AND EXCHANGE . information Care must
be taken to ensure that there are no hidden charges when making transfers
from one currency to another.
Many purchasers in northern Spain are seeking an older style
property often constructed in stone and more than 100 years old - these
properties are difficult to finance at the current time. This is because
the Spanish banks and Cajas are currently undertaking a programme of
recapitalisation and are undergoing stress tests. As the financial crisis
begins to fade away in the coming months and years the mortgage market
will return but for the present financing in northern Spain on older
and renovation properties remains difficult.
Make sure that you have your home in Spain properly insured.
We are able to advise on competitive quotes for house and contents insurance.
Some owners may have to consider public liability insurance as well.