When buying a property in Spain, you need to be aware of the numerous legal and financial processes that must be strictly adhered to, compliance is paramount and so a qualified lawyer is required to ensure all requirements are met and your dream property purchase finalises smoothly and problem free.
Obtaining an NIE number
An NIE number is basically a legal identification number issued by the Spanish National Police to foreign nationals who do not hold residency or Spanish citizenship, it allows the individual to carry out legal activities such as those required when buying a property.
Obtaining Power of Attorney
This document gives your lawyer the legal rights and responsibilities to manage your financial affairs relating to your property sale or purchase.
If you are based in the UK and unable to be in Spain to attend to the required financial commitments, then your lawyer can undertake on your behalf, this includes the signing of documentation.
Opening a Spanish Bank Account
Opening a Spanish bank account for a non-resident is fairly straightforward proving you have the correct documentation, including a copy of your passport, however, it is worth noting that Spanish banks have tightened regulations in recent years and so having a lawyer manage the application is often the easiest and best option.
Conducting Land Registry Searches (Nota Simple)
It is important to ensure that there are no charges or encumbrance against the property, for example, a mortgage or debt against the property or if there are issues with rights of way in or around the property.
Title Deeds (the escritura)
Arrangement of the appointment and the necessary documents to sign the Title Deed of your purchase (the escritura) in front of a public Notary.
Are you contemplating moving to the Spanish sun on a permanent basis?
If so one of the several visas available may be an option for you.
Let our team assist and guide you throughout the process we have expert knowledge in all aspects of obtaining a visa most suitable to your needs.