducing their lending to a level of only 60% of their valuation figure (you must bear in mind that property prices have dropped significantly and bank valuations are very cautious).  The loss of 100% mortgages should, in the long term, provide greater and much needed stability to the housing market over the coming years, with less likelihood of mortgagees defaulting on their payments.

Repayments are normally between 5 and 25 years, depending on age and circumstances, and usually by the capital repayment method.

When a mortgage is required, a survey is generally carried out by a valuation company on behalf of the bank. Mortgages in Spain are usually agreed much faster than in the UK, often within 4 weeks from application date. We would recommend that, if somebody was buying via a mortgage,  when putting down the 3,000 euros deposit written into the contract is an agreement that the deposit should be returned in full if the applicant is unsuccessful in obtaining a mortgage (or held by the lawyer until the mortgage has been approved).    Most sellers would agree to this under the circumstances and in the current market it can be no fault of the purchaser, the bamks are going through a big transition period where lots of them are amalgamating and laws are changing which could affect an application, not at local level, but head office.

COSTASAVE WORK VERY CLOSELY WITIN SPAIN TO ENSURE A SMOOTH TRANSITION OF EACH MORTGAGE APPLICATION FROM START TO FINISH – FROM WEEKLY PROGRESS AND UPDATE REPORTS RIGHT THROUGH TO ENSURING ALL DOCUMENTS ARE IN ORDER ON COMPLETION DAY.

Spanish banks require proof of earnings, just like UK banks, when applying for a mortgage or opening a bank account  and they will also require an up to date credit check (via www.experian.co.uk) which the client needs to bring with them to the bank. Rather unusually, this needs to be done in the UK by the mortgage applicant, as foreign banks are not allowed to do credit checks on people in the UK.

Finally, funds will ultimately need to be transferred to a Spanish bank account. Costasave work with Currencies Direct (www.currenciesdirect.com) who combine many years of experience with extremely competitive rates for currency conversion.

Transfer of Funds

We normally suggest you usewho will give you the most competitive rate. We can also save you the banking commission charge in Spain (0.2%) by directing you to a bank which does not levy this.

In the event of an abortive purchase by the purchaser the deposit will be non-refundable and is strictly adhered to in Spain. If the seller forfeits, they have to pay double the amount of the deposit to the purchaser.  (Unless a mortgage is involved, then the contract states that the deposit should be refunded if the mortgage application is a failure).

OTHER INTERESTING POINTS

We would always recommend that thewebsite is something you should look at.  There is a lot of information about the area, transport, fiestas and all other activities.

SPANISH TUITION

Having gone through the purchase procedure of your new property, we suspect you may well consider spending some time learning some of the more important spanish phrases so you are able to make yourself understood in bars, restaurants and shops.  There is vailable at all levels – conversational/grammatical depending on the amount of time you have available. We at costasaveproperties still manage an hour a week some spanish tuition for those of us not lucky enough to be been born in Spain and fluent in the language.

Having successfully carried out your purchase you may be planning to retire to spain and in need of a  We have had for many years an association with B & E Removals Limited and they have regular deliveries to our part of Spain and are always very helpful and reliable.

One of the other things which can become costly when you own your own home in Spain is car rentals.  The prices tend to go up and down as the seasons and economic climates change.  Some people prefer to purchase their own car and keep it in Spain.  Especially if you are planning to live here through the winter months and we at Costasaveproperties associate with(lowcostparking).  These people offer a service which stores your car when you are out of the country, and valets it on your return and pick you up/drop you off  at the airport.

THE ABOVE INFORMATION IS UP TO DATE WITH CURRENT LEGISLATION BUT LAWS AND PROCEDURES ARE CHANGING ALL THE TIME HERE IN SPAIN AND WE DO OUR BEST TO PASS ON THE CORRECT INFORMATION BUT CANOT BE HELD RESPONSIBLE SHOULD SOME OF THE ABOVE POINTS HAVE CHANGED WHEN YOU COME TO PURCHASE A PROPERTY.  WE ALWAYS RECOMMEND THAT YOU INSTRUCT A QUALIFIED ABOGADO (SOLICITOR) TO HELP YOU TO COMPLETE YOUR PURCHASE.

 

 

Les robes de mariée sexy désignent souvent les robes courtes et mignonnes. Vous aurez totalement la mobilité pour danser ou vous déplacer. Vous aurez deux points à bien mémoriser : assurez-vous que la robe va bien la couleur de la peau, et que les accessoires choisis et le maquillage complètent votre image charmant.