When purchasing a property in Spain for the first time, it is highly likely that you are going to want some more information when deciding to make the investment. Luckily, we can help here at Manzanares Lawyers, as we are expert property lawyers that have been helping foreign nationals for over 20 years to comfortably move into their new property or to take their first step on the property renovation ladder. In what should be an exciting time for all, we take a deep dive into all you need to know about Spanish property conveyancing.
What is conveyancing?
If you are unsure as to what conveyancing actually is, then you have come to the right place! You will be glad to know that conveyancing means the same thing no matter where you are in the world. In the field of law, conveyancing simply means transferring the legal title of a property from one person to another. This can also mean the granting of a mortgage or a loan in order to cover the costs that are associated with owning a property.
Property lawyers come in when buying or selling a property to ensure that this is done by the letter of the law, and to make sense of all of the variables that are associated with buying or selling a property.
How does conveyancing work in Spain?
With Spanish conveyancing, there are some steps that have to be taken before the keys are handed over and the property is in your name, it is never that simple, right? First there should be a full analysis of the property, including all paperwork associated with it, and the current condition it is in. This allows there to be no stone unturned, and full transparency throughout the process.
After the relevant background checks and in certain occasions, discussions will be made with the relevant inspectors and architectures around the area. A due diligence report should be drawn up, and, all with the help of an experienced and expert property lawyer, you can be assisted in obtaining a mortgage loan if needed, which will help facilitate the finances involved of purchasing the property.
What differences are there between Spanish conveyancing and the UK?
You may look at how conveyancing works in Spain and come to the conclusion that the process is very similar, it is not identical as to how conveyancing happens in the UK. However, one big difference is that it is highly likely that you will be unable to attend all of the processes in person and may need to communicate with your lawyer internationally. This is something we are more than happy to do here at Manzanares Lawyers. We will always give you as much information as you need, as we understand that it sometimes cannot be possible that you’re present for all steps of the conveyancing process.
Are you interested in purchasing or selling a Spanish property and would like some sensible, professional advice? Be sure to get in touch with the friendly team at Manzanares Lawyers today. Simply give one of our offices a call in Marbella or Alhaurin to speak to us straight away on the following numbers – +34 952 82 41 12 (Marbella) and +34 952 59 50 42 (Alhaurin). Or, to eliminate call costs, fill out our online enquiry form for a quick response from one of our expert lawyers.