Check out this list of things to do and look out for before you purchase a property in Spain. The list is easy to understand and should be followed with your lawer. He is the one who will know where to do the digging for information. We wish you well and good luck in finding your spanish dream home.
The Escritura Publica and Nota Simple
The Escritura Publica is the registered title deed of the property. It is entered in the ‘Registro de la Propiedad’, the Property Registry, and is the only guarantee of title in Spain. It contains a description of the property, the details of the owner and any mortgages or legal claims that exist against the property. This document is important because it tells you if the seller is the owner of the property being sold. A nota simple contains further details of any mortgages or charges against the property and is also available from the Registry.
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Landlords need to understand investment property mortgage rates in the UK if they are to make a success of buy to let investing. Investment property mortgage rates in the UK have some things in common with mortgage rates for residential property. At one time, investment property mortgage rates in the UK were always higher than rates for residential mortgages. However, now that difference is less acute, though unless your circumstances are perfect, you might end up paying a premium of an additional percentage point. 