Purchasing.
Spanish Mortgages.
Sterling and Euro mortgages and bridging finance
You can finance your property in lots of different ways. You can mortgage your property either with an English or Spanish mortgage. It is very easy to arrange a mortgage to finance your Spanish property, subject to the lenders criteria.
You can release equity out of an existing property and
Our Financial Adviser, will be able to help you, with conections to all the specialist mortgage brokers throughout the U.K. and Spain.
Running Costs
It is generally held that the cost of running a home in Spain is less expensive than in England. Typical annual costs, based on a 2 bedroom house in Spain, valued at approximately £90,000 would be less than £950.00.
Solicitors
We use highly professional English speaking solicitors. Who will discuss at length all the legal requirement. Deal with all the necessary paperwork, Deeds, Notaria, etc, you could well be advised to make a Spanish will. Which is important when purchasing a property in Spain? All your Paperwork and Terms will be in English, and vary uncomplicated.
Rental Income
If you rent out your apartment Guide line prices are difficult to estimate.
A 2 bed apartment in advertisements show a typical income
April – June £250 per week
July – September £350 per week
October £250 per week
November – March £200 per week.
Many owners rent out long term for are negotiable fees.
 |
Mojacar Apartment For Rent We have a 2 bedroom apartment for rent in Mojacar, visit our website for more details. If you wish to look and view the coastline of Mojacar and surrounding areas our company apartment is available to rent. During you stay, if you wish to view any property, we can arrange this with our partners . |
|---|
Aftersales
We offer a full after sales service both in Spain and from our U.K. based offices. We are available to you during office hours, so that you can use any of our facilities, at no extra cost.
Inspection Visits
WHAT IS INCLUDED IN OUR INSPECTION TRIPS
4 days 3 nights inspection trip only £49.00 per person this includes:-
Return flights, airport transfers in an air-conditioned vehicle, 4 days out in Spain, 3 nights accommodation in an excellent 4 star hotel, all meals are provided within the cost of your trip. Be the guests of our company on a hassle free inspection trip on a one to one basis
COLLECTION FROM THE NEAREST AIRPORT FOR YOUR SELECTED VIEWING AREA
On your arrival you will be met personally at the airport by one of our representatives. A short, enjoyable, informative drive in an air-conditioned people carrier will take you to your Hotel accommodation for the next few days. At your Hotel you will be met by one of our Property Experts, who will have been designated to you for the duration of your stay. Our Property experts will have arranged an impressive selection of suitable properties for you to view and he will work with you to find you your ideal Spanish property in the sun.
YOU CHOOSE
You can choose how you would like to view our properties. You can take an organised inspection trip or you can even go out independently "on your own steam" and we will arrange an appointment for you. If you decide to go out to Spain "on your own steam" please contact our UK based office prior to your departure date, so that we will be able to allocate an appointment for one of our Property experts to show you around the various sites.
WHAT WILL WE SEE?
During your 4 days with our company you will not only be shown the very best selection of properties available within your given criteria and within your investment levels but you will also see the full range of facilities within the towns and villages.These will include the best blue flag beaches, shops, entertainment venues, restaurants, bars and anything else that is of interest to you. Leaving time for you to revisit any of the properties that have been short listed by you.
DO WE NEED A DEPOSIT?
When you find the property you desire, a deposit of £2,000 payable to our parent Spanish company, will secure that property for you and remove it off the market. The first stage payment can be between 20% to 50% of your property costs and is due 4 weeks after you have signed your contract.The remaining stage payments are then arranged, leading up to the completion date, with our parent Spanish company and the building contractors. However, when buying a re-sale you have to be in a position to pay all payments in full, 4-5 weeks after signing your contract. Our Spanish solicitors cannot accept credit cards, you will need the deposit in the form of a bank or building society draft, travelers cheque's, Sterling or Euros.
If you are on holiday in one of our property locations, and wish to view or purchase a property.
With our referral scheme, we can connect you with our principals in Spain, and any property purchased.
Via the referral, we will give you 500 euros cash back on the signing of a contract in Spain.
List of Areas
Our sites commence at
Costa Blanca North, this area covers
|
Costa Blanca South, covering
|
Costa Calida covering
|
|---|---|---|
Costa Azahar (The Orange Blossom Coast) this area covers
|
Costa Tropical with areas of
|
Costa Almeria, covering
and the golf area of Almerimar on the Costa Almeria. |
FAQ about Purchasing in Spain
- Do I have to have life insurance?
No, it’s not necessary. - How long does a mortgage take to organise?
Between 4-6 weeks once all paperwork has been received. - Is there a "buy to let" mortgage, in Spain?
No, there isn’t a repayment mortgage will suffice. - Do I have to be a Spanish resident ?
No, as long as you are a resident of a country in the EU. - Will I need a Spanish Solicitor?
Yes, as they know the Spanish Laws. Make sure the Solicitor you choose speaks fluent English. - How often are mortgage rates reviewed?
Usually once a year. - What is the Euribor?
With the introduction of the single currency, European banks considered it necessary to create a new inter-bank reference rate, EURIBOR (Euro Inter-bank Offered Rate ).
