Your own slice of paradise…
Your own slice of paradise for less than €800 a month Imagine watching the sun set over Torrevieja’s famous Pink Lake from the comfort of the large private terrace of your brand-new high spec apartment in Los Balcones, Torrevieja. You might think this is just not affordable, but to help you budget, we’ve done a […]
Property valuation (tasación) – How do property valuations work?
Property valuation reports are done by registered valuation companies. These are regulated by the Bank of Spain, who specify very clearly what they must contain and what makes a valuation valid for a bank to accept. Depending on which bank you finally decide to go with, the process to obtain the valuation changes. Some banks […]
Property valuation (tasación) – Why is a property valuation needed?
Banks need to make sure that the property purchase they are financing is acceptable for them. This implies making sure the property is legally registered, and that their loan is backed by a property with the right value and resalable. This is just a final check from them before they accept to proceed with the […]
What are the costs involved in signing a mortgage in Spain?
The costs involved in signing your Spanish mortgage include: Set up costs – this fee will vary depending on the bank that offers the finance. It can range between 0% to 2.5% depending on the mortgage amount, bank, and whether you are a resident or not. Valuation cost – generally the banks do […]
