Beachfront Apartment on the Costa del Sol for a Surrey Family
€320,000 · 20 years · Euribor +1.10% variable. A family from Surrey had been renting the same apartment on the Costa del Sol for seven years and decided to buy.
The Client
UK Residents - Holiday Home
The Challenge
A family from Surrey had been renting the same apartment on the Costa del Sol for seven years and decided to buy. The Spanish purchase process - NIE numbers, nota simple, plusvalia tax - was entirely unfamiliar, and their UK bank had no Spanish mortgage product.
Our Solution
Doulton managed every aspect of the Spanish mortgage process. NIE numbers were applied for via the Spanish consulate in London. A nota simple was obtained confirming clean title. The mortgage was placed with a Spanish bank comfortable with non-resident UK borrowers, and all documentation was handled bilingually.
The Outcome
Apartment purchased. Family now has a permanent holiday home on the Costa del Sol. Occasional weeks rented out through an established holiday letting agent when not in personal use. Key highlights: NIE number process managed from the UK; Full nota simple and title check completed; Spanish non-resident mortgage placed successfully.