Financial and Legal
Financial and Legal
Duchy Estates works with highly recommended independent lawyers, mortgage advisers and tax advisers on the Costa del Sol and we would be happy to introduce them to you personally. Many clients feel that they can rely on their UK advisers, but unless they are fully conversant with the complexities of Spanish law and the Spanish language, we would strongly advise that you allow us to introduce you to professionals here on the Costa del Sol.Legal The Spanish conveyancing procedure can be complicated and is very different to that of the UK. Your best option is to consult a bilingual Spanish / English speaking lawyer here on the Costa del Sol who knows the system inside out and can put your mind at rest by checking documentation, licences and contracts thoroughly on your behalf.
Mortgages There are a bewildering array of options open to you when seeking finance for property in Spain from Spanish, English and Offshore lenders. Duchy Estates can recommend mortgage advisers who will offer a truly independent service and guide you to a product that will suit your individual circumstances. Expect loans of up to 80% of valuation for non-residents and 100% for residents including interest only and non status mortgages.
Tax When buying property overseas, especially if you're planning a permanent move, it's essential to take advice on tax planning in order to make best advantage of local tax rules. Experts recommended by Duchy Estates can cover everything from wealth tax to inheritance tax and pension planning to purchasing a property through a company for certain fiscal benefits including IVA (VAT) recovery.
