Conveyancing Process for Buying a Property in SpainUpdated on Monday 18th April 2016
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Processing the legal papers involved in transferring an ownership interest into real property from one of the parties to the other (purchasing a property) bears the legal term of conveyancing. This means that both the buyer and the seller have to meet their obligations. It is advisable to seek counsel from a Spanish attorney if you need to be provided with conveyancing services.
Steps in a Spanish conveyancing process
When you decide on buying a property in Spain, you should first consider a number of aspects and various elements that need to be checked:
1. The property should first be analysed, as well as the land and the construction itself (materials used, administrative and legal situation of the property).
2. You should also discuss the property's aspects with inspectors and architects of the area (for future ease of obtaining licenses, building permits etc). This can easily be done by our Spanish solicitors as they have expertise in these legal matters.
3. Then a property report should be completed so as to know the exact legal situation of your future property, the costs and taxes of the transaction.
4. A Spanish law firm can also assist you in obtaining a mortgage loan (if that is the case) in order to finance the purchase of the property.
You can ask for the help of our lawyers in Spain in order to complete the buying process and any other legal issues that you may face in a conveyancing matter.
Legal documents needed for Spanish conveyancing
You will also need to provide some documents in order to complete your conveyance process in Spain. Some of the papers are as follows:
- • a foreigners identification number (NIE) which is mandatory for Spanish property purchasers before the signing of the title deed;
- • a power of attorney ("poder special") in case you wish our lawyers to act on your behalf of you and represent you in legal matters;
- • documents prepared at a notary's office in order to legalize them.
At the end, once the financial aspects are set with the bank, the purchase deeds have to be signed at the notary and translated from Spanish into your language; then the ownership of the property is transferred to you and registered in your name.
You can feel free to contact our Spanish law firm as we can offer you conveyancing advice when buying a property in Spain and give you further details on the taxes and costs that will arise in the acquisition process.