Finance for land and construction

Finance for Land and Construction

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Mortgages on Property in SpainMortgages

Financing of 70% is achievable based on your total project costs, including land, construction, building licenses, architect fees, project management fees etc.

Be aware that loans to Spanish non-residents are subject to normal UK lending criteria and that the banks will not lend on the VAT element.

For more information please contact Carrington Estates.

Property Tax SpainTaxation

There may also be several fiscal benefits in setting up a Spanish Limited Company (SL) to handle your land purchase and villa construction, particularly in relation to IVA recovery and Capital Gains Tax.

For more information please contact Carrington Estates.


English speaking lawyers in SpainLawyer

Ensure that you instruct a bilingual English / Spanish speaking lawyer who is based in Spain and knows exactly how the Spanish conveyancing procedure works. Be wary of using your regular UK based lawyer as he/she will not have the local knowledge and contacts to proceed as efficiently as a local equivalent.