z Barclays Properties - Purchasing a Property

A.E.G.A.I No:1797

Newspaper article See newspaper article here

CHOICE OF PROPERTY
Welcome to the urbanization of La Marina. Located within a twenty minute drive of the airport of Alicante. Close by is a superb stretch of the Costa Blanca´s golden coast line. You will find that our urbanization is self contained offering all amenities one would need, international supermarkets, national health doctors surgery, private clinic, pharmacy, optician, restaurants, swimming pools and weekly market. Regular bus and taxi services from all points of the urbanization. It is recommended that you spend at least a week here, in La Marina urbanization,  to obtain a feel of the area and the facilities in which it has to offer. During your stay a member of staff will accompany you to all of the properties in which you have chosen to view. We will advise you on all aspects of purchasing a property in Spain.

BANK ACCOUNTS
Before purchasing a property it is recommended that you open a Spanish bank account. A member of staff will be happy to accompany you and assist in this matter. You will find all representatives of the bank are most helpful and with a fluent command of English.

MORTGAGES
Should a mortgage be required Barclays Properties will assist. It is possible to arrange mortgages up to 60% of the valuation price. You will find the interest rate variable at approx 4.5%.

Mortgage Calculator

DEPOSIT CONTRACT
To reserve your chosen property a holding deposit is required, giving a two week period to transfer the rest of the deposit, normally being 10% with an approximate 2 month completion date, depending on agreement between both parties.

NOTARY
The role of this person is to ensure that the purchase you are about to make is lawful and meets with certain criteria laid down by the Spanish government. They will check the property´s deeds to ensure that all parties are represented correctly and that the ownership will pass to the buyer upon completion either freehold or in conjunction with a mortgage. The Notary is required by Spanish law to witness the payment of agreed money and signing of all relevant documents. The Notary also instigates a second search on the property minutes before the deeds are signed. You will receive a copia simple of the deed from the Notary

LAND REGISTRY
The land registry is where your deeds will be registered into your name. This procedure generally takes approximately 3 months.

POWER OF ATTORNEY
If you feel you are unable to return to Spain for the completion of the property, you can arrange to leave Power of Attorney with your solicitor, Barclays Properties or a third party.

WILLS Whether or not you have made a will in the U.K. It is strongly recommended that you make a legally notarised will in respect of your property and assets in Spain. This will ensure you and your loved ones are safeguarded should the inevitable occur. Our staff will be able to assist you in the making of a Spanish will, getting it prepared and translated into English.

N.I.E (Identification numbers for non-residents)
This number is required if you would like to purchase a property or car in Spain, this is also required for numerous other procedures i.e. enrolling children in School etc).
When purchaing a property with ourselves we will assist you in obtaining this.

CONVEYANCE
The procedure on the morning of the conveyance is as follows: A member of staff will accompany you to the bank to arrange the collection of your monies (Barclays Properties will have arranged prior to this date the required orders / cheques etc.) Once you have completed all transactions at the bank, we will assist you in the checking of the property´s inventory. If you have left power of attorney, a member of Barclays Properties will check the inventory on your behalf on the morning of the conveyance and collect the keys.On signing the title deeds at the Notary you are now the proud owner of your new home and take possession of the keys.

TRANSFER, STANDING ORDER & INSURANCE
Once the conveyance is completed we will ensure that the water, electricity and rates are transferred into your name and arrange standing orders with each company. Insurance is strongly recommended for building and contents. We can also arrange this for you.

AFTER SALES
Having purchased your property, Barclays Properties are on hand to assist you in any matter with which you have a problem understanding. Our after sales services are available to all of our clients old and new, should you require a little advice or just a general enquiry we will be only too happy to assist you.Our after sales service is second to none.