Posts Tagged ‘Spanish’
Why Spanish Bank Repossessions Are Bad Investments
Spanish banks are playing dirty with the resale of property repossessions. Banks in Spain are so desperate to get rid of their property stock that they are resorting to underhand means to achieve it. A common scenario is to auction the properties and offer them on a 100% ( [Read More]
Spanish Slash Property VAT
José Blanco, Minister of Public Works and Housing stated recently that VAT on new homes will be slashed from 8pc to 4pc for the remainder of 2011. However, before we get too excited, the new rate will only apply to sales of new homes which complete before 1 January 2012. [Read More]
How To Apply For Spanish Mortgages
The system of how to apply for a Spanish mortgage is largely similar to the UK but with few differences. Mortgages in Spain that will be offered to you is vary considerably from bank to bank. It can be a wise move to use a professional mortgage broker to cut through the [Read More]
Off Plan Deposits In Spain Protected
A recent court case going on in Cantabria in northern Spain found in favour of a buyer who paid a deposit on a property in Arce that was never built. The buyer was informed that he had the legal right to “demand a full refund from the bank”, which in this case [Read More]
