17 Jan 2017 6:18 PM:

OK, so it turns out I am literally buying my ex-wifes 50% of the property which is therefore subject to 10% purchase tax (even though we paid this on initial purchase of the villa).  The 4% is for deeds management, land registry and notary costs.

Money for old rope.

 

Thread: Remortgaging a property in Spain - advice please

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15 Jan 2017 11:05 AM:

Thanks for taking the time to reply folks. 

OK, I understand the high fees now (don't agree with them but then what is Spain without excessive bureaucracy?!)

Regards

Thread: Remortgaging a property in Spain - advice please

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14 Jan 2017 4:36 AM:

Hi folks

I currently own a villa in the Alicante region with my ex-wife.  I am looking to remortgage to release equity for the divorce settlement.  I have a small mortgage on the villa at this moment in time which can be paid off if necessary.

My bank (LaCaixa) is looking for a fee of 14% to undertake the remortgaging and facilitate the equity release which I find quite astonishing!!

Can anyone give me recommendations on banks and/or mortgage advisors to speak to with a view to remortgaging through them at a more sensible cost?!!

Regards

Mike

Thread: Remortgaging a property in Spain - advice please

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