Q: Can I buy my new home cheaper with someone else?

A: No, in fact you could pay more. The developer sets the prices and no advantage would be gained going direct to the builder – all his marketing costs are built into the price. Indeed, although an individual would not gain, our partner companies long standing relationship together with the volume of sales can sometimes benefit with special terms or extras being offered.

 

Q: What are the buying costs involved?

A: Purchase costs normally include VAT/IVA tax, Notary fees, Solicitors fees, Mortgage fees and land registry fees – these differ from country to country - our lawyer will give you a breakdown of these costs.

 

Q: Do I have to be in the country to complete on my property?

A: I f you are unable to attend the completion in person, you can give your lawyer Power of attorney to complete on your behalf – it is much easier to put this in place whilst you are there, rather than returning to the UK and doing it.

 

Q: Can I transfer my money in and out of the country?

A: The most economical way to transfer money overseas is by using a Currency Company, who can often save you quite a bit of money – we recommend Moneycorp.

 

Q: What about property related taxes?

A: Your lawyer will be able to give you a breakdown of all taxes payable

 

Q: Whose name should I buy the property in?

A: To ascertain the best way for you specifically, your lawyer can advise you.

 

Q: What about a will?

A: We advise you speak to your lawyer about drawing up a will – laws regarding Inheritance are different overseas and you should have legal advice on this.

 

Q: Can I use my own UK Solicitor?

A: You can if you want to – we would recommend you use a local overseas lawyer, who knows both the area and the law in that country. Using your own solicitor in the UK would entail extra costs, as he would need to appoint a lawyer overseas to act for him.

 

Q: What about water and electric connections and payment of these bills?

A: Your lawyer will arrange connection of your utilities. You will need to arrange direct debits with the utility companies to be taken from your overseas bank account.