The purchase of a property in Spain requires a series of legal and administrative steps, which our work will be to accompany you throughout the acquisition process of your property in Spain.
From the definition of your project until the signing of the deed of property in front of the notary to guarantee you a secure transaction in the best conditions.
Reservation of the property
Congratulations, you have found the property of your dreams! Therefore, you will be asked to make the reservation by paying a first deposit of 10% (this amount may vary depending on the type of property).
Our legal department will proceed to obtain the N.I.E (Identification Number for foreigners) and as well as the opening of the Spanish bank account.
Two options are available:
Either you go through a bank in your country of residence, it is more than likely that it will not take as collateral your property in Spain. You will therefore need to own a property in your country of residence on which the bank can take warranty.
Either you go through a Spanish bank, the mortgage loan you will be granted will not exceed 70% of the official appraisal value of the property. You must have a contribution of 40% (30% + fees).
Please note that if you wish to take out a loan in a Spanish bank, we can accompany you and put you in touch with partner Banks.
It should be known that the Spanish notary does not have the same functions as in the UK and holds a less important place in the process of acquisition of a property.
Indeed, this one does not do any research called “notarial”, its role will only be to authenticate the signatures, the financial regulation between the two parts as well as the terms of the agreement of sale.
The role of our agency will be to “replace” the notary throughout the purchase process and will carry out numerous checks to secure your acquisition 100%
Signature of the deed of ownership
On the day of signing the deed, you will have to pay the outstanding balance and pay various taxes amounting to about 12% of the value of your property: 10% VAT (ITP), app. 1,5% rights of registration, legal office fees and miscellaneous costs (notary, stamp duty …)
If you do not wish to be present on the day of the act, you can draft a power of attorney authorizing the legal office to represent you and sign for you.
Subsequently, the notarial deed must be registered in the property register to confirm the change of ownership. The definitive act will then be obtained within 3 to 4 months.
After sales management
At Emporda Immo, we do not just sell you a property but accompany you so that you feel good.
Following your acquisition, in addition to activate and/or change of water meters, gas and electricity we offer you free assistance such as underwriting insurance contracts, legal advice…