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Buying a property is a very important decision, and requires the expertise of qualified professionals. Therefore obtaining free advice from a specialist Estate Agent, with may years of local knowledge is a good idea, also one that will explain all the steps in the process towards your property purchase. With low interest rates across the European Union and in aprticular Spain, we can find a Mortgage to meet your needs, coupled with financing up to 70% of the purchase price we can obtain a mortgage offer in just a few days. Documents needed with Mortgage Application. * Passport or Residence Permit * Last two Payslips * Latest P60 * If Self Employed- Copy of last years Accounts/ Proof of income/ ect Private Purchase Contract. Once you have found the property you wish to purchase, the first step is for Buyer and Seller to sign a reservation option contract, the Estate Agency will require from the buyer a deposit of up to 10% of the purchase price. Although not compulsory, we would recommend you sign the Reservation Option Contract, as this confirms both parties to the agreement. If this is not carried out the effected party may be compensated. The final step to becoming a new property owner, you will need to sign the final purchase agreement in the presence of a Notary Public and pay the oustanding purchase price. The last legal step is to register the purchase/Sale at the Property Registry Office.
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