not yet completed and worried or havent a mortgage ?

Condado Excursions
Post reply   Start new thread
New - Old :: Old - New

Pages: 1 |

Condado de Alhama forum threads
The Comments
30 Dec 2009 12:00 AM by georgeh Star rating in condado de alhama sp.... 1462 forum posts Send private message

Firstly if you are due to complete and worried then the answer is simple.Take out a mortgage for the balance and let the banks do the worrying.also make sure your kids are on the mortgage deed.if you cant get a mortgage due to age then put the house in the kids name-the reason-has anyone ever discussed spanish inheritance tax with you?if they havent -seek advice -NOW!you will be shocked.

im not an expert in the inheritance tax field so please ask dringman or someone else.however if you want spanish or uk mortgage advice feel free to contact me.what i do know is that you dont pay inheritance tax on the value of the property with the mortgage on-only the equity.so another reason for a mortgage-and with rates as low as 2.5% and set to stay low for the next few years imho then you can even borrow the money and invest it for a profit! not bad eh.so its win win -except the set up fee which is high unless you have a property over 240k in which case its possible to do a fee free remortgage.

please pm me if you want any further info.

 

 

 


 



This message was last edited by georgeh on 30/12/2009.

_______________________

 

 

 

 

 



Like 0

Spam post or Abuse? Please let us know

Pages: 1 |
Post reply   Start new thread


Previous Threads

Polaris in Bankruptcy Protection! - 118 posts
something new is coming to CDA - 5 posts
Keys - 9 posts
New Year Sales in Spain - 2 posts
Supermarket Opening - 7 posts
Weather? - 0 posts
ECONORENT CAR HIRE ****FUEL RIP OFF BEWARE******* - 4 posts
new years eve at the clover - 2 posts
Whats open Boxing Day and Sunday supermarket wise? - 0 posts
Merry Christmas & all that Jazz - 0 posts
course open - 13 posts
Non Resident Tax - 11 posts
buying and insuring a car in spain - 6 posts
clubhouse - 1 posts
electrical goods - 7 posts
snow! - 7 posts
Dishwasher for sale - 1 posts
Golf course update - 3 posts
Alicante Airport collection 31st Dec? - 1 posts
Golf Course Update - 6 posts
Weather - 5 posts
Happy Xmas to all the Bankers - 3 posts
Flyglobespan Collapse - 0 posts
Goodbye to Cassie (white dog) jardin 2 - 4 posts
Restaurant Contact Number - 0 posts

1 posts were found:


1 |
Our Weekly Email Digest
Name:
Email:


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x