Permanent Relocation to Mallorca for a Retired Scottish Couple
€445,000 · 15 years · 3.40% fixed. A retired couple from Perthshire were selling their home and relocating permanently to Mallorca.
The Client
Retirees Relocating Overseas
The Challenge
A retired couple from Perthshire were selling their home and relocating permanently to Mallorca. Both were in their early sixties with final salary pension income. They had identified a villa in the southwest of the island but needed a mortgage to complete alongside their UK sale.
Our Solution
Doulton arranged a Spanish resident mortgage (as they were establishing residency) with a Majorcan bank. Pension income from UK sources was documented and accepted. Spanish mandatory costs - stamp duty, notary, registration - were included in the financial planning.
The Outcome
Villa purchased and couple are now Spanish residents. Padron municipal registration completed. Spanish tax residency arrangements made through Doulton's recommended adviser network. Key highlights: Spanish resident mortgage arranged pre-residency confirmation; UK pension income fully accepted; Full relocation support beyond just the mortgage.