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Why "No Win, No Fee" can be "No Win, Still Pay"

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It may surprise people that even if you have a “No Win No Fee” agreement with your lawyer for litigation you may have to pay legal fees and costs should you lose the case. Although on the face of it this seems to be wrong it is worth exploring...

2019 set to be a year of debt recovery in relation to Spanish Mortgages

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2019 is set to be a difficult year for Spanish property owners who are not up to date with their Spanish mortages. The banks there have started to offload their non performing loans to debt collectors who will invariably start to chase up these loans. We...

The New Auction Law - Cyprus Property Owners

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IMPORTANT UPDATE FOR CYPRUS PROPERTY OWNERS Auction Law or CHF MORTGAGED PROPERTIES Amendment Act 87 (I) / 2018 - The Transfer and Mortgage of Immovable Properties Law of 1965 (9/1965) The procedure for the sale of a mortgaged property is governed by Part...

Tax on Mortgages in Spain - Update

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The situation with the tax that needs to be paid for new mortgage registrations has been clarified with the President of the Government, Pedro Sanchez, announcing measures to make banks, not borrowers pay the tax associated with a mortgage. Clarity The...

Confusion in Spain over mortgage taxes

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A recent Court case in Spain has both clarified and caused confusion over who should pay the taxes associated with taking out a mortgage to buy a property. The Judgement issued by the Supreme Court ruled that it was the Banks - and not the borrowers - who...

Off the beaten track in the hills above Marbella

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I was recently charged with the task of finding a couple A Place in the Sun, in Southern Spain. Sound familiar? Of course it does and whilst I enjoy my job I was somewhat relieved to hear that they wanted me to focus my search somewhere a little less known,...

Spanish Court collapse

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Can the Spanish avoid an absolute collapse of their Court System? As the Court System in Spain groans under the weight of the number of cases there have now been calls to increase the number of Courts to try and tackle the huge delays that have been...

Purchase contracts in Spain

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When buying a property in the UK you may be used to there being a purchase contract. When buying in Spain there may be several different types of contracts to sign and there may indeed be several in one transaction. Unfortunately these different types of...

What sort of offer will secure my overseas property?

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What sort of offer will secure my overseas property? So there we are, I’ve shown my buyers a property they love and they ask me ‘that’ question - “What sort of offer should I go in at”? There is no formula but there is a...

Insurance and Specific Risk policies on foreign properties

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Unless you have bought property in the USA you may not have heard of Title Insurance. Title insurance is, in effect, an indemnity insurance policy which protects against financial loss as a result of defects in the title to the property. It is not a...

Getting things right in Cyprus

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Much of our work over in Cyprus involves helping clients who bought property with Swiss Franc mortgages so it’s good to remember what inspired them to buy there in the first place and why it still represents a great location today. 20,000 of us Brits...

Courts in Spain get tough on Foreign Currency Mortgages

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Recent Court decisions in Spain have highlighted the fact that foreign currency mortgage problems are not limited to jurisdictions such as Cyprus where largescale problems have been incurred by borrowers in the Swiss Franc denomination and are currently...

Timeshare Cancellation Companies Warning

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The Timeshare world is a murky one. One thing can look like another and some companies spend quite a bit of time and effort hiding their true identity or objectives. This is true not only for the timeshare resorts and sales companies but also the huge...

A Tale Of Two Cities

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I always enjoy APITS (A Place In The Sun) live as I get to meet the viewers and lots of buyers. At the exhibitions I host a meet and greet section where I get to meet not only the viewers but also lots of genuine buyers which is an invaluable insight into...

Niche Law Firm of the Year 2017

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We were delighted to recently receive the award for Niche Law firm of the year 2017 at the gala dinner of the annual Symphony Legal conference in Stratford-Upon-Avon. Symphony Legal are one of the UK's leading legal membership and consultancy networks. ...

Force Majeure clauses in property contracts - what are they and when can they be invoked

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If you have bought a property abroad in the last 10 to 15 years in countries such as Cape Verde, Turkey, Morocco, Brazil or the UAE then the likelihood is that the property was still being built when you committed to buy. This is commonly known as buying a...

Communal areas and Community of Owners for properties in Italy

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If you are buying a property abroad which is in a complex then the likelihood is that there will be some form of Community of Owners. You will own your property and also a share of the communal areas – after all somebody has to own them. This is...

How to choose a lawyer when buying property abroad

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When you buy a property in the UK you will probably know which lawyer you are going to use to help you buy. They could be somebody that you have used before. They could be your nearest local solicitor. They could be somebody that is recommended to you by a...

Forced Heirs

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One of the most common misconceptions when people buy property abroad is that they will be forced to leave their assets in that country to certain people and will have to follow the law of that country. It might be helpful to understand a bit of background...

Company ownership of foreign property

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We are often asked about the various options and structures of owning a property abroad through a company. The theory is that if you put a property abroad into the name of, for example, a British company, then should you sell the property or should you die...