Q: How much deposit should I pay to secure the property?

A: The amount you will be required to pay as a deposit is not written in any law. In most cases the deposit will be 10% of the agreed purchase price. In all cases you can secure the property with a smaller amount; normally this will be the equivalent of £2,000. In the event of any problems with the property all deposits should be refundable.

Q: How can I finance the purchase of my property?

A: Finance is readily available through all the major banks for your Home in Spain. Our associates have dedicated mortgage advisers able to offer the help required to select the most suitable loan to match your budget.

Q: What will it cost to register my new property?

A: The taxes vary on a new or resale property.  However as a guide, your transfer tax, Notary fees, land registry fees and solicitors’ fees should not exceed 10% of the purchase price. This may increase if you take out a mortgage. Our associates will clearly explain and guide you through this process.

Q: Will I need to open a bank account in Spain?

A: We recommend that you open an account in a Spanish bank. You will need this account for the payment of your standing orders for, electricity, telephone, community fees, etc. Our offices will be able to recommend suitable local banks with English speaking staff.

Q: Do I really need a solicitor?

A: Yes, a solicitor is a must when buying a property in Spain. They will safeguard your interests and provide you with accurate information throughout the transaction.

It’s not complicated, just different.

10 steps to a successful purchase of your own Home in Spain

1. Select your ideal property

2. Check the annual running costs

3. Appoint your solicitor

4. Arrange finance

5. Open a Spanish bank account

6. Pay the deposit and exchange contracts

7. Complete the sale

8. Arrange bank standing orders

9. Arrange property and contents insurance

10. Relax and enjoy your Home in Spain