6 things you need to buy in spain

There are various bits of paperwork and other things you will need to purchase a property in Spain; here is a list with explanations:

NIE Number

This is a number given to every extrajanero or 'foreigner' who intends to buy anything of value in Spain, such as property, or a car for example.  This number is registered with the tax office so they can inform you how much tax you must pay when buying and selling these high value items.  You also need an NIE number to open a bank account in Spain.  Read more about NIE Numbers and how to get them here..

Bank Account

You will need to open a bank account in Spain in order to pay bills as most utility companies will only accept payment via direct debit from a Spanish bank account.

Bankers Draft

A bankers draft or bank guaranteed cheque is the only form of payment the notary will permit when the sale is being made.  This is another reason you will need a bank account.

Finances

This might sound obvious, but there is no point in making offers on properties when perhaps you are relying on the sale of another property to release funds for your purchase in Spain.    Wait until you have completed, this way you will have a clear idea of your own buying budget.  Similarly, if you require a mortgage either in Spain or your own country, it is a good idea to get an approval 'in principle' before planning your purchase.  The normal reservation period is 14 days and, while this can be extended to accommodate a mortgage application, some vendors will be reluctant to accept this and it could be a major stumbling block.
If you do require a mortgage in Spain, the best place to start is our preferred partner and specialist in their field, Mortgage Direct.

Currency Broker

This might not apply to all of you but if you are using funds from outside of the Eurozone you will find a better rate of exchange with a currency broker.  We use Currencies Direct who have an office just down the road in Moraira.  They are able to handle one of transfers or regular payments.

Abogado

We recommend you take legal advice from a knowledgeable local Abogado (Solicitior) to act for you during the sale purchase process.  He or she will be acting in your interests and will prepare the relevant paperwork in Spanish and your preferred language.  We can recommend several Abogados who speak English, German Dutch and French.