Getting Finance

Buying a property anywhere and at any time in your life is a huge decision and there are a lot of things to consider.

Once you have made the decision to purchase a new home the first thing you need to consider is your finances. Before you begin your property search you will need to know your working budget. There are many costs associated with buying a property in Spain and a lot of issues can be avoided before going ahead with a purchase – before in fact even looking at a property – if you take advantage of the available help and information in order to have your finances organised at the outset.

Aside from the price of the property itself you will need to factor in the purchase costs alongside any associated transfer fees, currency exchange, mortgage or loan costs. There is nothing more disappointing than going through the whole process, finding a place you love only to discover that you can’t go ahead because your finances are not in place. It causes delays, disruption and disappointment.

Speaking to a good financial advisor will help you to have a clear understanding of exactly where you stand so it is vitally important that you do this really early in the process.

You can also be greatly affected positively or negatively by currency fluctuations. In the amount of time that it takes to go from reserving the property through to completion this one factor can make a huge difference to the overall cost of your purchase so this is something that needs to be taken into consideration early as well.

Many people are not aware that you can lock in an exchange rate months in advance in order to give you peace of mind. In order to find out more about how you can benefit from this we recommend getting in contact with a currency exchange specialist such as our recommended partners <>as early as possible in your process.

In addition to setting the price of your property in your own currency they can also offer you much better exchange rates than a typical bank – saving you up to £4,000 for every £100,000.

For more information on this and other important matters to take into consideration when you are buying a property in Spain please download our

If you have any questions < click here > to send us an email letting us know what your query is and we will be happy to do whatever we can to help.