kskillma

Hi there - we have recently decided to buy a holiday home in Tenerife which will eventually become our winter home in the long term. However, I am extremely nervous at the prospect of dealing with Spanish property law and being ripped off. Any guidance or advice would be much appreciated on how to ensure a legitimate purchase. Any recommendations for a particular Estate Agent that can be trusted?

Tadd1966

Be very wary of estate agents and anything they offer or ask for (especially money and deposits).


If you are in UK contact Spanish embassy in London and they will give you a list of solicitors in Tenerife


An independent solicitor is a must

missile

Do not give solicitor Power of Attorney

johnnyone

I do not agree with that. I gave my lawyer POA in 2008 and he retains it. For me it just made buying, setting up bank etc. so much easier.

I think the advice should be only give POA to a lawyer you can trust.

kskillma

Thanks guys - it sure is scary stuff! Just how are you supposed to know who you can trust?

johnnyone

That's a good question. The main rule is to avoid the Lawyer recommended to you buy the estate agent. Other than that try to check out any lawyer by asking around other agents, purchasers etc.
If you are more specific on your location in Tenerife then other forum members may be able to make recommendations.

Loafing Along

The UK government publishs a list of recommended lawyers. :
https://www.gov.uk/government/public...ist-of-lawyers

When we were looking at properties in Valencia we chose one off this list and she was excellent.

mikelincs

We gave our solicitor PoA to deal with the purchase of the property when we bought, they also set up bank account, mortgage etc.

kskillma

Some great advice, many thanks! We are planning on buying in Tenerife!

KieronF

An easy way to deal with things, and at the end of the day, once the purchase is complete you can either revoke the POA or simply move banks/open another account should you wish. I am sure most would recommend finding a good, recommended solicitor and then going down the route of POA.