General
Spanish Property Brokers acts as an introducing agent on behalf of sellers of the property available from our web site. All sales information is provided by the sellers and published by us in good faith but we cannot take any responsibility for any errors or omissions in those sales particulars.

Prospective purchasers should always carry out their own checks as to the accuracy of sales information prior to making a reservation.

Seller
The sellers of property on this web site are either Spanish Banks or Property Developers located in Spain.

Properties
All properties are offered for sale at the lowest prices acceptable to the seller. Many properties have been acquired by Spanish Banks, usually by means of repossession, where the original owners or developer had defaulted on their mortgage payments.

The properties will include the transference of any residue of a Builders Warranty. The banks have also confirmed that all properties offered by them, via Spanish Property Brokers, will have a valid, approved legal title. Our other property will be direct from Spanish property developers.

Mortgage
All properties can be purchased for cash, but where a mortgage is needed then the buyer, as a condition of sale, has to have a written 'Agreement in Principle' issued by a recognised lender before any formal reservation can be accepted.

Mortgage lenders amend their criteria for mortgage from time to time. Spanish Property Brokers cannot be held responsible should these changes affect adversely a clients ability to obtain adequate mortgage finance.

Reservation Date
The reservation date is the date that a fully completed reservation form together with the reservation deposit is received at the offices of Spanish Property Brokers. An "Agreement in Principle" will also be needed if a mortgage is being used to finance the purchase.

Purchase Period
The period normally runs for 30 consecutive days from the reservation date. During this period the seller will remove the property from general sale and grants the purchaser exclusive sole rights to proceed with the purchase on the property.

Reservation Deposit
The normal required deposit is 10% of the purchase price. An initial deposit is required on the date of formal reservation with the balance of the normal 10% deposit becoming payable within 10 days of reservation date.

Completion
Completion of the purchase will normally take place within 30 days of the initial reservation date or at the buildings completion date if still under construction.

Inspection Trips
Clients must pay the costs for traveling to/from Spain and any overnight accommodation. We recommend a visit of 3 days is usually appropriate.

Spanish Property Brokers will arrange for the sellers representatives to meet clients at their hotel and to escort them to view their chosen properties.

Notary Fees
The buyer is free to select their own legal representative to deal with the transaction and is responsible in paying their fees.

Property Taxes
The buyer is responsible for the payment of Spanish Property taxes which are between 10% - 12% of the purchase price.

NIE / Overseas Bank Account
Clients will need to be in possession of a Spanish NIE (National Insurance) number prior to making any formal reservation. In addition a Spanish bank account is needed to pay local utility bills etc.

If the buyer is obtaining a Spanish mortgage then it is often a condition of the mortgage loan that a current account is opened with them.

Our Spanish representative can assist you to fulfil this requirement.

Cancellation
The purchaser can withdraw from the sale at any time during the reservation process prior to completion. However any reservation deposits paid to the sellers are usually non-refundable.

In certain circumstances the seller may agree that any reservation fees paid could be transferred to another property owned by them.