07 Legal and
Financial Essentials
Role of the Lawyer
Your lawyer provides fully independent representation throughout the purchase, ensuring all documentation is accurate and compliant. They review contracts, verify ownership, check for debts or encumbrances, and confirm that the property meets all legal and planning requirements before you commit. We highly recommend that you use a lawyer that has a very clear understanding and knowledge of conveyancing property in Spain to avoid any future issues.
Core Verifications
A thorough legal review includes checking the land registry status , confirming the first occupancy licence (LPO / LFO) , examining community statutes , and verifying that the property complies with current planning and building regulations . These steps protect against future legal or structural issues.
Financial Set-Up
Buyers will need an NIE number , a Spanish bank account , and assistance with transferring or opening utilities such as water, electricity, and internet. A lawyer can coordinate this process and ensure everything is in place before completion.
Mortgage Access
Spain offers competitive mortgage options for both residents and non-residents, subject to standard affordability and debt-to-income assessments. A mortgage broker/lawyer can liaise with banks to streamline documentation and ensure the loan terms match the agreed property timeline.
Insider Tip
Always prioritise properties with a valid LPO or LFO —they safeguard financing options, simplify utility setup, and are essential if you plan to apply for a short-term rental licence. 07
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