Joint property ownership

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21 Nov 2009 12:00 AM by stephieb Star rating. 20 posts Send private message

Does anyone know how easy it is to change the ownership of a spanish property to just one of the partners?  I am purchasing a property in joint names with my partner, however, the only reason for doing this jointly is due to the inability to obtain a mortgage in my own right. (This is due to spanish banks considering our joint uk mortgage as 100% mine even though it is shared 50/50).

 

Our plan in a few years is to change this property to my name and for me to obtain a mortgage (if required), however, I would like to understand if this is complicated and what financial implications, if any there are....

 

Many thanks





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