Buying Spanish property - Properties For Sale Property Villa Spain Homes

Obtaining a non resident mortgage in Spain is actually very Simple and surprisingly Fast, with the normal approval time, from the submission of the application to the issuing of the funds being around four weeks. Providing that is, you supply all of the required documentation when requested by the lending institute and have at least 30% of the Purchase Price available as a deposit.

As a non resident you will normally be able to borrow up to 70% of the price of the property, but if you shop around, there are still a small number of Spanish banks that will lend up to 80% of the purchase price for non residents, although these loan to value amounts are becoming quite scarce in the open market and tend to be subject to stringent financial checks.

At Quicksell we have a great relationships with many of the banks and mortgage brokers in Spain and as a result specialise in supplying high loan to value, repayment and interest only mortgages, at extremely low rates of interest which can either be fixed or variable depending on your preference.

So with property prices and interest rates at an all time low you could say there's never been a better time to buy a property in Spain or indeed borrow the money to do so.

Buying large quantities of currency at the wrong rate can increase your purchasing costs by thousands if you’re not careful, so getting the Best Rate Possible on your currency exchange is an absolute must.

As an example, if you Transfer £100,000 to Spain via your high street bank and get a spot rate of  €1.12 to the pound, you will receive €112,000 minus of course the fee the bank charges.

If on the other hand you go through a specialist company and get a rate of €1.15 to the pound, you will receive exactly €115,000 with no deductions whatsoever and thus make a Saving of Over € 3,000……Worth considering don’t you think?.

So before you make the mistake of going to your bank and arranging your transfer of funds to Spain, please make sure you get at least a couple of quotes from companies that specialise in international currency transfer and exchange, because we 100% Guarantee it will save you money.

If you are not sure who to turn to for your currency exchange quote, we can point you in the right direction, as we deal with several foreign exchange companies, that can give you a Free Quotation while you are either here in Spain or in the UK.

You can then decide whether you want to use your bank or not.

Yes there are...............Firstly, it’s a very good idea to consult a Spanish based Independent Financial Advisor (IFA) prior to purchasing anything, not only because it gives you a good idea of where you stand from a tax point of view on your purchase, but also because it just makes good sense to get Professional Advice from a specialist in Spanish financial planning.

At Quicksell we include a Free no obligation consultation with a professionally qualified IFA as part of our service, which we can arrange for you prior to your arrival in Spain, although the choice is yours.

Secondly, it’s very unusual to have a Pre-Purchase Survey performed on a property in Spain and if you ask most agents about having one done prior to purchase they will normally fob you off and say it’s not necessary.......Well don't listen to them!

After all would you buy a property in the UK, Ireland or elsewhere in Europe without a survey ?........Of course not, so why do so in Spain?.

You'll therefore be pleased to know that as part of our Due Diligence Programme Quicksell have all of their directly listed properties professionally surveyed by a fully qualified RICS chartered surveyor prior to completion of sale.