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We work with the renowned law firm Sun Lawyers, established in 1985. It guarantees legal services and any related support you might need.
If you intend to purchase a property in Spain, whether as an investment in a secondary market property or a newly built one, we always recommend seeking legal advice from a law firm with many years of experience.
Huge facilitation in the organization of the purchase of a property and all the formalities in Spain is given to our clients by the Notarial Power of Attorney.
The Notarial Power of Attorney gives your lawyer the legal right and responsibility to manage your fiscal obligations and related matters. A Notarial Power of Attorney contains general powers that allow your lawyer to conduct any procedures beyond signing a Notarial Deed, for example, it allows him or her to apply for an NIE number for you, sign a contract with an energy or water company, can act as a tax representative before the Internal Revenue Service, establish standing bank orders to pay bills, obtain licenses, etc. It is recommended to establish a Notarial Power of Attorney prior to the completion of the purchase process to avoid delays. For instance, if, for various reasons, the buyer is unable to attend the signing of the Deed, the Power of Attorney can facilitate the entire purchase process and make it smooth, easy and without additional stress for the buyer.
Lawyers working with us participate in the process of buying property in Spain, ensuring the safety and comfort of the client at each stage of the property purchase.
NIE (Alien Identification Number) – The number is NOT a tax identification number in Spain for foreigners.
It is required when dealing with any official or legal matters in Spain.
For example, you will need this number when buying a property, car or yacht, or to open a bank account, sign a contract with water or electricity suppliers, and to pay taxes due
We assist our clients with the formalities involved in obtaining an NIE number in Spain.
Having a bank account in Spain will be essential in the process of buying a property to pay any taxes due, bills, invoices and to pay any settlement fees.
Establishing an account will also be necessary if you take out a mortgage, in order to pay the current installments.
We assist our clients with the formalities involved in setting up an account with a Spanish bank.
We recommend checking and choosing a bank that has a branch near the area of the property purchase.
We always recommend that before opening a bank account you make sure what the service fees are for deposited funds, for receiving or sending wire transfers, clearing checks, etc.
In Spain it is possible for foreigners to get a mortgage – you get one based on your PIT from the last 2 years. The loan can be obtained both by being employed under a contract of employment and by running one’s own business (excluding lump-sum companies).
We cooperate with banks and credit brokers – we provide all the assistance in obtaining a mortgage by our clients.
The loan can be obtained up to the value of 70% of the property nevertheless banks do not finance the 10% Vat (IVA) and notary costs, so be prepared for a 45% contribution.
Interest rates in Spain range between 3.3 and 4%.
There is no age limit.
It is necessary to provide: Receipts from the last 2 years, employment contract or CEIDG/KRS in case of business, account statements, BIK report and personal documents.
A very important condition is that if customers have loans in Poland the monthly installments cannot exceed 30% of the monthly income obtained.
We perform free scoring.
We work with certified translators in Spain. Their assistance is essential when signing a notarial deed.
Our agency cooperates with agencies that handle the real estate purchased by our clients.