your best advice please.....
 

Thanks to dematt :thumbup: I now have an independent solicitor lined up incase we see anything of interest to us when we land in soggy spain on friday.. Now i want advice on mortgages.. ( don't I always want summat ) :lol: We have a deposit but will need a mortgage for remainder.. Now do we have a spanish mortgage or a bank in england that does spanish mortgages? Do we have the bank the estate agent will offer us or do we use our solicitor who also is offering mortgage services? HELP :unsure:
thanks...:thumbup:

Re: your best advice please.....
 

sorry i put dematt instead of damatt..:o . not that it matters cos don't think anyones talking to me:unsure:

Re: your best advice please.....
 

Hi jean

Don't really know if this will help, since putting the house on the market and talking to estate agents it has become clear to me that finding buyers a bank that will give them a mortgage is included in the fee they charge the buyer. Many estate agents here charge the seller and the buyer equal commission, the seller for selling their property and the buyer for arranging mortgage and after care. There, most probably not been of any help but at least you won't feel alone now.

Re: your best advice please.....
 

Hi

This might help try these Int Mort Solutions, if you pm me I will send you the details, they have helped quuite a lot of people in the past with their contacts down the Costas;)

Re: your best advice please.....
 

Thanks for your information. wonder what they'd do if you were a cash buyer and didn't want their services

Re: your best advice please.....
 

That's a good point, one of the agents we are with does not charge the seller any commission at all, but there is a 6,000 euros fee to the buyer for services rendered.:confused:

Re: your best advice please.....
 

I know a guy with a villa for sale and the agent has 37,000 on top of it. :ohmy:
He only needs to sell a couple a year at that rate.

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That is daylight robbery.:curse: Is his name Dick Turpin by any chance:D

Re: your best advice please.....
 

That's what a lot on this coast do, they add up to 10% on top of the price you have said and it gets advertise at that price, no wonder the house's here take so long to sell.

Re: your best advice please.....
 

Its not as straight forward as buying in the Uk. I realy don't want to insult some poor Brit that just wants to sell their property, :( but don't want to pay thousands of euros over the odds to line someone elses pocket.:frown:

Re: your best advice please.....
 

I shall ask the estate agent, if I see anything I fancy, Who will be paying their fee, will it be the seller, us or indeed BOTH cos don't want a nasty estate agents bill on top of every thing else!

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We have told the agents we have that the price we have told them is the final price and we pay our % from that, if they choose to charge the buyer a % then they must tell the buyer that when they come to talk details. Not to sure what will happen with the one that is charging the buyer, but we have a figure in our head that we would like to achieve and to be honest with you if we get that amount then we will most probably think about offering to pay the buyers 6,000 if they do want to use the after service.

Re: your best advice please.....
 

I will find the details of the mortgage people we used, english speaking girl with Company based in Alicante, I did it all over the internet and they arranged the Bank account for me with the mortgage provider. I got a Euro mortgage with interest only for 5 years then the balance over 25 years, they offered the best deal.

Will contact you tomorrow morning.

Dave
Damatt

Re: your best advice please.....
 

One piece of advise I would always give, keep all parties seperate, dont link any together, so dont use anything the estate agent gives you, same with solicitor, most get commission on your sale etc.

Dave

Re: your best advice please.....
 

You are being very fair.:cool: As I say I don't want to insult anyone but if what everyone is saying is true,houses in spain are being over priced, only an idiot would offer the asking price. I have been looking at property for over 9 months and the same properties are still on the web pages as what were on it last June!!:eek:

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Thankyou you are being very helpful.:) Even after I spelt your name wrong:o

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I have seen the same house on different agents for 10 to 20,000€ difference, so shop around.

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Yea so have I. I saw a house in montesinos in march 200.000 euros, I have seen the same house @ 185.000 with a different agent after I returned. Glad I didn,t put an offer in!

Re: your best advice please.....
 

Property here is well over priced, most of the agents we used quoted 30,000 over what we thought, then on top of that they wanted to add their commission which ranged from 2 1/2% to 3 1/2 % and two of those wanted the buyer to pay the same, oh don't forget there is IVA to pay I think it is about 13% but that should be added into the % charge. We went with the price we thought of originally and as we are not in any hurry to sell we will see what happens and take it from there. OH and I are not materialistic peeps and as I say as long as we get near to what we would like we will be more than happy. Have your wits about you when you are shopping and above all always take independent advice and if you are given any paper work in Spanish make sure you know exactly what it says. Happy house hunting.xx

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Thanks, will let you know how I get on:D

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That's right, that's because each agent adds on their cut above the asking price.:curse: and many see it's a way to make even more money, they think seller has said they want this, I have told them commission is this, oh if I add this on they will never know and I get more money. Are they made , do they think people don't check their website to see how their properties are be marketed.:eek:

Re: your best advice please.....
 

Jeanc,

We are in the middle of buying a new build property, and will need a mortgage sometime next year when its built. However, have you read the thread I started earlier about the stock market prices plummeting in Spanish development and the start of a recession etc?

Mr Teapot is threatening to pull out before we sign anything. :frown:

Re: your best advice please.....
 

Hi Mrs Teapot, have read your thread about proprty in spain, however I want to buy a home for us to use for many years to come and not as investment, ie to buy and sell on for quick proffit ,so really a slump is in our favour. As I've said before, last year we went on holiday 3 times, there are 5 of us, and the holidays cost us £7,000 just to get there. Then spending money! well for that amount of money you can pay a mortgage and flights and maybe go 5 times!.. I personally think if you want to buy to sell on on completion and make a few thousand on it then DON'T do spain. Buy in Turkey, cyprus, bulgaria, other places that people are going to buy. I still think 10years from now Spanish property will be stable and people will have stopped flocking to maybe bulgaria. What other country can you get a flight every day to from any airport in the Uk? I think spain will ride the storm.:thumbsup: