Finance
 
Finance is always a critical decision when buying property and get the right finance can make the difference between a good buy and a great buy; especially if you are considering an investment purchase. No doubt the current credit crunch has made banks tight their lending criteria but there are still plenty of mortgage products available and therefore those in need of finance their purchase should not find it too difficult in getting the financial back they need provided that some cash is paid as deposit. We prefer that our clients are seen by a broker or bank officer so that they know what they can borrow. We also recomend our client to see a solicitor before any reservation fund is paid and therefore a commitment to buy a property is made.

To help you in this decision making process it is always recommended to get the best, most professional advice available. We have teamed up with leading banks, financial advisers, currency exchange companies and legal professionals to make the process simple and to get the best value for you. Some of these companies are described below, but as always with Veritas Homes, you are welcome to use any company or professional you choose.

Banks
 
Banking in Spain is a pleasure; there are plenty of branches, there is always o­ne English speaking member of staff at least. Banks here offer internet banking, cash points and all the services you would expect from a financial institution and they are very approachable. The o­nly slight issue is the opening hours, which are normally limited to weekday mornings depending o­n the time of the year. We have good contacts with all English and Spanish banks operating in the area and the two that we have listed here are Caja Murcia and Barclays Bank. Both have branches within a few minutes walk of our office and they are amongst the most competitive in the area.

Currency Exchange

If you're looking to buy a property in Spain you will almost certainly have to exchange large sums of money into Euros. Using your bank for this can be costly due to poor exchange rates, high transfer fees and commission charges. For this reason it is important that you consider alternatives to your bank that are able to get you more for your money. Our preferred foreign exchange provider, Currencies Direct, has an outstanding reputation in the field of overseas property. They work hard to ensure that all our clients benefit from unbeatable rates of exchange, free transfers and no commission charges. In addition, the outstanding levels of customer service they provide means that exchanging the currency you need to pay for your property is hassle free. In our experience it is well worth comparing their rates against those of your bank in the UK - you will be pleasantly surprised and their plain speaking professionals make the entire process very easy and understandable.

Lawyers