hi is there still work for good builders from The Netherlands?

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29 Jul 2008 12:00 AM by mark/jan Star rating. 17 forum posts Send private message


Its a bit late to ask now but my completion fees to the bank, developer,solicitor were more expensive than I expected. There is a payment for 1500 euros which looks like an indemnity policy. What is this for? is it because i had an 80% mortgage or is it a one off life insurance.  I can not get any reply from the bank on this.

Mark
markjanby@aol.com


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05 Aug 2008 11:36 AM by wailes Star rating in Coventry. 96 forum posts Send private message

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Hi, we have just completed at brisas Del Mar.  We had a 70% mortgage but they did not take any large amount like that.  Our contents and buildings insurance were only 100 euros for a year including public liability,  they have not mentioned life insurance. 
 Our bank Lloyds TSB Spain gave us an estimated bill for all the costs prior to completion, and it actually worked out less than then stated total cost icluding taxes and notary fees, land registry and opening commissions etc came to a total of 5,300 euros.  Hope that gives you an idea of costs

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Christine & Geoff


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13 Aug 2008 8:29 PM by mark/jan Star rating. 17 forum posts Send private message


Thanks, I have been told its an indemnity policy in case we default on the mortgage. This is a condition of an 80% advance. 


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