Mallorca buying home in spain - Spain buying home in Majorca

The first thing you need to do is decide how much you can afford. You will need to look at how much money you have available yourself and how much you can borrow. There are a number of different financial institutions which offer loans to people buying a property, for example, building societies and banks.

 You should find out if you are able to borrow money and if so, how much. Before finally deciding how much to spend on a property, you need to be sure you will have enough money to pay for all the additional costs. These include:-
* survey fees
* valuation fees
* Stamp Duty Land Tax.
* land registry fee
* local authority search
* fees, if any, charged by the mortgage lender or someone who arranges the mortgage, for example, a mortgage broker
* the buyer?s solicitor?s costs
* VAT
* removal expenses
* any final bills, for example, gas and electricity, from your present home which will have to be paid when you move.
There are a number of ways in which you could find a property to buy:-
* using estate agents
* looking at the property magazine
* looking on the internet.