How would a ‘No deal’ Brexit affect British Owners of Spanish Property?

A guest post by Alex Radford of My Lawyer in Spain, based in Marbella, Malaga with whom we have collaborated with in the past, and more importantly has written an article which is worth a few minutes of your time. Alex can be contacted on +34 951 203 094 if you would like to speak with him, or of course Steve or I (Barry) would also be delighted to hear your thoughts / comments. Anyway, read on.
On 29 March 2019, the UK is expected to leave the EU, with or without a deal. There are many different types of potential deals being floated around at the moment by the various Westminster political parties and the EU is warming to Theresa May’s Chequers plan or parts of it. However in this article I consider how a Brexit no deal would affect British owners of Spanish property.  Initial details of the ‘no deal’ Brexit have been issued by the British Government here with Theresa May advising more are to come. It is important to distinguish between British residents in Spain and those who are …

If you’re not a resident in Spain, what are your mortgage options?

The Spanish property market is hotter now than at any other time in the last ten years, and we are regularly asked about mortgage deals currently available, especially for non-residents. Many non-residents believe the mortgage process to be difficult, but it's not impossible. Most Spanish banks are happy to lend money to people living abroad, whether Spaniards or non-nationals. But it is important to know the ins and outs when borrowing to avoid unpleasant surprises.
First of all, you are going to pay more

Non-residents and Spaniards living abroad will pay higher interest rates than they would if they were resident here. A fixed-rate mortgage, the usual option in this case, around 2.5% for 20 years, and a variable rate, the fixed part added to the Euribor index is between 1.1% and 1.25%. Buyers will have to take out life and home insurance
The reason non-residents pay higher interest rates is because they are buying a second home and will find it harder to meet some conditions th…

Penthouse Apartment In Gran Mirador - 85,000 Euros (plus taxes)

We are delighted to offer this modern penthouse apartment with a huge terrace and roof top solarium, with access to a communal swimming pool, outdoor picnic area, and padel tennis court, located in the area of Mutxamel (Muchamiel)  just 15 minutes from the center of Alicante.

View of the complex from the pool
The property is located in a gated complex with beautifully maintained gardens, communal swimming pool, picnic area and padel tennis court. There is vehicle access via electric gates and the property has a private parking space and store room.

Picnic area and gardens
This is a penthouse apartment in a 3 storey block. The road level is on the 1st floor so there is only 1 flight of stairs to the front door of the property. It is a bright and modern apartment with large patio doors from the living room and external, south-west facing windows in both bedrooms.

Living Room leading to terrace
The living room leads to an open, south-east facing terrace of some 30m2. From here there are bea…

World Cup Special

Good morning!

To celebrate the fact that we're only a couple of days away from the start of the FIFA World Cup in Russia, we're going to play a little game of our own.

1. First of all, we want a referral from you, whether it be someone you know looking to buy or sell in this wonderful part of Spain, and then,

2 What is the record for the highest attendance at a FIFA World Cup match?

All entrants will enter into a sweepstake, and the lucky winner will win a crate of locally produced Althaia Artesana beer to enjoy when you're watching a game.

So don't delay, if you know the answer and have a referral for us, we will hold the draw and notify the winner on Friday.

And in the meantime, check out this video of this house offered for sale, located in between Benidorm and La Nucia.

Price 450,000 Euros (plus taxes) - more information here
As always, do not hesitate to contact us regarding your property needs in Spain -  Barry 657 960 480 Steve 657 958 094

Ultimate Homes - Privacy and a Hot Javea Promotion

We at Ultimate Homes (many of you know us personally as Barry and/or Steve) really appreciate your interest in property in Spain and value you as an email subscriber. We send our emails to keep you up to date with the latest Spanish property news, tips and offers. Indeed, many of you who receive our email newsletters have become good friends.
That said, tomorrow is the 25th May 2018, and  the General Data Protection Regulation (GDPR) will come into effect. We are taking steps to ensure we comply with this new EU regulation that relates to how personal information is stored and processed.
You are currently on our mailing database as you have either expressed an interest in a property offered for sale by Ultimate Homes, you have either purchased a property with us or you have previously signed up to our mailing list. On that basis, we are assuming that there is a legitimate interest for contacting you. If you are happy with this and wish to continue receiving the latest property news, off…

3 Bed Detached Villa In Beniarbeig

Beniarbeig has been one of the most popular locations for our buyers in recent years due to it's proximity to Denia and the greater value for money compared to the coast. So we are delighted to offer this fantastic house, located in a quiet cul-de-sac, on the edge of the village.

The house has 3 bedrooms, 2 bathrooms, a garage and swimming pool. It is all built on one level and situated on a flat, south-facing plot with open views to the surrounding countryside and mountains. It has been beautifully maintained by it's current owners and includes many extras including gas underfloor heating, hot & cold air-conditioning throughout, satellite tv and is even being offered fully furnished.   LIVING ROOM   South-facing living/dining room of almost 30m2 with hot & cold air-conditioning, satellite tv, electric fire and access to the terrace and pool area.

A spacious and fully equipped kitchen with separate utility area and access to the side of the house.   


New development in Calpe - Urbanisation Oltamar

Friday evening, we visited a new development of 17 townhouses in Calpe which we are delighted to offer for sale, situated in the area known as Oltamar (a five minute walk to the tram station / bus into town) with a choice of properties with south or east-facing orientation. Prices range from 150,000 Euros to 186,000 Euros (plus taxes and notary fees which are approximately 12% if you are a cash buyer).

First, some photos.