Basic questions

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This topic contains 11 replies, has 6 voices, and was last updated by Profile photo of marios marios 10 years, 8 months ago.

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  • #51657
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi, I’ve just joined up. We’re looing to buy an apartment in Nerja and having ploughed my way through a number of books and web sites am still left pondering two very basic questions – namely who to go to for a spanish mortgage and where to find a good lawyer. I’d be deleighted to receive and ideas or recommendations. Thanks. Tony.

  • #61377
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Tony,

    Welcome to the forum.

    One option for getting a mortgage is to go into several banks and savings banks (cajas) local to the area you are buying in and see what they have to offer. Always negotiate, and always get whatever they do offer in writing, so they can’t hit you with surprise charges in the Notary’s office.

    Alternatively, if you want a good broker to study your case, advise you how much you can borrow, under what terms, and help you get the best deal on the market then fill in this mortgage enquiry form and I’ll pass it onto a good broker who charges very reasonably (0.5% success fee – can anyone beat that?) and nothing upfront.

    I don’t know of any lawyers in Nerja (I’m on the lookout for a good one), but one of the Marbella-based lawyers on this list might be able to help you. All the lawyers on the list are great professionals who look after their clients’ interests (and nobody else’s).

    Regards

    Mark

  • #61380
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Mark

    When you say “always negotiate” what do you mean. Can you negotiate on the rate?

  • #61382
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Anita,

    Yes, you can try and negotiate the rate (Euribor + X).

    You can also negotiate:
    Loan to value
    Term
    Opening commission
    Early cancellation fee
    Other conditions, such as mortgage insurance.

    If you don’t ask, you don’t get.

    Be sure to talk to several banks, and let them all know that you are talking to others and will give your business to the best offer. If they think you are a captive client, they won’t make any effort to win your business. It’s the same with any product, in any business. You always have to shop around. Of course this can be a bit more difficult if you don’t speak Spanish and don’t yet live here. In which case, I recommend you use a good broker. A good broker can also use his volume of business to help you get better rates than you could negotiate on your own.

    Mark

  • #61383
    Profile photo of marios
    marios
    Participant

    Mark

    Marbella Lawyers did all my legal work and found me a mortgage with Halifax Espana,I can recommend them.I dealt with Diego Echavarria,also they are not dear,charged 1% legal fees which is the norm.

  • #61385
    Profile photo of Anonymous
    Anonymous
    Participant

    There are several people that I know of who have been VERY badly let down by this law firm.

  • #61386
    Profile photo of marios
    marios
    Participant

    There are several people that I know of who have been VERY badly let down by this law firm

    Claire-Can you expand on that,in what way.

  • #61387
    Profile photo of Anonymous
    Anonymous
    Participant

    Marios,

    I know which law firm Claire is talking about, but I’m not sure which one you mean. Marbella Lawyers is such a generic name it’s difficult to be sure which company is being referred to. I’ve sent you a PM on the subject, please respond so that I know which companies you are both talking about. I’m suspect you are talking about different companies.

    Mark

  • #61388
    Profile photo of Anonymous
    Anonymous
    Participant

    I suspect that Marios has dealt with Lawbird aka Marbella-Lawyers.

    I dealt with them too – brilliant service and very reasonable charges. They should NOT be confused with the Marbella lawyers who brought so much misery to so many clients recently.

  • #61389
    Profile photo of Anonymous
    Anonymous
    Participant

    I know for a fact that Claire is not talking about Lawbird / marbella-lawyers.com who seem to get rave reviews from everyone. Claire is talking about another firm of solicitors based in Marbella.

    Mark

  • #61390
    Profile photo of Anonymous
    Anonymous
    Participant

    I retract my earlier post. I mistakenly thought it was another company with the same surname. My apologies. It was an honest mistake! I hope I am forgiven 😳 😳

  • #61395
    Profile photo of marios
    marios
    Participant

    Yes I am talking about Lawbird/Marbella-Lawyers.com

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