It is fair to mention that Mallorca is a bit more expensive than mainland Spain. The Prices will begin at around 110,000(Euros) (£76,000) for a single bedroom apartment that may rise depending on the property size. The larger and luxurious it is, the higher it will be in terms of cost. While purchasing a property located in Mallorca, you have to include a 10% value to the buying price as a rough estimate for the purchasing costs, such as, survey fees, taxes, etc.
Very easy. The guides will introduce you and will therefore guide you through the process in a friendly, warmly and efficient way. These all reside in Mallorca. They are all professional and are all fluent in English. They as well possess vast experience when dealing with people who live in the United Kingdom. They will help you go through the entire process of a property sale in Mallorca.
You can use these people who will introduce you to the island and will save you wasted time and possible anguish. This will end up taking away the worries of trusting people. They are all experienced and we would otherwise not be recommending them as this could risk our reputation as well as our entire business if they were at all shady. The Mallorca Properties Majorca gives a guide and also deals with the issues that you may not understand from the onset to the end of a sale.
Once you locate a property in Mallorca then you can purchase it using the agreed cost via the agent. This is handled by a lawyer who introduces you to the means for spending a 10% of the buying price to the client account that is held by the agent. Purchase Contract: once signed and a deposit has been sent by you, you can expect to finish the deal by the stated date. It is crucial to negotiate it properly with the help of the lawyer. If you don’t finish the deal in the given period you can lose 10% of the deposit.
Yes. Concerning the mortgage, you have to show proof of your income by way of pay slips or the P60. If self employed then get a copy of your latest accounts. The bank lends close to 70% of the buying price for the first Mallorcan property and additionally a 60% of the buying price if you purchase more than a single property. Account opening is very fast and easy. Show your own passport and two other forms of your ID. Requesting credit and debit cards is done almost instantly. Initially a bank will give you an introduction of expectations. It will be ensured that the banks are aware of your visit.