Lawyers in Spain
The lawyer should tell you in advance what his fees are.
Some lawyers will fix a fee while others set it at percentage of the purchase price.
The normal fee in this area is 1% of the purchase price of your property, to which you must add 16% VAT.
What can you expect from a lawyer for this fee?
- Legal Attendance by English-speaking lawyer in the purchase/sale of your property.
- Explanation of the contract, and all the legal implications.
- Negotiation of changes to the contract as required.
- Assistance in the application or termination of a mortgage loan if required.
- Assistance in the process of opening an account in a Spanish bank.
- Liaison with the vendor’s/purchaser’s solicitor or estate agent.
- Translation and explanation of all documents requiring your signature.
(You wouldn't sign in England if you didn't understand it) - Arranging payment of and taxes relating to the transaction.
- Searches for the existence of debts, loans or other commitments on the property.
(Important as in Spain debt is "attached" to the house, if its not cleared it becomes your debt). - Application for NIE (fiscal number).
- Translation of the deeds before the notary( essential it's your money you need to understand what happening!).
- Advice on Spanish taxes related to the transaction, ITP, IVA, capital gains etc.
- Arranging registration of the title at the land registry.
- Resolving all legal questions involved in the transaction.
- Buying by power of attorney if you so require.