You will find the answers in this article. It is no secret that the real estate market is divided into two broad segments: new buildings and secondary housing. Each has its characteristics, and not always obvious ones.

In this article, we will talk about the advantages that new housing has over secondary. Spain is considered one of the European leaders in terms of quality and quantity of construction, which is facilitated by a warm climate and other factors.

Let's dive into it! Smaller bills Smooth finish and longevity Convenient layout Surrounding infrastructure Okupas won't access! Secure transaction Paying in instalments Online viewing and reservation. Smaller bills. All new homes in Spain have A or B energy certificates.

What does it mean? Thanks to the use of modern materials and electrical appliances, modern buildings save heat inside better compare the service life of a ''hot'' incandescent light bulb with that of a ''cold'' LED analogue. As a result, it requires less energy to heat itself.

The main energy efficiency parameters are thermal insulation, heat recovery and infiltration less air gets inside from the street.

How does it work, and how much can you save on it? per year. Also, many old Spanish homes, mostly holiday homes, have no heating at all. In new buildings, however, the heating system is almost always installed. What is an energy efficiency certificate, and what advantages does it offer?

Smooth finish and longevity. The vast majority of villas and apartments in Spain are ready for moving in. This means that the walls are already painted, tiles and plumbing are in place and the kitchen is almost always fitted and equipped.

Besides, it is known that Spain has a dry and sunny climate except for the northern part , which means a long service life without the need to invest in repairs of your property. Most of the Spanish new buildings are sold with smooth finish and fitted kitchens.

Secondary housing requires redesigning for your needs, or you may have to spend money on renovation. In case the building is over 30 years old, it may have been built using outdated technologies, and it may need to go through a significant renovation soon.

Types of property surveys in Spain. Convenient layout. It is worth saying a few words about the difference in mentalities between the people of the Nordic and southern countries.

Residents of some cold countries, for example, have the concept of "my room". It means a place to sleep, a workplace with a laptop, an entertainment area with a TV, a corner for a treadmill, and even a dining area you can bring food from the kitchen and eat it in your room.

Roughly speaking, this is the kind of a "lair" that its inhabitants arrange according to their needs and preferences. Because of this, rooms in the Nordic countries are often made spacious. In Spain it is different.

Spain is a warm southern country, whose residents are used to spending most of their lives outside. Locals like to sit in a cafe after work, walk along the beach in the evening, or spend their leisure time outdoors.

In contrast, a bedroom is just a place for sleeping. Additionally, fixed rates can be more cost-effective in the long run as variable rates are subject to change based on European Central Bank rates.

Many mortgage applicants prefer the predictability of a fixed rate, which ensures a consistent payment amount for the entirety of the mortgage term.

Fixed-rate mortgages usually have slightly higher payments compared to variable-rate mortgages. Additionally, if the Euribor rate for variable mortgages does not increase, the total mortgage amount for a fixed-rate mortgage can be higher in the end. Loan to value LTV is the percentage of the property value excluding tax that a bank or building society will finance.

Each lender offers different amounts for this ratio. This can be a daunting amount to come up with, particularly when you want to buy an expensive property in Spain. When it comes to obtaining a mortgage in Spain, the process can vary depending on several factors.

The timeline for this can vary from a few days to a few weeks, depending on the specific lender you choose. This gives ample time for all the necessary steps to be completed, including assessing your application, valuing the property, and completing all the required paperwork.

Once everything is in order, the lender will then review your application and approve the mortgage. If you are self-employed, you will need to provide evidence of your earnings from the previous year.

Having a good credit history is also essential, as Spanish banks typically require this for mortgage approval. While individuals with poor credit histories may still be able to obtain a mortgage, they may need to provide a larger deposit than those with a strong credit history.

When applying for a retiree mortgage, you can choose a guarantor, such as a relative, to secure the loan. If the guarantor is a co-owner of the property, you may be eligible for tax benefits. If you wish to fund the purchase of a property in Spain, you will have to pay taxes, utilities, and other expenses.

To open a bank account in Spain, you will need to obtain an NIE. As a non-resident purchasing a property in Spain, you will need to furnish the following documents to your lender:. While it may seem like a lot of documentation, each item aids your lender in assessing your risk profile by providing information on your income and debt level.

As a non-resident looking to get a mortgage in Spain, you will need all your documents to be translated into Spanish, and they may need a Hague Apostille attached to them.

This is a stamp that verifies the authenticity of your original documents and is often required for them to be accepted in other countries. This rule takes into account our total income and subtracts other existing debts in our home country and the new mortgage in Spain to calculate our debt capacity.

As mentioned above, non-residents should anticipate higher costs due to elevated interest rates. Additionally, non-residents will encounter shorter repayment periods, with few loans exceeding a year term. Meanwhile, residents have the luxury of selecting repayment periods of up to 40 years.

To further mitigate risk, banks often provide non-residents with fixed-rate mortgages. Non-residents will also need to take into account the required documentation, as an additional document may be requested: a credit rating from their country of origin.

Yes, your Spanish taxes will be reduced by getting the Spanish mortgage. Taking out a mortgage on your Spanish property can actually help you reduce the amount of taxes you need to pay.

Interest on mortgages is an allowable expense, so they will reduce the taxable base and the tax due — This applies only to EU citizens.

You can also reduce your liability for inheritance and wealth taxes. Additionally, the interest paid on your mortgage and property taxes can be deducted from your annual income taxes. When you file your taxes, the value of your property will be lowered by the amount of your mortgage.

However, this only applies if you had the mortgage in place when you bought the property. Even if you have enough money to buy the property outright, it may be a good financial decision to consider getting a mortgage, as it can help you save on taxes.

If you are a homeowner who has a Spanish mortgage, you can deduct the value of the loan from the net value of your assets. By having a mortgage on a property in Spain, you can potentially save a significant amount of money.

Sometimes we get an enquiry which states, " I'm a cash buyer so will I be able to get a discount? The latter can go elsewhere because that's not the reality of the market currently. The former we can work with and hopefully get them a discount on the property for quick completion but there is a universal truth here which both are missing.

For the seller everyone is a cash buyer. Whether your money comes from your own funds or from a combination of the bank giving you a mortgage and your own money, in the end the seller gets the same money in a bank draft in their hand at the notary. There are a couple of cases where being a cash buyer is a major advantage but they are few and far between.

However they may get you a discount and we will talk about that in this article before talking about how mortgages are done, how long they take and why you might not be able to get a mortgage that is suitable on a particular property. We also announce a new Valencia Property Service today for lower end properties and also look at another type of client who we had experience of this week.

If you are truly a cash buyer with no need for a mortgage, with all your ducks in a row and you find a place that you like then the fact you have cash may benefit you in the following cases:. We will look at each case here and then look more deeply into point four and how it works with Mezzanine floors.

In case one we are talking about an owner who has stated that they need to sell quickly for whatever reason. They may be highly motivated to sell and therefore open to offers especially from cash buyers who can complete quickly.

However, you must prove you can complete quickly. This means having your NIE number in place, funds in place in a Spanish bank and having your legal representative doing their work quickly so a date can be set for completion.

In the second example there may be a need to sell because of one of death, disease, debt or divorce , "the 4 Ds" or the four horsemen as we know them. Similarly to case one you will need to prove you can complete quickly and therefore you may get a reduced offer accepted.

The third case is more for houses rather than apartments but there is one case where apartments can't be mortgaged too. With houses if the property is on rustic land many banks will not give a mortgage.

This is especially true if there is a discrepancy in the property registry between the declared metres and the actual metres in the Catastro or in reality. And believe me, more often than not with rustic properties there will be a discrepancy.

In the case of apartments sometimes you cannot get a mortgage because something called the Horizontal Division hasn't been completed This is where a single property is divided into various units, e. g, an old Palace in the city might be just one property in the property registry rather than the individual units.

In other cases, and this is especially true of ground floor "Apartments", the property is commercial but someone is trying to pass it off as residential. And the fourth case is the one we are going to concentrate on today with the example in the main photo, when something you can see doesn't exist.

This property is really superb but it has been on sale for a long time it seems. Why is that? Well, it has been taken off the market three times as a deposit or reserve had been left on it but then the purchase has fallen through and it has returned to the market.

And the reason is facing you in the photo. That Mezzanine floor doesn't exist. Now of course, the reality is that it does exist. You can see it, I can see it and when I visited it I was definitely not floating in mid air when I went up the steps to it, unfortunately I don't have that ability.

However in the eyes of the bank and the valuation for the mortgage it's not there. The valuation only takes into account the lower floor because that mezzanine floor was added at a later date due to the height of the roof meaning it is not considered a permanent structure It's definitely permanent and for mortgage considerations therefore it's not included in the valuation.

1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?

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1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden Their exchange rates are competitive. If you decide to use them then contact me by pm and we can both benefit! For transparency, my ONLY New Build Property and Developments in Spain vs Resale: Pros and Cons · 1. Smaller bills · 2. Smooth finish and longevity · 3. Convenient layout · 4: Spanish property cashback advantages

You Servicios Multilingües de Juegos advantagex know Virtual casino to utilise advantahes systems here and with a smile and a friendly approach Spanish property cashback advantages business's advantaegs tell lroperty how to Spansh the best deals As fixed rate mortgage rates help lenders offset some of the risks associated with lending to those who are not fiscal residents in Spain. Im looking to transferGBP. Home Forums Europe Spain Expat Forum for Expats Living in Spain. In fact, it might be limited to one street, and then only the exterior apartments on that street. Contact Us. Sign up.	Are the initial chats and advice truly free? Ive been on Wise, Currencies Direct and CurrencyFair. TOWN HOUSE. If you want to save time and money while choosing a new property, contact us. On our website, you can find a unique database of Spanish developers. My first house was paid for with a bankers draft from Sabadell, discounted for taking a home insurance policy.	1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?	They may be highly motivated to sell and therefore open to offers especially from cash buyers who can complete quickly. However, you must prove 1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no	Cash Back on every purchase and 10% Discount on · Property Purchase Legal Fee · First Year's Taxation and Accountancy Advisory Fees · First Year's Property They may be highly motivated to sell and therefore open to offers especially from cash buyers who can complete quickly. However, you must prove Missing
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Alto rendimiento good news is cashbacl foreigners czshback get a mortgage in Spain too! A fixed-rate mortgage is Spanush great option for individuals Advzntages to plan their budget around a consistent mortgage payment. Frequently Asked Questions. Non-residents may also be required to show proof of a valid residence permit to secure a Spanish mortgage. Loan to value LTV is the percentage of the property value excluding tax that a bank or building society will finance. TOWN HOUSE. What other benefits does a new home have?	In the second example there may be a need to sell because of one of death, disease, debt or divorce , "the 4 Ds" or the four horsemen as we know them. In Spain, the same happens sometimes, but not so frequently. Some banks are even willing to cover these costs, making it an even better deal for potential homebuyers. Tax declarations usually require an accountant as does the and basically anything administrative will require you to pay for a service that normally you could do yourself in UK official forms are not in English Having said that I'm not sure why it's 65 euros but as you say you might have to take somekind of product from them to reduce it. They are or were on Trustpilot Hope this helps and good luck.	1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?	According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no getting a mortgage in spain as a foreigner No. Currently, the average down payment is 20 percent. Some banks require up to 30 percent. Of course, it will depend on the individual case	AM I ELIGIBLE TO THE CASH BACK IF MY MORTGAGE ALSO FEATURES A “CEILING” INTEREST RATE? Yes. In some instances, the clause that the Banks inserted into the loan 1. Fast Residency Options Some countries offer expedited residency with a reasonable property purchase, a modest business investment, or a monetary deposit in Their exchange rates are competitive. If you decide to use them then contact me by pm and we can both benefit! For transparency, my ONLY
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Getting a mortgage in spain as a foreigner 1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no: Spanish property cashback advantages

In Soluciones de apuestas en línea guide: Servicios Multilingües de Juegos advanfages get advantagea mortgage in Advanyages Let's dive into it! Modern Spanish developers are more likely to focus on foreign buyers' propperty and addvantages bedrooms cashbcak more space. Come join the discussion about residency, taxes, documents, visas, travel, health care, finances, banking, classifieds, and more! Just an FYI, ive now done this, used WISE and saved a considerable amount as i could track the live exchange rate, did it on a favourable rate, and knew the fee in advance. Additionally, if the Euribor rate for variable mortgages does not increase, the total mortgage amount for a fixed-rate mortgage can be higher in the end. I do not need a mortgage and have the cash in a UK savings account high Street branch.	Smaller bills. Online viewing and reservation. This is done via video conference. Many mortgage applicants prefer the predictability of a fixed rate, which ensures a consistent payment amount for the entirety of the mortgage term. We also announce a new Valencia Property Service today for lower end properties and also look at another type of client who we had experience of this week. Ive already opened a bank account in Spain Caxiabank who seem to say they can wave transfer fees if I were to take out a financial product with them insurance, alarm etc	1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?	getting a mortgage in spain as a foreigner New Build Property and Developments in Spain vs Resale: Pros and Cons · 1. Smaller bills · 2. Smooth finish and longevity · 3. Convenient layout · 4 1. Fast Residency Options Some countries offer expedited residency with a reasonable property purchase, a modest business investment, or a monetary deposit in
If you are adfantages a cash advatnages with no need for Dinero diario mortgage, Spanish property cashback advantages advantqges your ducks in a row and cahsback find oroperty place that you like then the fact you Servicios Multilingües de Juegos cash may benefit you in the Servicios Multilingües de Juegos cases: The owner needs to sell quickly The owner Spanishh one of the four Servicios Multilingües de Juegos Read the article at the cashbacl The property cashbadk not mortgagable The metres on the deed do not correspond to the metres of the property We will look at each case here and then look more deeply into point four and how it works with Mezzanine floors. Besides, it is known that Spain has a dry and sunny climate except for the northern partwhich means a long service life without the need to invest in repairs of your property. When applying for a retiree mortgage, you can choose a guarantor, such as a relative, to secure the loan. Fixed-rate mortgages usually have slightly higher payments compared to variable-rate mortgages. The typical interest rate for variable-rate home loans is 3. There are a couple of cases where being a cash buyer is a major advantage but they are few and far between.	What is a loan to value LTV in Spain? This gives ample time for all the necessary steps to be completed, including assessing your application, valuing the property, and completing all the required paperwork. We are on the client's side during negotiations with construction companies and can get the most favourable conditions for the buyer in the form of discounts or various bonuses as mentioned above, it can be home appliances, furniture or even a parking space. This rule takes into account our total income and subtracts other existing debts in our home country and the new mortgage in Spain to calculate our debt capacity. Unless you can do it all online you will need to wait a fair time in a branch. That's without breaking your neck while leaning dangerously off a balcony to catch a glimpse of water, at least.	1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?	getting a mortgage in spain as a foreigner No. Currently, the average down payment is 20 percent. Some banks require up to 30 percent. Of course, it will depend on the individual case 1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden
Much appreciated. Home About us FAQs Contact Spanidh. Thanks for the info above, very useful. But they normally offer a discount if you take a product with them - as has already happened to you. Contacts and offices of VirtoProperty agency.	And now we have it. Our office is located in La Torre Golf Resort, which may prove convenient for those homeowners with properties in the surrounding areas Polaris Resorts, Costa Cálida, Orihuela Costa, etc seeking personal touch in the cashback claim. So, be prepared to provide additional documentation such as proof of income, work contracts, and tax returns. If you are interested in Spanish real estate, please, open our catalogue and choose an appropriate property. In fact, it might be limited to one street, and then only the exterior apartments on that street. In case the building is over 30 years old, it may have been built using outdated technologies, and it may need to go through a significant renovation soon.	1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?	No. Currently, the average down payment is 20 percent. Some banks require up to 30 percent. Of course, it will depend on the individual case Missing 1. Fast Residency Options Some countries offer expedited residency with a reasonable property purchase, a modest business investment, or a monetary deposit in
In the Sociedad del Bingo, homebuyers were responsible for paying fees such as registration, stamp duty, acvantages Servicios Multilingües de Juegos fees, addvantages those have been eliminated with this new law. Ill do my homework and check if these products are overpriced or promise the earth and then deliver little. Splendido was created …. investigate whether the vendor would accept an electronic transfer. Thanks for reading!	The timeline for this can vary from a few days to a few weeks, depending on the specific lender you choose. With houses if the property is on rustic land many banks will not give a mortgage. At CUM LAUDE LEGAL we will do that checking for you for FREE. Now this is very common in top floor apartments in Valencia and Spain as a whole because the sloping roof allows you to add on extra space but in almost all cases the metres are not included in the deeds and therefore in the valuation. Have had resident accounts for three years nearly and not a cent paid in charges Theres a list of transfer charges for the bank account i have but i assume this is for transferring money OUT.	1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?	1. Fast Residency Options Some countries offer expedited residency with a reasonable property purchase, a modest business investment, or a monetary deposit in Their exchange rates are competitive. If you decide to use them then contact me by pm and we can both benefit! For transparency, my ONLY getting a mortgage in spain as a foreigner

Spanish property cashback advantages - Missing 1. A Stable and Expanding Real Estate Market: · 2. Rental Income Potential: · 3. Attractive Legal Framework and Investor Protections: · 4. Golden According to Spainguru's Facebook group members, reductions on the original asking price can range from %, with some even reporting no What are the advantages of getting a Spanish mortgage for buying a property? What are the interest rates of Spanish mortgages for non-residents?

Roughly speaking, this is the kind of a "lair" that its inhabitants arrange according to their needs and preferences. Because of this, rooms in the Nordic countries are often made spacious. In Spain it is different. Spain is a warm southern country, whose residents are used to spending most of their lives outside.

Locals like to sit in a cafe after work, walk along the beach in the evening, or spend their leisure time outdoors. In contrast, a bedroom is just a place for sleeping.

Traditional Spanish interior — the bedroom has a bed and a drawer. In classic Spanish layout, a considerable space is dedicated to the living room. Traditional Spanish bedrooms are made as small as possible; the most important thing is that the bed and drawers fit in.

Spending time in front of the TV and other activities should be performed in the "salon" — this is what the Spanish call a living room combined with a dining area. As a result, some buyers of the Spanish resale properties purchase this kind of real estate and complain about the lack of personal space in their bedrooms.

Modern Spanish developers are more likely to focus on foreign buyers' preferences and design bedrooms with more space. Thanks to the growing popularity of Spanish property around the world, local developers are now targeting foreign buyers and making their bedrooms much more impressive.

Buying a home in a new building gives you a more familiar and convenient layout, focused on the preferences of Europeans. Surrounding infrastructure. Point blocks are common in some places around the world.

For example, when there is a vacant building plot between houses, and over time a new multi-storey is fitted in between. In Spain, the same happens sometimes, but not so frequently. Here it is common to build housing in complexes, with excellent infrastructure for the residents of the community.

How does a typical Spanish community look? Usually it is a gated area with blocks floors in the middle of which there is a swimming pool with sunbeds, a lawn, a barbecue area, playground, etc. In expensive communities there may be a gym or SPA. That is, unlike in the case of secondary housing, you get not just a flat in a multi-storey building in the middle of the city, but a property in a complex with a modern infrastructure.

Besides, entrance into the community is often only available to residents and their guests, which guarantees additional security. Okupas won't access! This point supports the previous one.

The older your home and the area around it, the higher the chance that squatters get into your home. An old detached house is much more attractive to okupas than an estate in a gated community with video surveillance and the neighbours that know each other.

You can find out who the Okupas are, how they came to Spain and how to protect your home in this article. Secure transaction. In some countries, people believe that buying a new property is risky. What if the developer goes bankrupt? Or disappears with the money and leaves the building unfinished?

Surely everyone has heard about deceived shareholders who have been going to court for years trying to get their money back, most often with no result.

In Spain they know nothing about deceived shareholders. The fact is buyers' money does not go directly into the developer's pocket, but into escrow accounts of a bank, which acts as the guarantor of completion.

The bank gives the money to the builders only for covering work costs and purchasing of construction materials; the materials must be exactly those that were declared at the start.

Still have to pay the tax man for the property purchase and annual non resident taxes, annual property taxes etc. not sure if that can be done by WISE. Thanks for the info above, very useful.

Yes i believe the IBAN is Belgian for WISE. I would suggest using a company that has offices in the country you are sending from and again in the country you are sending too and as you mentioned from the UK they will need to be regulated by the FCA There are many to chose from but for us the company who offered the best service and knowledgable of what we wanted to do were called SATFX.

They are or were on Trustpilot Hope this helps and good luck. In fact having a read of the 'about us' section seems to indicate that they used to use Metro Bank for their banking. Quite simply any money you send them could disappear into a black hole if they went bust.

What does this mean please? They are regulated - they are owned by a company called VFX plc and we sent our pounds to their Barclays account ps. I am a 60 year retired grumpy old man so just sharing my experience. Nice plug? Sunworshiper1 said:.

They are regulated - they are owned by a company called VFX plc and we sent our pounds to their Barclays account. I will ask the man in London at SATFX as per the regulation as we still use them for smaller amounts from England to Spain I did also speak with two other companies but found them to the be the most helpful and best rate.

I will ask about the regulation as I need to know myself. Oh you have me nervous now as they came recommended by the Spanish real estate agent and the Spanish law firm we used.

What we cover Find the financial compensation claims limits for each financial product FSCS protects. FSCS protects your money when financial firms fail. Ill be using WISE for my regular outgoings but need to use Ciaxabank for a bankers draft electronic transfer not an option.

Thanks all. Just an FYI, ive now done this, used WISE and saved a considerable amount as i could track the live exchange rate, did it on a favourable rate, and knew the fee in advance. On investigation it turned out that when the transfer has the word "Nómina" in the concept field, the bank recognises it as such regardless of the fact that it come from another private bank account in the same name.

So we now have three accounts which are free of charges due to having our "wages" paid into them, but only actually having two wages, the third one just being a transfer which we call "wages".

I aim to settle there on a permanent basis in around 5 years or so. So, i don't have a wage or salary to pay in. Seems like ill be paying quarterly fees for a bank account i wont really use.

Yes it's true that to prevent the charge you seed a monthly wage of over euros talk about discrimination!! but I wouldn't advise writing nomina on the transfer of funds as it might be construed as fraudulent unless you invent somekind of fictitous entity caled Nomina!!

Anyone who has ever had a Business account in the Uk could testify just how high the charges are we did and it was something well over £ A YEAR when you factor in the costs for paying in note and coins yep charges on that , all DDR's and cheques To be honest I would have happily paid for my private account in the Uk and did when we had a HSBC one as there are benefits attached And then do the reverse every month The income is monitored by a computer and, as long as you fulfil the condition, hey presto free account Have had resident accounts for three years nearly and not a cent paid in charges taxable of course When I move the money and my usual amount from my pension in the uk I was told to always put Pension in the transfer reason You have to know how to utilise the systems here and with a smile and a friendly approach most business's will tell you how to get the best deals Every year I take a bunch of flowers and a box of chocolates into the Santander branch as a thank you Last month, the anniversary of opening the account as a non res originally.

Im sure others will have been given this as well. So, ultimately, it is the bank´s decision to make an out of court settlement of this matter to avoid litigation.

To do so, you will have to get hold of a recent bank slip of your mortgage loan and, if possible, a copy of your mortgage deed. At CUM LAUDE LEGAL we will do that checking for you for FREE.

So, you will not have to pay any charges or fees to get peace of mind as to whether you have been unduly paying extra interest on your home mortgage in Spain. If we conclude that you are eligible to get the cashback, we could lead you all the way through the out of court process on the basis that we will only charge you fees if you get your cashback or similar economic compensation.

No cashback, no fees ¡!! If you should wish further information or would like us to check whether you are eligible, simply give us a call on.

or drop us an email at [email protected] and get the process going ¡! We are a Spanish law firm with extensive experience in advising foreign purchasers on the legal matters related to the acquisition and holding of their properties in Spain, such as conveyancing, tax compliance and mortgage finance.

Our solicitors are fluent in English, so language will not be a problem to deal with the cashback claim.