costadelsol
specialist
Welcome to Costa Del Sol Specialist, a collaboration of independent real estate advisors on the Costa del Sol.
Properties
Hus 1
hus 1
Hus 2
Hus 2
Hus 3
hus 3
Mark Lette
Operational Director
Do you want to sell your property?
Start with our free valuation. We will send it to you without any obligation. Any questions now? Just send us a Whatsapp.
Mortgage in Spain and Free Mortgage Check
Passing deeds and 10 days legally required ‘cooling-off period’
Due to the new mortgage law, you will have to appear twice at the notary. Once to confirm the mortgage conditions again in the presence of the notary (Acta de Transparencia) and after a mandatory period of 10 days ‘cooling-off period’ a second time to sign the actual mortgage and purchase deed.
Interest rates
You can choose between a variable or fixed mortgage interest rate. The variable interest rate is calculated on the basis of the Euribor + a surcharge interest rate and is re-established annually. The fixed interest rate remains the same for the duration of the loan.
Buyer’s Costs
When purchasing existing construction, you usually pay 7% transfer tax (2023). This may differ per autonomous state, so ask your local real estate agent or lawyer what rate applies in your region. For new construction, 10% VAT is charged. In addition, there are additional costs such as passing the deed, registration in the land registry, the administrative settlement by the gestor and stamp duty. This is on average € 2,000.
Do the mortagecheck
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