Once
you have made your choice, the property is reserved for your
Solicitor to carry out the necessary searches, thereafter, a
suitable timetable will be arranged for a successful trouble-
free purchase of your property.
To help you further, here is a quick reference to the procedures
for buying a property in Spain.
NEW
PROPERTY
Leave a deposit to reserve the property.
Agree terms with the Developer.
Meet your Solicitor or Conveyancer.
Open a Spanish Bank Account.
Make stage payments (via UK Bank) as stipulated on the Contract.
Transfer final payment into your own Spanish Bank Account
and only pay on the date of completion with your Solicitors
confirmation. On this day the property will be signed over to
you in front of a Public Notary.
RESALE
PROPERTY
Leave a deposit to reserve the property.
Open a Spanish Bank Account.
Meet your Solicitor or Conveyancer.
Agree terms with the Vendor.
Transfer the amount into your Spanish Bank Account.
Payment of 10% on signing of the Contract.
Pay balance on day of completion when the Vendor signs over
the Title Deeds to you in front of the Public Notary.