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NOTES ON REPOSSESSION

Many people claim to have access to genuine Spanish bank repossessions, but on closer inspection most of these claims are website headlines to simply grab your attention. Spanish banks only entrust the marketing of their genuine repossessions to long established and trusted companies such as ourselves.

We have thousands of available properties in various areas of Spain. All the repossessions are:

From five of the largest banks in Spain

With 100% financing available

Unfortunately the banks only give limited description of these properties, but we will obtain further information and details for any seriously interested parties.

These properties are offered for sale at well below market value and may be open to sensible offers on an individual basis to which we will negotiate the best price on your behalf.

PLEASE NOTE - These are examples. If you are a serious buyer, and none of the properties are suitable, please contact us as we have a database of thousands of available properties. Our internal search function may be able to suggest alternatives. All we need is your preferred location, type of property, number of bedrooms and budget to find your dream property.

All properties are straight from main banks at cost price, and no costs or commissions are added to these prices. Our commission/finder’s fee of 5% needs to be added to the net sale price.

We will negotiate on your behalf with the banks, and quite often, we can negotiate more than the cost of our fees from the final price. If we negotiate an additional price reduction on your behalf we charge 25% of the money we save you, or our 5% commission, whichever is the greater (you do not pay both). Our fees are fixed, so you may end up paying less than the bank’s original asking price, including all taxes etc.

For Example:

Please Note:
Notary Land Registry taxes etc of 20,000 €. This is approximate figure of 10% of the selling price, this is a statuary government payment for Notary fees, 8% transfer tax and land registry, and this tax is paid on all property transactions in Spain. (The equivalent to Stamp Duty in the UK).

Should we negotiate with the bank on your behalf, and we have an agreed buying price of 150,000 € for the same property as above, your costs would be as follows:

Saving you 2,500 € on the total cost, plus the extra 50,000 € from the sales price means your mortgage payments are for 150,000 € and not 200,000 € again saving you on your monthly payment.

We provide a one shop service, we have direct access to the properties, and a bank recommended mortgage provider and independent lawyer to double check all the bank paperwork to protect your best interests.