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There are numerous aspects of the house-buying process which require a lawyer's expertise, from ensuring that the property is legitimate and free from debts or charges, to negotiating with the other side over trickier elements of the transaction, registering the title deeds and paying all relevant transfer taxes on your behalf. You may also want to include a lawyer in the early stages of negotiating the price with the vendor, to make sure that the offer satisfies all legal requirements. Your lawyer will also arrange for the transfer of utilities (water, electricity etc) into your name. Finding an English Speaking LawyerSpanish lawyers are well practised in helping English buyers to purchase property, and will speak English. Your Lighthouse agent can arrange that you work with their recommended lawyer where you will be able to reap the benefits of the long-standing relationship they normally have. Lawyer's Fees Always obtain an estimate of costs in advance. For property conveyancing, fees will be calculated as a percentage of the sum involved. Protecting Your Investment If you invest in Spanish property, it is advisable to draw up a Spanish will separate from your UK will, to cover your Spanish assets only. The Spanish laws on inheritance are strict and complicated, so you will need expert advice on the taxes involved and the other financial implications of your purchase in the future. Once again, this is a matter for a good lawyer to advise you on. They can then draw up the document and register it in Madrid. Fees should not be more than around 200 euros to draw up a will for a straightforward estate. |
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