Av Del Mar
Local 2
29670
San Pedro de Alcántara
Málaga
España

Smart Finance Spain - Mortgages Spain - Investment Properties Spain - Loan Options Spain - Purchase Costs Spain - Mortgage Calculator Spain - Online Mortgage Application Spain - Money Lenders Spain - 100% Finance Available Spain - Spanish Mortgages - Competitive Mortgages Spain - Investment Advice Spain - Property Spain

Purchase Costs

Buyers should allow up to approximately 14% for all costs when obtaining finance for the purchase:

(your only upfront cost after deposit is normally the valuation fee which is usually approx 0.1% of the property valuation.)

Costs breakdown:

IIVA -7% of registered purchase price
Lawyer -1% of purchase price plus IVA
Broker fee -1% of loan amount
Bank opening commission usually -1%-1.5% of loan amount depending on lender
Mortgage tax (this is 1% of the loan amount and the interest over the full term ), which is typically around 1.7% of loan amount
Notary and Gestoria fees for purchase deeds and mortgage deeds registration- typically 2000 euros
Building insurance typically 400 euros