Hi, from Andy and Donna...

we are trying to establish if bank guarantees should be provided free of charge under spanish law!

we have paid peinsa £700+ for ours!

would be interested to hear about others charges for bank guarantees!!!

looking forward to march???

HI,

It is down to the builder to provide the bank guarantees and should be free. We have not paid Penisa for ours nor have we paid for our renewal as our first expired in July.  Your solicitor should have sorted this out. Hope this helps, sue

We paid over £1000 pounds for our bank guarantee, through the eyeonspain website we found out that it was the builders responsibility and when we told our solicitor, she said she would speak to the builder, we are now getting the money deducted when we pay the balance on completion - that remains to be seen - maybe we should make sure we get it before completion - what do you think Paul?

Hi

It is nice to see that somebody has got their money back!

As per my PM's,  have stated many  times to many correspondents that paid for bank guarantees are a con as they are free in Spanish law, so if your legal representative has charged you, get your money back.

As for conveyancing-solicitors fees, nobody should be paying more than 600 euros  plus costs, if you are you are being ripped off, the Spanish pay around 350 plus costs per house purchase, they pay nothing for a sale as there is no liability if you are selling and always ask for invoices from the Notary, tax Office Etc. You have been warned!!!!

Here is a copy of an email I received in April regarding Bank Guarantee's. I hasten to say I am still waiting a reply. I have emailed him again and will keep you informed of any updates I receive.

Mike.