Fees & Taxes Payable on property purchases, mortgages & re-mortgages

Fees Payable

Lenders Fee: 1% - 2% of mortgage to be confirmed by lender

Brokers Fee: 1% of mortgage - minimum €1,000.00. (See Note 1 below)

Legal Fees - Purchase = 1) Conveyancing Solicitor, say 1%

- 2) Notary = Various, 0.3 - 1%, Min €1,000

- Mortgage = 1) Notary = Various, 0.8 - 2% , Min €1,100

Redemption Penalty: up to 1% for the term. Normally 0.5%.

Booking Fee: €500 (non refundable) - Payable Up Front

Valuation Fees: 0.15% of valuation - Payable Up Front

Taxes Payable

Purchase (New) – 7% IVA plus 1% AJD (Mainland Spain). (See Note 2 below)

Purchase (Resale) – 7% ATP

Mortgage – 2% AJD

Note 1) - Service options;

i) Mortgage Arrangement = 1% of mortgage

ii) Mortgage Arrangement & Maintenance = 1.5% “

iii) Mortgage Arrangement & Management = 2% “

Note 2) - IVA for Canary Islands is 6.5% and ATP 0.5%