COSTA CALIDAPRIVATE VILLA 400m FROM THE BEACHLo Pagan 2 - 3 bedroom from £137,000These brand new 2 and 3 • 2 and 3 bedroom, • Pre-installed airbedroom, 2 bathroom detached 2 bathroom villa conditioningvillas feature a private pool,garden, terrace, secure parking • Private pool • Parking areaarea and pre-installed air-conditioning. A rooftop solarium • Garden and terrace • Rooftop solarium withis included with 3 bedroom • Only 400 metres from beach 3 bedroom villaproperties providing fantasticviews of the nearby beaches, Ref: 000101coastline and town.Additionally there is the optionto customise a wide range offeatures and finishes for theinterior of each property. 51
Mar Menor 3 - 4 bedroom from £210,000 • 3 and 4 bedroom, 2 bathroom villas • Bespoke fitting service • Private pool • Fitted kitchen • Air conditioning • Terraces • Parking space Ref: 000112 Lo Pagan Ref: 000129 3 bedroom from £295,000 • 3 bedroom, 2 bathroom villa • Contemporary open-plan living • Large private garden and pool • Sea views • Private rooftop52
Mar Menor COSTA CALIDA 3 bedroom Ref: 000114 from £180,000• Brand new luxury 3 bedroom villas• Large outdoor swimming pool and Jacuzzi• Spa with heated indoor pool• Fitness centre• Various bars and restaurants• Located on a scenic golf course La Manga del Mar Menor Ref: 000128 5 bedroom from £1,900,000 • Only 20 metres from the water • Large infinity pool • Spacious rooms surrounded with large windows • Spacious terrace • Exclusive location • Very high specification and finish 53
BUDGETING, FINANCING AND CURRENCY Currency exchange rates, language barriers and unfamiliar rules & regulations are just some of the things you will need to consider when purchasing a property overseas. Gaining a good grasp of all of these points will put you in a much stronger position to secure your dream home in Spain. Calculating these figures can help you set Key financial points to a budget which will help determine which consider before embarking properties you should be viewing and in on your property search are: which price band. • The total budget you have available for buying a property • What deposit you can afford and what your repayment plans will be • Potential re-mortgage of a UK property to release equity • Additional taxes and fees that come with buying a property • Maintenance and lifestyle costs • Foreign exchange rates54
THE FOLLOWING HINTS AND TIPS CAN HELP YOU SAVE MONEY IN CROSS-BORDERTRANSACTIONS WHEN PURCHASING PROPERTY:FINANCING A PROPERTY OVERSEAS Specialist agents can help you to save up to 5% compared to a high street bank andThere are a number of ways in which you they often won’t charge transfer fees inmay be able to pay for your new property order to give you a better exchange rate.abroad, either by re-mortgaging your This translates into a saving of up to £5,000current home, utilising your savings or on every £100,000 you transfer.taking out a loan. STAY ON TOP OF MARKET MOVESBuying a property is fairly straightforward.However, as this is probably one of the The currency market is always fluctuatinglargest and most significant purchases you and rates move all the time. If you have awill ever make, you should not proceed target exchange rate in mind, we canwithout legal advice. Sequre International recommend professional agents to helpare happy to recommend professional and advise you. We work with an expertfinancial and legal experts who can assist team to monitor the markets and notify youwith advice should you need it. when the rate becomes available. They will keep you informed of what’s happening inMAKE THE MOST OF EXCHANGE RATES the currency market, so that you know when the best time to make your transfer is.As a UK resident, you will have to navigatethe fluctuations of the currency markets CAREFUL FINANCIAL AND TAX PLANNINGwhen buying property abroad. Exchangerates could act in your favour one day but Take into account your entire worldwidethen sway heavily against you the next. estate when buying property overseas. IfTiming can be key to saving you hundreds you’re moving abroad, think about whether– perhaps thousands – of pounds, your other assets will continue to earnespecially on the value of a house. A you the maximum amount of income orforward contract allows you to secure your interest possible.currency at the rate you want and lock itdown for up to a year. This protects your Sometimes it is to your benefit to transfer afinances from any fluctuations in the market. large UK cash balance offshore as it could free up your UK tax allowances. A spotGET THE BEST DEAL contract lets you agree an exchange rate (online or by phone) based on the currentThere are a number of different ways to market rate. It is the quickest and easiesttransfer money overseas – and most way to send money abroad.people head straight to the bank. Weusually suggest seeking the guidance of a 55specialist in the international industry, tohelp give you the best possible guidancein your transactions.
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We work with some of theworld’s leading foreignexchange providersWhen you need to send moneyoverseas, or receive funds in othercurrencies, we can recommend agentsto help make sure that you get the bestpossible deal with no hidden chargesand no fuss.Whether you’re transferring a large one-off sum to buy a property overseas, orsetting up regular payments to receivea salary or pension, there is help onhand to guide you through the processand make your financial journey asstress free as possible.IF YOU NEED TO SPEAKTO A REPUTABLE AGENTWHO SPECIALISES IN THEEXCHANGE RATE ANDCURRENCY MARKET,CALL US TODAY ON0800 011 2639. 57
THE LEGAL PROCESSOnce you have found a property in Spain, we would always recommend seekingprofessional legal advice to ensure your property purchase is safe and the requiredchecks have been undertaken. Sequre International work with a number ofreputable firms who can provide independent legal advice when buying propertyand can help keep the purchase process as smooth as possible. Here are some of the key steps to the Solicitors and the relevant legal legal purchasing process in Spain: professionals will always provide you with best practice advice on how to do A. THE DEPOSIT this and how to keep your money as safe as possible. Typically, to remove a property from the open market, a deposit of between B. DUE DILIGENCE €3,000 to €6,000 must be paid. This amount varies depending on both the Once the deposit has been received, property and the location. Sequre International will provide the contact details of the relevant lawyer Sequre International work who will notify the correct parties of their with a number of professional representation. After this, the following legal agents and we can documentation will need to be provided: recommend the best English- speaking Spanish lawyers who a. Public Title Deed of Purchase; can assist you from beginning to end. b. Invoices corresponding to the Municipality Tax and Waste IF YOU WOULD LIKE FURTHER Collection Tax; INFORMATION, OR ARE SEEKING PROFESSIONAL LEGAL c. Electricity and Water Supply ADVICE FOR YOUR OVERSEAS invoices; PURCHASE, SPEAK TO SEQURE INTERNATIONAL TODAY ON d. Contact details of the Community of 0800 011 2639. Property Owners.58 Once this documentation has been received by the solicitors, they will proceed to carry out their main task, which is the due diligence by which they verify
all the aspects related to the property, C. PUBLIC DEED OF PURCHASEwhich are: After the signing of the private contract, a. Ownership which is usually a timescale of around 3-4 weeks depending on the conditions b. Possible debts the property may agreed with the vendors, the public deed have with the Town Hall, Community of purchase will be signed by you with a of Property Owners or the utility solicitor’s assistance. supply contracts E. TAXES AND COMMUNITY FEES c. Charges or encumbrances currently levying the property Solicitors can also assist by opening a bank account and arranging the water d. Urban situation and electricity supply contracts. e. Utility supply contracts They can also assist with organising direct debits from the opened bank account forC. PRIVATE CONTRACTS the payment of utility supplies, municipality tax, bins and waste collection and theOnce due diligence is completed and Community of Property Owners fees.everything is in order, the preparation ofthe private contract for the payment will F. OTHER ARRANGEMENTSbegin. Finally, your appointed lawyers will alsoThe private contract is a very important arrange to obtain your NIE number (whichstep in every purchase as it will set the is necessary to purchase a property inconditions of the purchase. This is the Spain) and provide you with any furthermain reason why we work with only the legal advice you need right up until thebest legal firms who can carry out all the property completion.necessary negotiations with the vendorsin order to defend your interests. 59
VIEWING TRIPS It is often the case that buying a home in the UK involves viewing several different properties within a certain price range in order to gain a better idea of what’s available on the market. What sets us apart from other agents Our team can organise everything from start is the ability to offer bespoke one- to finish so you don’t need to worry about to-one viewing trips to your desired booking travel, accommodation or property location. viewings. You won’t form part of a large We even offer viewing trips at a subsidised group, you’ll be shown a number rate, so it’s a much more cost efficient of properties that have been hand- process than if you were to book a trip picked with your budget and wish-list independently. in mind. Viewing property in person is a valuable way to ensure your decision is the right one for you.60
• Return flights • A comprehensive viewing schedule• Accommodation in a 4 star hotel • Free financial advice from an• Free legal advice from an independent mortgage broker independent property lawyer • Rental and property management• Individual airport transfers 61
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Contacts Us TELEPHONE: 0800 011 2639 EMAIL: [email protected] WEBSITE: www.sequreinternational.com Find Us MANCHESTER Stafford Court, 145 Washway Road, Sale, Manchester, M33 7PE COSTA del SOL Local 6, Edf Wendolin, Avenida Arias Maldonado, Marbella, 29602, Malaga COSTA BLANCA Urb. Lomas de Campoamor Fase II, Avenida Tiro del Pichón local nº 8, Orihuela Costa64
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