¿Quien es claire T?

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Soy... una mujer

Sobre mi... Had enough of the rat race - moved to Spain in April 08 for a simpler and sunnier life!

Vivo en... Torremendo, Orihuela

Me gusta... Learning Spanish, painting and exploring my adopted country.

Trabajo de... Self-employed Estate Agent

Mi firma en el foro es...




For great value properties in southern Costa Blanca




claire T's latest forum comments

25 Sep 2014 15:17:

Hi - I am an agent and we always advise people about the problems in obtaining a Spanish mortgage.  If we didn´t then the sale would fall through and no-one benefits!

At the moment it is unlikely that a non-resident buyer will get more than 60% of the asking price or the bank valuation if lower.  We had a client recently who only needed 20,000€ mortgage and the fees were going to be 5,000€, so he proceeded with finance from the UK.

As has been said before, the banks may offer more on their own repossessions, but always check the local prices as repossessions are not always the cheapest!

Thread: Would i get a spanish mortgage

07 May 2014 09:04:

Hi Batbrit - here in Spain nothing is ever simple.  The banks are an absolute nightmare to deal with and that is why many choose to go through an agent, as they will have more information about the way the particular bank behaves.  You can go direct if you want to, but you will have to find every individual bank website and then try to deal with them, usually in Spanish.

I have sold several bank properties and some of the banks do tell their authorised agents what their minimum offer is, and that is not published on their websites.  So an agent could be saving you time and hassle by letting you know that a particular offer is not acceptable.  Often a bank will take a month or so to let you know their decision, by which time you may have missed out on something else.

As for prices, you can take that with a pinch of salt.  I have dealt with a particular development for the past three or four years, where the banks have several properties.  At one point they were willing to accept 40k but now their "special offer" is over 76k.  They will negotiate a little on this, but their minimum is still way over the 40k.  In my opinion they are wonderful houses which were originally 150k, but you would need to judge what is a good price for you in the current market.

My advice, for what it is worth, is to look at the price not in terms of a "special offer" but in terms of what you think it is worth.  Do some digging, check out the area and what else is there and at what price.  Come out and look and talk to the neighbours.  Talk to agents and maybe you will find one you feel you can trust.  Look at resales too, as they are often cheaper than the bank repos!

There are still a few real bargains left, but you do need to know what you are doing and you absolutely need a lawyer to check all the paperwork, as the banks really don´t check and don´t care either.

Happy hunting!

Thread: The truth or lies?

31 Mar 2014 20:52:

No problem Mr Kevin, no offence taken. I know some agents who are dreadful and they give us all a bad name.

Hope your friends get their problems sorted out.

Thread: Do you need planning permission to erect a Log Cabin in Elche

31 Mar 2014 17:16:

Thanks John - very useful.  It seems that the issue is chemotherapy, and I hope that, like yourself, the surgery will be enough.  The way I read some of these articles, there is no need to stop driving while you are having chemo, but it is when you need to renew the licence that you need to declare any previous treatment.  Most confusing!

Thanks again!

Thread: 20 New Rules to Remember for Spanish Road Users

31 Mar 2014 16:27:

Hi - I was very keen on building a log cabin for a while and looked into it carefully.  In my area, which is not too far from Elche, a log cabin is dealt with in the same way as a permanent house and you need planning permission.  You will also need to check that you are buying enough land to build on as, if it is rural land, you may need as much as 25,000m2 to build anything at all, and then you need to restrict the size of the building, including pool etc, to 2% of the land area.

Each town hall makes it´s own rules and it will also vary from plot to plot.  Take the exact details of your plot and a description of what you want to do with the land and go see the town hall.  Ask if there is anything you need to do, not just planning permission.  I had friends who asked if they needed planning permission to glaze in their terrace and the town hall said no.  So they did it and were then fined because they did not ask if they needed a licence, which they did need!

And Mr Kevin, there are also many decent estate agents who would not want their clients to have any problems with planning. Quite apart from the moral issue, we want our clients to recommend us in the future!

Thread: Do you need planning permission to erect a Log Cabin in Elche


claire T' blogs

Steep learning curve!
"From a well-paid job in Glasgow to being a self-employed estate agent in Spain has meant a really steep learning curve for me. These are my experiences to date. "
Last Updated: 30/09/2009 15:17:33
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2 bed 2 bath Townhouse for long term rental
Lovely quad villa in the popular Playa Golf II area, just minutes drive from the beaches of the southern Costa Blanca. The house is offered fully furnished and equipped and is located in a quiet st...

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