Most property purchases fall into two broad categories, re-sale and new-build. A re-sale property is a property sold by a private owner. New-build properties are bought before completion at various stages of development from completely off-plan to closes to the finish date.
New Build Purchases from Developer.
Making sure everything is legal and correct.
Total legal due diligence is carried out in all cases. This must be completed before any money is exchanged in order to protect the purchaser. This is processed by our own legal team consisiting of a trusted local solicitor panel who act completely independently. However, we invite our purchasing clients to engage with their own solicitor if they wish to do so as all property we offer to our clients is fully compliant with Spanish law, completely secure and in the case of new-build homes, hold a full bank guarantee. There is no reason to deviate from this approach and we will never do so.
Our legal team is available answer any questions you have about the buying process long before a viewing/buying trip is agreed. Please feel free to request this service from us.
Arranging a Mortgage
The recovery experienced in recent years has brought a competitive element back to the Spanish mortgage lending market. All mortgages are of course subject to one´s financial status but most UK residents are able to secure funding providing they have a decent credit score and can provide the following documents:
Generally banks will offer a 60% LTV (higher in some cases)with a fixed interest rate of 1.99%* for the term of the loan which can be up to a 25 year repayment.
* The rate of 1.99% is subject to taking life and home insurance from the lending bank.
Will I be able to rent the property I purchase out to gain income?
Please download our special guide to property rentals in Spain to find out more.
When should we begin viewing properties?
Once we have discussed your needs, wants and budget, we will narrow down your search to the best properties available and arrange viewings to suit you. It is a worthwhile to plan ahead regarding potential funding options prior to property viewings to avoid the disappointment of finding your dream home only to find out that it doesn´t work financially. Our team of experts is available to all clients. Please don´t hesitate to engage with them
What should I do next?
You can get in touch with us so that we can start to work for you. With over 25 years of market experience we know you will find us to be an invaluable partner and resource. A successful purchase is aided by team players with the same goal in mind. Choose Casas de Luxe to help you move forward and take away the complications on the road to finding your perfect home and a better life
Service providers we can supply and recommend if required:
Legal - a panel of independent Solicitors
Currency purchase - forward contracts, spot trades and above all clear advice can save you thousands during the process
Banking - a selection of local bank managers happy to meet you in private to discuss your individual needs
Accountants - future tax planning and management of your Spanish asset
Architects - advice on new build, self design, modifications to your property, including swimming pool installation
Management - Key holding, rental management services available
After sales - all aspects of completing your purchase, furnishing, IT and any other requirements can be managed by our in-house team.