We finally got to the stage where we applied for the mortgage.
After initially agreeing to a 100% mortgage, they then said they would only give 80% which left us €15,000 short. No problem, they would give us a loan to cover this.
Everything went quiet for a week or two then they found a debt in Richs name that needed sorting. It was a debt from our old company and was €2800. We were told to pay €1000 of it then set up a payment plan with Hacienda to pay the rest off monthly.
It took two weeks to get our Accountant to answer our calls and emails requested her to sort this out for us and another week for her to go and sort it.
Finally we sent the bank confirmation of the debt being paid only to be told that they'd changed their minds and they wanted the whole debt paid.
Another week passed, trying to get hold of the accountant.
We got a settlement figure and what do you know? It had gone up by €1000 to clear it.
We got it paid, through the bank,only to be told the Accountant then needs to go to the Hacienda to get a document to prove this. That was last Thursday, its now Tuesday and we still can't get hold of the Accountant to do this.
The bank reckon that once they have this final document that within a week we should sign for the mortgage and the house.
Watch this space .................................. (don't hold your breath though)
Showing posts with label The Spanish Dingles on the move. Show all posts
Showing posts with label The Spanish Dingles on the move. Show all posts
Tuesday, October 31, 2017
August House
Well it was August when we finally went back to the bank about the house. They advised us to submit another offer for the property and they would chase the Town Hall to see if anybody had claimed the land.
Several staff holidays passed and finally at the end of August there was news!!!
The bank had forgotten to submit the documents to the Town hall for the six month wait so we've wasted 6 months waiting time! Grrrrrrr
The bank then told us that they would sell the property with 1700m2 of land for €10,000 less and we could sort the land issue out ourselves at a later date! This is what we'd requested back in April FFS!!!
So now we had to re-submit an offer for €110,00. We had to pay €1000 to register this application but the application had to be paid out of our account and not Daddios so a bit of money changing accounts went on and finally it was submitted.
We waited and waited, 2 weeks I think until we were issued with papers to sign to say they had accepted out offer.
Several staff holidays passed and finally at the end of August there was news!!!
The bank had forgotten to submit the documents to the Town hall for the six month wait so we've wasted 6 months waiting time! Grrrrrrr
The bank then told us that they would sell the property with 1700m2 of land for €10,000 less and we could sort the land issue out ourselves at a later date! This is what we'd requested back in April FFS!!!
So now we had to re-submit an offer for €110,00. We had to pay €1000 to register this application but the application had to be paid out of our account and not Daddios so a bit of money changing accounts went on and finally it was submitted.
We waited and waited, 2 weeks I think until we were issued with papers to sign to say they had accepted out offer.
Tuesday, May 16, 2017
FRUSTRATION - buying a house in Spain
Well its been another two weeks of waiting for some news on this house and this morning we heard that it would be at least six months until anything is heard.
The bank have to put a notice in the town hall to see if anybody claims the land. If they don't then there will need to be another valuation ( €287) and the process will start again. If people start claiming the land then who knows what will happen????
What I find most annoying is that the bank are trying to sell an illegal house. You would have thought they would have done checks on the houses on their books and not wasted their customers money getting surveys done and paying a mortgage deposit, although that is re-fundable.
Whats next eh????
The bank have to put a notice in the town hall to see if anybody claims the land. If they don't then there will need to be another valuation ( €287) and the process will start again. If people start claiming the land then who knows what will happen????
What I find most annoying is that the bank are trying to sell an illegal house. You would have thought they would have done checks on the houses on their books and not wasted their customers money getting surveys done and paying a mortgage deposit, although that is re-fundable.
Whats next eh????
Friday, May 5, 2017
Buying a House in Spain -The House Valuation
A few weeks ago the bank contacted Daddio to tell him the house needed to be valued and they'd send a Valuer out the next day.
The day of the valuation day arrives and they go to the house to meet the valuer. No show!
Its now the next week before the valuer arrives. Not quite sure why she has to be met at the property, its not as if its locked or anything! She establishes that the Casteral Document (Land Registry) shows the property to have 5000M2 of land but the Ecritura (Deeds) show 1700 M2 and it was changed in January 2017???? Another odd one is that there is a triangle of land, going half way through the pool which isn't registered to anybody!!!!
The property its decided is to be valued with 1700 M2 of land.
Ten days pass until the valuation comes in at €95,000. The offer was for €120,000.
No problem. Withdraw the offer of €120,000 and offer €95,000 and sort out the land issues ourselves. Twelve days later and ermmm no can do say the bank, it still needs to be €120,000. So then, will the bank lend €120,000 for a house that THEY value at €95,000???? The same house that they have had as a reposession for 9 years!!!!
I'll let you know............
The day of the valuation day arrives and they go to the house to meet the valuer. No show!
Its now the next week before the valuer arrives. Not quite sure why she has to be met at the property, its not as if its locked or anything! She establishes that the Casteral Document (Land Registry) shows the property to have 5000M2 of land but the Ecritura (Deeds) show 1700 M2 and it was changed in January 2017???? Another odd one is that there is a triangle of land, going half way through the pool which isn't registered to anybody!!!!
The property its decided is to be valued with 1700 M2 of land.
Ten days pass until the valuation comes in at €95,000. The offer was for €120,000.
No problem. Withdraw the offer of €120,000 and offer €95,000 and sort out the land issues ourselves. Twelve days later and ermmm no can do say the bank, it still needs to be €120,000. So then, will the bank lend €120,000 for a house that THEY value at €95,000???? The same house that they have had as a reposession for 9 years!!!!
I'll let you know............
Friday, April 7, 2017
Stage 3 Buying a house in Spain ONLY IN SPAIN COULD THIS HAPPEN!
So the legal lady gets given the casteral number to do a legal check on the property, make sure its all legal and there are no debts or fines. Does the check but the land doesn't show up, just the house. On the map it shows it on a plot of 4000 m2 and a plot of 500 m2 but by law plots can't be divided. We were told that the plot is 1700 m2??? A bit of a difference.
She phones the agent to find out what it says on the deeds. They tell her to call head office. She calls head office, they tell her the bank holds the deeds. She phones the bank, they tell her the town hall would know. She phones the town hall, the person is on holiday and they tell her to call next week. FFS!!!!!!!
Does anybody in this country know what they are doing???? Surely the bank didn't give a mortgage on this property X many years ago if the property is illegal???
Lets see what happens next week *(sighs very loudly)
She phones the agent to find out what it says on the deeds. They tell her to call head office. She calls head office, they tell her the bank holds the deeds. She phones the bank, they tell her the town hall would know. She phones the town hall, the person is on holiday and they tell her to call next week. FFS!!!!!!!
Does anybody in this country know what they are doing???? Surely the bank didn't give a mortgage on this property X many years ago if the property is illegal???
Lets see what happens next week *(sighs very loudly)
Buying a property in Spain - Next stage
The day after the offer went in we were informed by the bank that the offer had been accepted! After a really shit week, this news was most welcome.
We spent the next week chasing the agent for the casteral number so we could check out the situation with the electric. In Spain if there are debts on the electric, it goes with the house and the next owner has to pay them before being re-connected (for a huge cost).
Four days and 5 chase ups later we finally receive the casteral number. We already had the address for the property but the casteral number showed a different address but the right property? (Only in Spain).
Phoned Iberdrola (the Spanish electric company) who didn't have any details of the property ever being connected at that address. Now, this could be because the property has been disconnected for many years and its gone from the system or it could be the wrong address. What do we do now????
In the mean time the bank were demanding more details of finances which haven't yet been submitted as the quarter only finished last week, so more delays. However the papers for the mortgage application are now signed and a mortgage application fee (€1000) has been paid.
Meeting the builder tomorrow to discuss Daddios renovations that he wants.
We spent the next week chasing the agent for the casteral number so we could check out the situation with the electric. In Spain if there are debts on the electric, it goes with the house and the next owner has to pay them before being re-connected (for a huge cost).
Four days and 5 chase ups later we finally receive the casteral number. We already had the address for the property but the casteral number showed a different address but the right property? (Only in Spain).
Phoned Iberdrola (the Spanish electric company) who didn't have any details of the property ever being connected at that address. Now, this could be because the property has been disconnected for many years and its gone from the system or it could be the wrong address. What do we do now????
In the mean time the bank were demanding more details of finances which haven't yet been submitted as the quarter only finished last week, so more delays. However the papers for the mortgage application are now signed and a mortgage application fee (€1000) has been paid.
Meeting the builder tomorrow to discuss Daddios renovations that he wants.
Thursday, March 30, 2017
BUYING PROPERTY IN SPAIN - Easy peasy????
Whilst browsing through the Internet, for properties for a friend, who is thinking of investing in a property in Spain but lives in the UK, I come across the perfect property. The property in question looked amazing value for money although did require a bit of updating but nothing major.
We roughly knew where the property was so off we went, to have a look. As a bank re-possession, it was obviously empty, the gate was open and on closer inspection it was minus its doors and windows! Feeling a bit criminal like, we threw caution to the wind, traipsed through the jungle of a garden and had a good look around. Every light switch, bit of wiring, everything really had been robbed and there was a gaping hole in the roof where the property had been entered. Undeterred though we thought it was worth an offer.
On the website it gave you a box to tick if you wanted to put an offer in. It also asked if you'd viewed the property and then gave you a box for the offer. First though there was a trip to the bank to check the mortgage situation. All good, so far. We waited and waited for a response on the offer - nothing.
We contacted the bank, who contacted the agents representing the bank and were told the offer wouldn't be put in until we'd viewed the property with the agent. No problem, we contacted the agent who promised to call us back with an appointment. Two days later, still nothing. Phoned again and were told the person we needed to speak to was on holiday. Another four days pass and still no contact. Another call to the agent and we were given the contacts phone number. We phone the contact, Natalia, no reply. Repeat 6 more times, give up! Do they actually want to sell houses????
Natalia finally calls us and tells us she hasn't got her diary and she will call the next day. Next day, nothing! Eight more attempts to get Natalia to answer her phone and we finally get a message from her telling us to contact Pablo. Contact Pablo, who answers after call number three and make arrangement to meet him the next day at 5.30! Yaaaaay!!!
Next day at 5.30, we all await eagerly for Pablo to arrive at the property. No show. We call Pablo, no answer, we call Natalia no answer! We continue ringing them both until Natalia finally answers and tells us she will contact Pablo. Finally we call Pablo and he answers!!!! He denies ever making the appointment but promises to meet us in the morning. Exasperated we head home for a much needed wine. Hard hard can it be to put an offer in on a bloody house?
Two bloody weeks, yes two weeks it takes to put an offer in on a house! Did have to laugh though that when Pablo finally shows, he optimistically arrives with a key for the now existent front door.
Pablo hadn't realised how bad the house had got and thought the offer was a good one, so apparently the offer is now in! Watch this space .......
We roughly knew where the property was so off we went, to have a look. As a bank re-possession, it was obviously empty, the gate was open and on closer inspection it was minus its doors and windows! Feeling a bit criminal like, we threw caution to the wind, traipsed through the jungle of a garden and had a good look around. Every light switch, bit of wiring, everything really had been robbed and there was a gaping hole in the roof where the property had been entered. Undeterred though we thought it was worth an offer.
On the website it gave you a box to tick if you wanted to put an offer in. It also asked if you'd viewed the property and then gave you a box for the offer. First though there was a trip to the bank to check the mortgage situation. All good, so far. We waited and waited for a response on the offer - nothing.
We contacted the bank, who contacted the agents representing the bank and were told the offer wouldn't be put in until we'd viewed the property with the agent. No problem, we contacted the agent who promised to call us back with an appointment. Two days later, still nothing. Phoned again and were told the person we needed to speak to was on holiday. Another four days pass and still no contact. Another call to the agent and we were given the contacts phone number. We phone the contact, Natalia, no reply. Repeat 6 more times, give up! Do they actually want to sell houses????
Natalia finally calls us and tells us she hasn't got her diary and she will call the next day. Next day, nothing! Eight more attempts to get Natalia to answer her phone and we finally get a message from her telling us to contact Pablo. Contact Pablo, who answers after call number three and make arrangement to meet him the next day at 5.30! Yaaaaay!!!
Next day at 5.30, we all await eagerly for Pablo to arrive at the property. No show. We call Pablo, no answer, we call Natalia no answer! We continue ringing them both until Natalia finally answers and tells us she will contact Pablo. Finally we call Pablo and he answers!!!! He denies ever making the appointment but promises to meet us in the morning. Exasperated we head home for a much needed wine. Hard hard can it be to put an offer in on a bloody house?
Two bloody weeks, yes two weeks it takes to put an offer in on a house! Did have to laugh though that when Pablo finally shows, he optimistically arrives with a key for the now existent front door.
Pablo hadn't realised how bad the house had got and thought the offer was a good one, so apparently the offer is now in! Watch this space .......
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