Marbella Lawyers

Marbella Lawyers will convey independent legal advice and perform the relevant checks when purchasing a property in Spain. Buying a property in Marbella is not a straight forward task for the newcomer, given the special complexities of the national, regional and municipal regulations. For a reasonable fee between 1% and 2% of the price plus VAT (currently at 16%) Marbella Lawyers will ensure all legalities are complied with and that there are no adverse occurrences with the property.

Lawyers in Marbella

Lawyers in Marbella have three main tasks the first is to prepare a sales contract for the purchase, at this time the purchaser will have to pay 10% of the agreed sales price and agree a completion date to be signed at the notary. The second task is to check the legal status of the property making sure all taxes have been paid and there are no current debts associated with the property. The third task is a check on the land registry to ascertain whether the property has been correctly registered with the local and national land registry. At this time its advisable to prepare a Spanish will. This is an option but not absolutely necessary in Spain although is highly recommendable.

Marbella Solicitors

Marbella solicitors are there guide you through the purchasing process, with over fifty solicitors in Marbella the choice can become confusing. When choosing your legal representation it is advisable to look closely at what services are provided and the general costs. Through our experience we can guide your choice to representation that can be relied upon to get the work done quickly and efficiently. Marbella Realty can advise you with your choice which is important when contracts are to be signed and a sale is to be completed on time, normally a sales contract will be signed within 15 days of the initial reservation stage and to secure the property with a 10% deposit.

Solicitors in Marbella

Once the sales contract has been signed and a completion date has been arranged there is normally 3 or 4 weeks to completion, Solicitor in Marbella will re-check the legal status of the property to ensure no debts have acquired within this period between the signing of the contact and the completion stage, this again is very important and not all solicitors do this double check. If any debts have occurred they are normally minimal and can be resolved on the day of completion. The solicitor and estate agent will also provide you with a list of expenses that you will occur during the purchase.

The purchase of the property will involve the following expenses

The Fees: Lawyer - Dependant on level of service required, between 1% and 2% of the price plus VAT (currently at 16%). Mortgage Bank charges, Notary Fees, charge according to a fixed scale. range from approx € 300 for € 100,000 property to € 500 for € 500,000. Land Registry, Approximately is 40% of what the notary charges. The Taxes, purchasing a re-sale property you are obliged to pay Transfer Tax (ITP) at 7%. Purchasing a new property or a property in the course of construction from a promoter, developer or habitual trader, then you should pay VAT (IVA) at 7% plus Stamp Duty at 1%. The VAT (IVA) rate increases to 16% if you are purchasing plots of land, commercial premises or garage spaces. Plusvalia is a tax levied by the local Town Hall based on the particular area where the property is located, on the surface area of the land, on the catastral value and on the date of the previous title deed. This tax may range from a few hundred euros to as much as several thousand euros on larger properties with a lot of land. By law the vendor is obliged to pay this tax but it is common practice for the parties to negotiate on who is to assume this liability.