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29 Jun 2007 12:00 AM by nickid Star rating in west midlands brough.... 74 forum posts Send private message

hi we have just put a deposit down on phase two.We understand this will be gated and phase two have private pools for that phase. We were told phase one pools will cost approx 25 euros a year.

Please could people give us information on what we do now, ie when we get our contracts, do we get a lawyer to see them, we have brought through Masa and they said they will send an English and a Spainish contract, also any advice from those who have nearly completed on the cheapest and most effective way or buying a property in spain




This message was last edited by nickid on 6/29/2007.

This message was last edited by nickid on 6/29/2007.


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29 Jun 2007 1:36 PM by ali97694 Star rating in Epping,Essex/San Cay.... 67 forum posts Send private message

Hi nickid,

Congratulations on your purchase.

Us on phase 1 are still a bit confused about our pool, if you read other threads you will see there are different stories but sure it will all be good eventually.

We also bought through Masa and used their recommended solicitors. We used Bancaja for the mortgage and Masa virtually did everything for us, all we had to do was fax them anything needed and they passed it on to the bank/solicitor.

They took us to get NIE numbers and to bank and Notory to sign contracts.

Hope all goes well and good luck, (phase 2 looks beautiful)

Pat and Jim




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29 Jun 2007 4:23 PM by BigAl Star rating. 86 forum posts Send private message

BigAl´s avatar

Hi Nickid,

We have also purchased on Phase 2 and have used Fusters solicitors and they seem OK at the moment. You will need ta solicitor initially to verify the contract with Taray If you PM me I can give you contact details so you can compare quotes. But after looking around myself they were all pretty similar. Once you have chosen a solicitor inform your agent of their details and they should sort everything for you.

On the top of the purchase price you need to add the following expenses (% of the purchase price) which is why the genrally quote about 10% of the purchase price for total costs:-

7% Vat tax
1% Stamp duty tax
0,75% Solicitors fees (+ VAT)
1500 Euros ( estimate) Notary and land registry fees
We looked at phase 1 for a while but there was not a great deal of choice, as the best locations had already been sold. So we hung out until phase 2 was released. Like you we were informed that the phase 1 pool would be open to non-owners(locals) as well and that there would be a small fee for everyone to use it (I guess for the owners it would be a reduced fee, with the option of paying for it annually. Because the pool is not owned by the complex it means the community fees for owners would be less expensive.
We were informed that phase two (Mananza 8) and is to be built in two phases. The ist phase id the pool and the properties to the left as seen on the plan. Then to the right of the pool will be completed in the second phase (of phase 2 - confusing isn't it?!!? Where about is your property?
Regards,
Al



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