Big Pete

I have been advised that a Notora does similar job to a Solicitor and makes sure that all house deeds are correct and that moneys and deeds are changed over at the point of sale , is this right ?
Or do you forget the Notora and just have a solicitor ?

I think its actually called a Notorio ?

MnM

Hi Pete,

A Notario is a Notary Public. I've copied the following paragraph from the link below:

In Spain a Notario is a qualified public servant whose main function is to ensure and certify that all matters brought before him for signature are legal. He is not there to guard your interests. He will not tell you that something within a document "is not in your interest" if it is quite legal.
On the other hand he will refuse to notarise anything that is not fully legal. If you do not understand fully what a Notario tells you, say so. It is too late to complain after a document has been Notarised.

Check out this website for more info:

http://www.practicalspain.com/Property.htm

P.S. Read your update, great news and congratulations

Big Pete

Thanks for that ,
So in essence if the Notario checks the deeds and contracts and signs it all , its legal i guess . So you wouldnt need a solicitor i guess .. As the money is only exchanged at the same time as the Notary signs it off ?

MnM

The Notario checks the deeds and contracts to see that you are who you are and the seller is who he says he is, that the correct amount of money mentioned in the sale/purchase exchanges hands, etc., etc.

I would strongly recommend you hire a solicitor to do all the background checks on the property & deeds, ie that there are no outstanding debts on the property, the M2 is correct, that that the owner is actually the owner and not 1 of 8 owners, etc., etc.

Big Pete

Already had the deeds checked no charges ,clean title just the old boy owns it ,, It just seems so simple to buy a place there

No major flaffing around , you pay a deposit then you get your dosh go to a Notario and swap money for the property easy peasy or what ??
Why dont us brits do that ? Not rocket science is it ? Just like buying a car , Theres your money and theres the logbook

Mitzyboy

what happens if he takes a loan against the property 2 days before you go to the notary?

Big Pete

Well i reckon a check should be made just before signing and changeover , as this is available online immediately , so the Halifax Spa building society told me ..

Unless i am mis informed ?

Big Pete

I must confess it all seems to damn easy though ?? worrying u know ..

jdr

As that case in the paper, where they took out two 30,000 loans by delaying the exchange and the buyers not checking again. ;-((

keithwalters

No, you´re right.

www.registradores.org.

glad 2 b back

No, and don't assume that if anything is wrong with the deeds (or you have a dodgy solicitor) that you will told before you hand over your money. Talking from experience here

glad 2 b back

obviously you have yet to buy a car in Spain

lost in spain

We went through a reputable solicitor and a notary and have ended up with a property we cant sell.

We were told everything was fine with the paperwork. If the property you are buying is on rural land and anyone mentions the words segregation to you then run to the hills screaming and dont look back....

Big Pete

I take all your advice on board but the agent seems to think its all easy peasy and even the Halifax Mortgage guy has made it sound so simple .

keithwalters

As long as you know what you are doing it is easy peasy. It´s simpler than in the UK anyway. Emphasis has to be on the "know what you are doing" though.