Mortgages & Legal Representation

Many of the UK banks now offer mortgages for overseas property and many people feel more comfortable in dealing with a bank in their own country.
In our personal experience the main Spanish banks offer the simplest mortgage arrangements and there is no need to feel daunted by dealing with a bank in Spain. The service they provide is very personal and informal. And English is spoken by the staff. Most of the large Spanish banks also have branches in London.

The Sol Bank typically offer a range of mortgage options including fixed rate and variable rate mortgages and to find out more we recommend visiting their exceptionally informative web site www.solbank.com

The tax and legal costs must not be overlooked. Around 10% of the purchase price of the property should be allowed to cover these expenses.

Good legal representation is essential. Most Spanish solicitors speak excellent English especially those specialising in property transactions. It is a good idea for the chosen solicitor to be given power of attorney and take responsibility for payment of tax and other regular running expenses.

We at Casa Sierra Villas are happy to assist you in any way in the your decisions regarding selections of banks and legal representation.

 

 

 


 

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