If you have decided to buy a Spanish property then before you commit to the purchase, it is worth considering who will be the legal registered owners of the Spanish property at the local land registry.
What to do if you buy a property in Spain?
For example parents could decide to buy a Spanish property in the names of their children and retain a life interest in the property. If you do decide to buy a Spanish property in the names of your children, then consider how to mitigate any of your children divorcing, dying before you or becoming bankrupt.
How to dissolve joint property ownership in Spain?
This process can be arranged in a few days without any need for you to come over to Spain by means of granting your lawyer a specific power of attorney. Your lawyer should be able to undertake the necessary preparations, sign the deed and register the new ownership with the Land Registry.
Can a mother sell what is not hers in Spain?
Dear Sir, Your mother cannot sell what’s not hers. She first has to lodge the 50% bequeathed by her partner under her name at the land registry prior to selling on the property. No Spanish Notary will allow the sale of a property whose not under the name of the vendor, it’s a criminal offence ruled by art 251 of Spain’s Criminal Code.
Where can I buy real estate in Spain?
These Spanish properties are for sale direct from their owners, with no agent or broker in the middle. The properties are marketed here on behalf of owners by Creative Property Marketing – a company that helps owners market their properties direct to buyers, cutting out brokers and their commissions.
Why do you buy direct from the owner in Spain?
Why buy Direct from the Owner? It is a fact that buying property in Spain is fairly straight forward as in most other countries. However, there are additional costs that have to be taken into account. Of these, iva (VAT) at 7% has to be paid as do the legal and registration fees.
Can a property be transferred from the UK to Spain?
Spain does not strictly speaking have this concept, but if a divorce/separation agreement is from the UK or Ireland, we can prepare a deed to transfer the property by a division of tenancy in common based on that. Or we will need evidence of payment to the outgoing party/parties.
