Spanish Property Buyers Urged to “take the Right Steps”
People considering buying a property in Spain have been informed of steps they should take before taking the plunge by Banco Halifax Hispania.
The first piece of advice offered by the bank is to use qualified solicitors and surveyors who are fluent in English, have good local knowledge and experience in working with British buyers.
Additional expenses will be involved in this process, Halifax points out, but these will be less than the potential costs that can arise from unwanted difficulties in the future.
Prospective Spanish property investors are also advised to carry out land registry searches to learn the status of the land. Viable properties should be listed as a ‘vivienda’ or ‘habitable dwelling’.
Ian Smith, head of European operations at Halifax, said: “Our approved panel of independent solicitors and surveyors are all experts who can provide sound guidance and reliable advice and we recommend that anyone intending to purchase property in Spain arrange a consultation as early as possible.
“Few people would consider buying a property in the UK without instructing a solicitor or surveyor and the same care and consideration should be taken when buying abroad.”