Legal Fees

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This topic contains 3 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 1 month ago.

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  • #54433
    Profile photo of Anonymous
    Anonymous
    Participant

    What is the standard rate of legal fees for a purchase of a new apartment in Spain.

  • #87225
    Profile photo of Anonymous
    Anonymous
    Participant

    1% of the purchaee price. Things might be different these days.

  • #87227
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @conn wrote:

    What is the standard rate of legal fees for a purchase of a new apartment in Spain.

    lawyers traditionally asked for 1%. some charge less. If you use a lawyer make sure the 1% covers everything. Seen sum try to get cute and add on charges for all sorts

    a gestor would charge less but ar enot lawyers

  • #87234
    Profile photo of Anonymous
    Anonymous
    Participant

    It’s most important you appoint an independent solicitor and that you do not, under any circumstances, use the solicitor recommended by either the developer or estate agent.

    Just like in the UK get quotes and see what’s included and not included ie powers of attorney, applying for NIE numbers, attendance at notary etc, setting up utilities, rates/IBI, also will the solicitor charge you extra if there is a mortgage deed etc

    Email the solicitors on this site for a quote – some are even dual qualified (ie English & Spanish). But ignore the usual 1% plus VAT, although if apartment is low price there will be minimal fees etc. High value apartments can be done on an hourly rate with capped fees etc. Everything is negotiable.

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