YOUR ESSENTIAL GUIDE TO BUYING IN Spain

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1 YOUR ESSENTIAL GUIDE TO BUYING IN Spain

2 Contents Since 2007, we have been helping families, couples, individuals and investors find their ideal property abroad. With our website being updated daily with new properties, we are sure you will soon find your ideal property in Spain. Over the past years we have built up a close relationship with leading overseas property agents and we work hard with them to ensure that we are able to showcase their properties to genuine interested buyers. Equally important to us is the desire to help our property buyers find the right property, and if required, guide them through the buying process. We are able to do this as we work closely with a number of companies and individuals based in Spain who offer a range of services which are normally required when purchasing abroad. I am also proud to introduce our currency exchange company Foremost Currency Group. I founded this company 10 years ago and to date we have helped over 15,000 customers transfer money abroad. Working in conjunction with estate agents we can ensure transfers tie in with purchase deposits and notario s fees, enabling our clients to get better exchange rates than they would achieve by using their bank. We trust you find this guide helpful and informative, without making the process of buying in Spain too daunting. Remember, our knowledgeable team of currency brokers are ready to share with you their in-depth market knowledge and help you on the road to securing your property abroad. We wish you success with your property search and encourage you to start your search today by visiting our property website I am confident you will soon find your ideal property in Spain. FINDING A PROPERTY Create your brief 7 1. Property Location 7 2. Type of Property 9 3. Your budget 13 Currency Exchange 14 Start your search 17 Estate Agents Inmobiliaria 17 Viewings 19 BUYING THE PROPERTY THE LEGAL PROCESS Residency 22 FINANCE Inheritance 25 Mortgages 25 Taxes 26 CASE STUDY 30 Robin McEwen Managing Director

3 FOREMOST property GROUp: SpANISH BUYING GUIDE We started searching for our place in Spain in 2013 and finally took the plunge in August My wife was hesitant about buying in Spain and worried about pressure from estate agents to buy. We started our search on the Foremost property Group website as we knew they are a UK company with credible Spanish estate agents. After 18 months of searching we are now the proud owners of a property in Granada, and really are living the good life. Thank you Foremost Property Group. Mr and Mrs Booth, 2016 Buying a property abroad is an exciting time, something that you may have dreamt of doing for years but it can be riddled with challenges particularly if you go into the process underprepared. At Foremost Property Group we speak to property buyers every day and while the vast majority of our customers have good experiences when buying abroad, sometimes things can go wrong. Our experience of working with property buyers over the years has enabled us to help many buyers resolve issues or complications relating to their purchase. To help our customers through this journey we have put together some essential country-based guides to buying properties in popular destinations. The property buying process is different in every country and there can be an overwhelming amount of information on the web for you to sift through. We hope this Spanish buying guide is a useful resource to ensure that your property buying adventure is a successful one. GUIDE TO BUYING IN SpAIN With house prices offering good value for money and a thriving expat community, it s not surprising that Spain is still one of the most popular choices for Brits when purchasing properties abroad. Over the past few years there have been horror stories about purchasing property in Spain but as long as you don t cut corners, are not pressured into buying before you are ready, and have good legal representation, it should be plain sailing. If you know what you re doing and understand what to expect before beginning your search and through every step along the way, the process is reasonably straightforward. Also, unlike the UK, you can secure a house much earlier by signing a binding contract soon after viewing a property, with the whole process taking anywhere from a few weeks to 6 months. 5

4 Galicia Asturias Cantabria Basque Country Normandie (Normandy) Navarre île-de-france La Rioja Alsace Champagne-Ardenne Lorraine FINDING A PROPERTY Bretange (Brittany) Castile-Leon Aragon Catalonia Extremadura Canary Islands Centre Val de Loire Andalusia Madrid Castile-la-Mancha Aquitaine Limousin Poitou-Charentes Murcia Valencian Community Languedoc-Roussillon Midi-Pyrénées Bourgogne Franche-Comté Auvergne Rhône-Alpes Balearic Islands Corsica Create your brief The key to a successful and stress-free property search is the ability for you to answer the following questions: Where do you want to buy? What are you looking for in a property? What is your budget? Step 1: Property Location Spain is split into 17 regions, including 2 groups of islands. Being such a vast country, Spain is full of variety. Below are some of the popular regions to buy in. Costa del Sol Coast of the Sun is one of the most well know regions in Spain thanks to 100 miles of stunning coastline and around 300 days of sunshine a year. Costa del Sol is home to Malaga and Marbella with Malaga International Airport, making the region easy to access. The Costa del Sol is full of culture, quaint villages and good food. Prices are not cheap in this region due to its popularity. Costa Blanca Costa Blanca extends along Spain s eastern coastline with over 125 miles of stunning coastline and marvellous weather. The northern part is less developed and more expensive and is home to towns such as Benidorm, which has been popular with British property buyers for holiday houses and permanent homes since the 1950s. The southern part is more resort based and has the highest proportion of British expats in Spain. Due to this, properties are more affordable in this area. Costa Brava This rocky and relatively unspoiled coastline with stunning sandy coves is situated to the north of Barcelona, Spain s second largest city. With close proximity to France, it is easy to access from the UK. This region is popular with foreign buyers and can be expensive. The Balearics The Balearics consist of the islands of Majorca, Menorca, Ibiza and Formentera. The islands all have a mix of beautiful beaches, sunshine, and charming old towns. They are a popular holiday destination and there are properties to cater for any budget

5 FINDING A PROPERTY FINDING A PROPERTY The Canary Islands The Canary Islands are a group of 7 inhabited volcanic islands off the coast of North West Africa. Providing winter sun, the most popular of the islands are Tenerife, Fuerteventura, Gran Canaria and Lanzarote. Property prices can be quite reasonable, depending on where you look, but the demand is high. Almeria/Andalusia Almeria is not as well-known or as developed as the Costa del Sol, but has more of a Spanish charm due to the number of farmhouses and villages present in this region. The region has a central airport, quiet hillside villages and lively beaches making it an ideal holiday destination for families and couples. Step 2: Type of Property If you are not in a rush to buy, keep an eye on the property market over a period of a few months to see if houses sell well in the area you have chosen. This information could put you in a good negotiating position later. There are a number of other factors to consider. If relocating to Spain employment, schools, shops and healthcare services will be equally as important. You may want to consider what the local community is like. If you want to fully integrate into Spanish life you will want to speak, or learn to speak, Spanish fluently. Murcia/Costa Calida The hottest and driest corner of Spain. Murica, also known as the Garden of Spain, is more affordable and less developed than the Costa del Sol. The region has many golf resorts and is popular with the British market. Costa de la Luz This region is famous for its white sandy beaches and clear blue skies, making it a popular tourist area. However, due to the lack of marketing to British buyers, the area is not as developed as some of the other popular regions. Consider what sort of property you want: permanent, holiday home, investment or business; accessibility from the UK; the amount of time you intend to spend there and of course your lifestyle. We recommend you start by creating a list that is divided into three categories: Essential (factors that you re not willing to negotiate on) Preferred (features you would like to have a wishlist) Must not have (factors that would knock a property out of the running e.g. being on the flight path of a busy airport) Check the orientation of the property for sun. If you are near the hills and want to have your balcony drenched in sun you will need to work out if this will be possible all year round. Will you be inundated with tourists during the peak months? It is worth visiting the areas during these months to see how congested it can become

6 FINDING A PROPERTY Buying a new build It s often cheaper to buy a new home than an old property requiring modernisation or renovation, as the price is fixed, unlike the cost of renovation which can soar way beyond original estimates. New builds also come with a 10-year guarantee from the developer against structural defects. Buying an off-plan property in Spain can be risky. We suggest you download The UK Foreign Office comprehensive guide and checklist for British nationals who are buying property off-plan. Buying an existing property The purchase of an existing property can be completed within an agreed timescale by both the seller and the buyer, after checks have been carried out to confirm that the property complies with the existing local building regulations and that the seller is up-to-date with the payment of all their taxes, fees and property bills. Once a price is agreed, a verbal contract is made and you then sign a document to make a legally binding contract. You are then able to buy the property. 11

7 FINDING A PROPERTY Step 3: Your budget If you are not a cash buyer, you will need to determine the amount you can afford as a deposit as well as taking into account what your mortgage repayments will be. There are a number of costs that come with buying property such as taxes and fees and they vary depending on if you are buying a new build (one that has never been occupied) or a resale property. As a guide the costs involved in buying a property are 10-15% especially when buying using a mortgage. Legal fees are around 1-1.5% + VAT of the purchase price. Please see the Property Tax section for more information. You will also need to pay for notary fees (around 1%) and registration fees which vary based on where the title deeds are located (allow for 1%). There are costs associated with doing up, maintaining the property and insurances. If you are near the sea, the effect of sea salt can mean you need to put more effort into maintaining it, or a private pool that needs regular cleaning. Take into account Community Charges when purchasing property in an urbanization (community or residential development). Owners pay for the upkeep of shared areas such as maintaining lifts, pools, gardens etc. Consider what your maximum purchase price is, taking all the above points into consideration. One of the biggest mistakes buyers make is using the exchange rate at the point in time they start their search to determine their budget. The smallest fluctuations can have a huge impact on affordability

8 Currency Exchange Currency Exchange Currency Exchange Make sure you obtain the best exchange rate when it comes to exchanging sterling to euros for your deposit and completion payments as well as any ongoing mortgage payments. Speak with our currency partner Foremost Currency Group on +44 (0) in the early stages of your purchase. Your own dedicated broker can guide you through a range of contract options and find one that offers you a host of advantages depending on your situation. The different options include: Spot Contract The spot contract is the fastest way to exchange currency. As soon as you have found the property you want, you can contact Foremost Currency Group, agree a rate of exchange and instruct your dedicated broker where to send your euros. You then have two working days to transfer the sterling to Foremost Currency Group, then your euros can be sent. When your notario requests your property deposit, a spot is normally used. Limit Order The limit order contract helps you get the rate you want. If you know what exchange rate you will need to buy that villa in Marbella, you can instruct your Foremost Currency Group broker to purchase the euros automatically as soon as the market achieves this rate. A great option if time is on your side and you can afford to wait until the market moves in your favour. Stop Loss Order The stop loss order contract protects you against a drop in the exchange rate. It allows you to buy currency if the exchange rate drops to a pre-determined minimum level. Combine it with a limit order and you can hold out for a better rate while protecting yourself from a sudden fall in the market perfect for budgeting and forecasting. Forward Contract The forward contract allows you to set the rate for up to 2 years. When your property price has been agreed but the completion date is still a few weeks or months away, a forward contract guarantees the price as the formalities are concluded, protecting you from any market volatility. Or if you feel that the exchange rate is at a high but you haven t quite found the right property you can use the forward contract to hold that rate of exchange for up to 2 years with just a 10% margin (payable within two working days) and then settle the balance before the contract expires. FX Rate Most customers choose to use both a spot and forward contract. This is beneficial as you can pay for your deposit and any fees using a spot contract, but you can also use a forward contract to secure the currency for your property further down the line. This combination of contracts provides peace of mind and the ability to budget accurately. Length of Time FX Rate Fixed Amount Saved Speak to us today about the best currency option for you on +44 (0) Purchase Date

9 Your Search Start your search Foremost Property Group s property portal is the perfect place to start your search with thousands of Spanish properties listed at any point in time. Through our website you will be able to see the types of properties available in the region, the price and the number of bedrooms. You will also be able to make a shortlist of properties that are of interest to you. When you enquire about any of these properties, your enquiry is sent directly to the Spanish estate agent and they will contact you about your property search. You will also receive a phone call or from our sister company Foremost Currency Group, and one of our currency brokers will introduce our currency services and, if relevant, other partners who can assist you with your buying process. Estate Agents Inmobiliaria When you choose an estate agent, look for experience ask how long they have been in the industry and operating in the region you are purchasing in. With no qualifications required and barriers to entry low, there are many unscrupulous operators in Spain with little experience of the local area and the local market. They try to pressure buyers into signing a contract before any due diligence is done never sign a contract without your lawyer checking it first. Decide at the beginning, well before your first viewing, if your agent is going to be reliable, honest, enthusiastic and helpful. This can be determined by how quickly they respond to your s before any viewing trips to Spain. One of the best ways to identify professional estate agents in Spain is through referrals from clients who have had good experiences and through our property website. There are professional associations for estate agents in Spain but the industry is considered unreliable. Commission values can range enormously in Spain and sometimes be as high as 35% on low value properties. Usually estate agents earn commission as a percentage of the purchase price but in Spain some sellers (often locals) give estate agents a nonnegotiable price that they want to achieve. The estate agent can then charge whatever commission they can get away with on top of this figure and are likely to add on more than normal in the expectation that it will be negotiated down. The buyer thinks they are negotiating the purchasing price with the vendor but in reality they are negotiating the estate agent s commission. There is nothing to stop you from asking the agent how their commission is structured. 17

10 Your Search Viewings Using an estate agent who knows the region well and can take you to multiple properties in a day is how many Brits find their property in Spain. Some estate agents offer inspection trips with freebies such as reimbursing the cost of flights or a free night in a resort if you agree to buy. So long as you go into it with your eyes open there is nothing wrong with taking these trips, but you need to be aware that these agents are commission-hungry and their expert advice is often biased. Book a trip during the off-season as this is often a slower time for the estate agents, and sellers are more likely to negotiate a lower price when demand is low. Let the estate agent put an achievable viewing schedule together to make the most of your trip and see the best properties. We recommend up to 5 viewings a day and make sure you ask a lot of questions while the estate agent is taking you around. Find out about the local amenities, climate, crime rate etc. Take photos of the property and the surrounds and make sure you talk to the locals to get as much information as you can. Well organised professional estate agents should have a file with all the relevant documentation on the property you are viewing such as the land register filing (nota simple), a copy of the title deeds, and receipts of local rates and community charges. For new build properties they should have a copy of up to date price lists, plans and specifications, copies of example contracts and a copy of the building licence

11 Buying the Property Buying the Property The Legal Process Professional Legal Advice While you don t need to understand Spanish to purchase a property in Spain, it is highly advisable to engage an English speaking lawyer experienced in property law who does not have any conflicting loyalties (such as a financial connection with the estate agent or developer) someone who can protect your interests and carry out the necessary searches. We recommend you engage a lawyer before your first viewing trip so that you are not pressured into using one recommended by the estate agent. Lawyers Abogado, are regulated by the Ilustre Colegio de Abogados, and you can get a list of English speaking lawyers through the British Embassy or consulate. The role of the lawyer is to see you through the entire property purchasing process including completing all the relevant searches and being present with you at the signing of the Title Deed. Ensure that they put all advice in writing to you. Tax Identification Number número de identificación de extranjero (NIE) Before purchasing a property you will need a National Identity Number (NIE). This will help you with many activities in Spain such as buying a property, opening a bank account, obtaining a mortgage, receiving income, as well as setting up utilities. This is a simple process and you can apply for it by going to your local tax office, the immigration office in some police stations or through a Spanish embassy. If you don t have an address you can usually use your lawyer or estate agent s address. It can take around 15 days for your number to become available so start this process as soon as possible. Your lawyer can get the NIE for you if you have granted them with power of attorney. Visit our website for a list of recommended lawyers. 20

12 Buying the Property Buying the Property Residency Residency for EU citizens is managed through the Foreigner s Office Oficina de Extranjeros or local police station. Within the first 3 months of living in Spain you must register your long-term presence in the country by applying for a Residence Certificate Certificado de Registro Como Residente Comunitario. You will need to prove that you won t be a burden on the state and that you have sufficient financial means to support yourself and any dependents. If all of your paperwork is in order you can be issued with your Residence Certificate on the spot and it is valid indefinitely. Reservation Agreement Once you have found the property you want to buy and have negotiated the price you may be asked to enter into a reservation agreement. This will take the property off the market for days. It is normal to pay a deposit of between 3,000 and 10,000, which will be taken off the final purchase price. Make sure that your deposit is held in an escrow account by your lawyer or agent. By making the contract subject to preliminary legal checks, financing and a survey, the deposit should be returned if there are problems. Due Diligence Your lawyer should start the process of due diligence by getting a number of searches underway to identify ownership. These include, but aren t limited to: that the land and property match the details registered; there are no outstanding debts; charges and taxes; there are no legal proceedings for contravention of land planning law; that your property is a legal build and planning permissions are in order; that it has a building approval/licence; is up to date with any community charges or has any building restrictions. For a new build check that the property has been certified as finished by a registered architect and registered in the property register including their insurance details. It s vital that the due diligence is completed thoroughly as you will be liable for any debts or issues once you become the owner of the property. Survey It is not mandatory in Spain to get a survey completed prior to purchase but it is highly recommend. The Royal Institute of Chartered Surveyors (RICS) has members based in Spain. Members of the RICS are qualified and experienced professionals offering independent and impartial advice. Ensure that the surveyor is qualified to undertake building surveys in Spain and provides a report in writing. Preliminary Sales Contract Contrato de Arras There are a few types of private contracts that can be entered into before the Reservation Agreement expires and prior to signing the Deeds. The most common one is the Deposit Contract Contrato de Arras. Make sure the Contrato de Arras includes any conditions of sale that you have agreed with the seller. A deposit of normally 10% of the purchase price secures the property and both the buyer and seller are protected. If you fail to complete the purchase you will lose your deposit and if the seller fails to complete the sale they must repay you twice the amount of your deposit. A different type of private agreement may suit your needs better and your lawyer can discuss options with you. Public Agreement of Purchase Escritura de Compraventa Completion can take 1-6 months from the time of signing the Contrato de Arras. Both you and the seller sign the deeds before a notary notario. A notary is a legally trained representative of the state. If you can t be present at this meeting you will need to arrange for a Power of Attorney to sign on your behalf (usually your lawyer). If you are getting a mortgage, a representative of the bank will also be present. At this meeting you will be required to pay for all agreed final payments. These include the balance of the purchase price, as well as all taxes and fees notary, legal and land registry. Once signed, you need to have the title inscribed in the land register, then no one can challenge your claim to the property. After signing, the notary sends a copy of the Public Agreement of Purchase to the Tax Agency and to the Official Public Register of Property Ownership. A copy (Official Certified Copy) of the Agreement is given to the buyer. Future copies can always be purchased from the notary and the Official Public Register. You will also need to ensure that the utilities are connected, taxes are paid and confirm that your new ownership of the property has been registered. You will receive the keys and you are now a proud owner of a property in Spain! Changes to legal, finance and tax situations relating to property purchases can occur at any stage we recommend you contact a specialist for up-to-date information

13 Finance Financial Matters Inheritance Until August 2015, Spanish property was subject to forced-heirship. The new legislation, EU regulation 650/2012, also known as Brussels IV, now means that any British national who has property in Spain, or any other participating EU state (and who has taken appropriate action before their death) can choose either the law of the country of their habitual residence, or of their nationality (if you have multiple nationalities, then you choose one) to govern the devolution of their Spanish estate. If you do not have any estate planning measures in place and you live in Spain permanently, all your property (even real estate properties abroad) will be subject to the Spanish inheritance rules. If you live in the UK permanently (or in another country in the European Union) all of your estate, including property in Spain, will be subject to the inheritance law of the country where you live. In this situation, the new regulations mean that property in Spain won t be subject to Spanish law. If you don t live in Spain permanently but you have a holiday home in Spain, the Spanish law will apply to that house only, with the same restrictions. If you seek specialist advice and plan the settlement of your estate the new regulations mean that you can choose which national law will be applied to the settlement of your estate. This can be done by making a will. 25

14 Finance Finance Mortgages Mortgages are available from all major Spanish banks for residents, with many also offering mortgages to non-residents, but a high majority do not. Due to this, it may be hard to get a Spanish mortgage, so you may wish to remortgage your UK home to get a sterling (UK) mortgage. Spanish mortgage interest rates are often more competitive to UK ones making it cheaper to purchase your property with a Spanish mortgage, rather than remortgaging your existing home. However currency swings and devaluations can wipe out any interest rate gains. Mortgages in Spain are always linked to the valuation of the property rather than the purchase price so take this into account when being told what the Loan to Value (LTV) rate is. The standard LTVs are up to 60-70% for non-resident and up to 80% for residents. Most mortgage terms run from years and are dependent on age and the majority of banks will expect the mortgage to be repaid by age 75. But in some cases the age limit can be even higher. Ensure that your lender is listed as authorised to operate in Spain with the Bank of Spain. Shop around and compare interest rates, terms and fees from a number of banks and financial institutions both in the UK and in Spain. There are a number of fees associated with taking out a mortgage in Spain. These include the mortgage deed tax, bank arrangement fees, notary costs, property valuation fee and mortgage broker fees. When choosing between a euro loan and a sterling loan, be sure to take into account all costs, fees, interest rates and possible currency fluctuations. We recommend that you seek professional advice through mortgage brokers or your bank and speak to our currency partner, Foremost Currency Group, to see how you can reduce any exchange-rate risks. It is also useful to open a bank account in Spain as soon as possible to pay bills, taxes etc. You will need to transfer sufficient funds into the account to cover your deposit when you sign the contract. Taxes To get the most out of your individual situation, we highly recommend that you seek independent professional tax advice. Property Tax VAT IVA is 10% on the purchase price of new residential properties that have never been occupied. Stamp Duty AJD Impuesto de Actos Jurídicos Documentados. AJD is payable on the registering of new property deeds (for new builds) as well as when a mortgage is taken out. These are set by the local government and can range from 0.5-1% of the purchase price. Transfer Tax ITP Impuesto sobre Transmisiones Patrimoniales. The rate is regionally set and ranges from 6-10% and is payable on resale properties. Complementary Tax This tax has been in the news recently due to the large number of properties being offered at discount prices. Once you have paid your ITP you may find that you have to pay another tax as the Spanish Tax Authority may decide that the purchase price you paid is not in line with their calculation of the property s value. They can charge you the difference between the ITP you have paid and what they calculate you should have paid. This can happen up to four years after you purchased your property. Property Tax IBI Impuesto sobre Bienes Inmuebles. This is a local tax on property ownership and is paid annually. The amount payable is calculated on the basis of cadastral value. This is set by the town hall and is often lower than actual property value. Tax is usually 0.4%-1.3% of cadastral value. Plusvalía Municipal Tax. This is a tax payable by the seller when they sell the property and is calculated on the increase of the value of land. If the owner is a non-resident and they do not pay it, then the liability will fall to you. Therefore you should ensure this is paid by the seller when they sign the deeds

15 Finance Capital Gains Tax If you sell your property in Spain then capital gains tax is payable by non-residents at 19% on the capital gain. If the seller is a non-resident then the buyer will retain 3% of the purchase price to pay this tax on behalf of the seller. This needs to be paid within 3 months of sale through the local tax office. From January 2016, the tax for residents is based on the table below: 0 6,000 19% 6,000 50,000 21% 50, % There are many exemptions to this which a specialist will be able to advise on. Income Tax If you are a resident in Spain, then you are liable to Spanish taxation on your world-wide general income at progressive scale rates from 24% to 45%. Non-residents pay a general rate at 24% and those residing in an EU country pay 19%. You are obliged to make an annual return for income tax if you receive income from letting property in Spain. Wealth Tax Wealth tax can vary by region and is payable based on assets held at 31st December. Residents of Spain are liable on their worldwide assets and non-residents on their Spanish assets only. Spanish residents have an individual tax free allowance of 700,000 plus a property allowance of 300,000. If the property is jointly owned by a married couple the total annual allowance is 2,000,000. Nonresidents have an individual allowance of 700,000. Due to frequent changes to Tax Laws, we highly recommend that you seek independent professional advice on the best way of managing your tax obligations from specialist firms. Visit our website for a list of recommended tax specialists. Changes to legal, finance and tax situations relating to property purchases can occur at any stage we recommend you contact a specialist for up-to-date information. 29

16 Case Study We trust this property guide will help your property purchase abroad go smoothly. Don t forget to visit our website, we have thousands of properties to choose from. Read about our clients Lionel and Ann-Francis Gore and how our services benefitted their purchase abroad. We saved 3,000 using an 80,000 forward contract for European home purchase. Lionel and Ann-Francis Gore recently sold their home of five years in Hornchurch, Essex, to make a permanent move abroad in pursuit of a more relaxed lifestyle. Planning ahead is key to making a move overseas, so Mr and Mrs Gore decided the best course of action would be to rent initially, allowing them to search for their dream home while being based in the country they wished to buy in. Keen to be able to budget effectively, they spoke to Foremost Currency Group to fix an exchange rate using a forward contract. By fixing a forward contract we were able to lock in the sterling/euro exchange rate while it was around the best it had been since 2007, meaning we now don t have to worry what happens with the rate whilst we are shopping for a new home over the next few weeks, says Lionel. We know exactly what we have in euros to spend, which allows us to budget effectively. We were pleased that we fixed a rate while it was so good and by booking a forward contract rather than simply using the bank, overall we ve saved more than 3,000. For other services we recommend, visit foremostpropertygroup.co.uk/partners/ to view our list of services you may find useful when purchasing your home abroad. TRUST When buying your ideal property abroad you need to make the most of your currency Our knowledgeable brokers have helped over 15,000 customers move money abroad for property purchases. They understand the importance of timing transactions for your house deposit, final payments, renovations or ongoing payments. Don t hesitate to speak to one of our brokers today to find how you can make the most of your currency. Visit our website foremostcurrencygroup.co.uk or call +44 (0) The Foremost Currency Group Limited is authorised by the Financial Conduct Authority (FCA) for the issuing of electronic money under the Electronic Money Regulations 2011 [FRN ]. Registered in England: No We are supervised by the FCA for compliance with the Money Laundering Regulations (MLR) 2007.

17 together we discover... Foremost Property Group Limited Sutton Court Church Yard Tring Herts HP23 5BB UK Disclaimer. This guide is provided for general information purposes only and none of the information represents formal advice. Foremost Property Group cannot be held responsible for the consequences of decisions or actions you take throughout the process of purchasing a property. We strongly recommend that you seek independent advice at all stages of the buying process. Copyright Foremost Property Group Limited, No part of this document may be reproduced, stored or transmitted in any form or by any means, electronic, photocopying or otherwise, without permission of Foremost Property Group Limited. Foremost Property Group Limited (Company No ) is owned and operated by The Foremost Currency Group Ltd (Company No )