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.