Spanish Mortgage, Mortgage in Spain,
Spanish Mortgages and Andalucia Mortgage
When buying a property in Spain it is wise to make sure you speak
to a fully impartial and international mortgage broker who knows and
understands the market in depth. There are potentially a number of
ways you can consider raising finance and a vast array of products
and lenders. An independent mortgage broker can ensure you understand
and have access to all finance options available.
To read more about how to obtain a mortgage in Spain, go to our Mortgage
Advice page. To calculate your mortgage, go to the Mortgage
Calculator page.
Term
|
Description |
Abogado
|
Solicitor |
Actos Juridicos
Documentados (AJD)
|
Stamp duty |
Community
Administrator
|
Check for any outstanding fees that need to
be taken
into account |
Contrato de
Compraventa
|
Contract of sale, this is signed when the 10%
deposit
is paid, check 'completion time', Escritura value,
Furniture inclusion and other conditions of the sale |
Copy of Escritura
|
This will be certified copy of the title deed |
Cuotas de comunidad
|
Community service charges |
Escritura Publica de
Compraventa
|
The title deed. This will show who the true
owner/s
are and define exactly what is being purchased |
Escritura value
|
Purchase price of the property and content value |
Hacienda
|
(Tax Office) Checks there are no outstanding
taxes
and that previous wealth tax submissions were made |
Impuesto Sobre
Transmisiones
Patrimoniales (ITP)
|
Property Transfer Tax |
I.V.A.
|
VAT |
Legal Definition of the
property
|
Exactly what is being sold - (bit embarrassing
to buy
a villa, and then find the deeds don´t include the
land it stands on) |
Liabilities and debts
|
The extent of any borrowings or liabilities,
if any,
guaranteed by the property and any outstanding
debts on the property. |
Nota Simple
|
An extract from the title, which confirms current
ownership and shows any mortgages or embargoes
on the property. Available from the land registry |
Notario
|
The public impartial witness (Notary) |
Plus Valia
|
Capital Gains tax on land |
Registro de la Propiedad
|
The land registry |
Town Hall
|
Checks that the annual Municipal rates have
been
paid up to date |
|