Sales FAQ

Spanish banks offer mortgages for both second-hand and newly built homes. It is common for most Spanish banks to offer mortgages to non-resident customers, although some banks offer a wider range of financing packages than others. The common terms offered are mortgages of 5 to 15 years, up to 70% of the purchase price, around 1 point above current EURIBOR rates. The client must be able to afford the loan, especially the monthly repayments, and the bank will also appraise the property. The appraisal value, in general terms, coincides with the market value of the property.
The seller always pays the agency fees.
Marbella has the newest, most modern hospital with the best regional equipment in Spain (Hospital Costa del Sol), as well as an important selection of well-equipped clinics and a wide range of general practitioners and specialists. Several groups offer private medical insurance, such as SANITAS or DKV. This can cost around €65 / £46 per person per month, depending on age and state of health. The Spanish Social Security System now allows EU residents to access the health network through a special form (E-101). For residents who are self-employed, business owners, or employees, their social security contributions automatically entitle them to the Spanish health network.

In most cases, notary fees are between €500 and €800, depending on the value of the property and the number of pages of the purchase contract. If you have taken out a mortgage loan to buy the property, you will also have to pay notary fees for the registration of the title related to the mortgage. The fees for the registration of the title vary, in most cases, between €300 and €500.

Lawyer's fees

Generally, lawyers charge about 1% of the agreed purchase price plus VAT. In the case of higher priced properties, this amount may be negotiable.

Mortgage lending

If you obtain a bank loan in Spain to finance the purchase of your home, the loan will be subject to a stamp duty of between 0.5 % and 1 %, depending on the area in which the property is located. The lending bank will also require a property valuation to be carried out, which costs between €300 and €500. Most banks also charge an arrangement fee of around 1% of the loan amount.