I have looked at the summary of our contract sent by our solicitor ( who was provided by the selling agent - foolish of us I know ), and it states that payment of the local Plus Valia tax is our responsibility.
Has anybody else actually been asked to pay this? What is the amount likely to be? I feel that "our" lawyer has acted in the Developers' interest on this one. Also could anybody who has already completed be able to tell me what the Notary and Land Registry fees are likely to cost on a purchase price of 211,500?
Every website I look at seems to give slightly different figures. A Mortgage Broker has told me that set-up costs for a mortgage are approx 4%. Is this in addition to the costs of 12% approx that are normally mentioned? If we arranged an equity release on our home here to fund the purchase in Spain would there be a major saving?
Apologies for the rambling nature of the questions, but all help is appreciated.
This all seemed so simple in November 2005 when we reserved the apartment !! It now seems like a potential minefield.
Regards to all,
MCK