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Hi my partner has bought a repossession from the bank but his agent says it’s nearly 1000 euros to reconnect the electric and water....,
I don’t think this can be right
Can anyone please advise
Thank you
Posted: Tue Aug 28, 2018 3:24pm
Sounds normal, could even be more
Thank you
Posted: Tue Aug 28, 2018 4:21pm
Very helpful member
You buy the house you buy the debt. That's usually why repossessions are cheap because they have surprises
Your solicitor should really have told you this, unless you made the mistake of using a solicitor recommended by the agen
Posted: Tue Aug 28, 2018 4:57pm
If it is a repo you will be hit with tax later, hope you know this
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Hi there o wow he’s going to love that bit of news lol he didn’t know that......
We r thinking of leaving in Gandia do u recom
271935 wrote on Tue Aug 28, 2018 4:21pm:
You buy the house you buy the debt. That's usually why repossessions are cheap because they have surprises
Your solicitor should really have told you this, unless you made the mistake of using a solicitor recommended by the agen
Not true in all cases, the bank we bought our repo from paid off the debts, however we needed a new habitation certificate before utilities would reconnect which required architectural plans drawing up and it cost nearly 500 euros, so yes hidden costs.
Hi good morning thank you all for your replies I was wondering I am thinking of coming to live in Gandia with my partner and daughter I am a nail technician and my daughter is a make up untidy/beauty therapist I am also a bad asthma sufferer so the climate would be better for me.... is it very expensive to live out in Gandia
Thank you
Simone
Posted: Wed Aug 29, 2018 7:20pm
Legendary helpful member
It is not a great deal cheaper to live in Spain than in UK these days, apart from the cost of wine and cigarettes which are much less. However, the basic cost of living I think is similar - one can always find a few thing s which are cheaper, but overall it is much more expensive than you think; The cost of utilities isn’t cheap - the cost of water can be a shock! Wouldn’t advise coming hoping to find work as it will be very unlikely ubnless firstly you speak Spanish and secondly , can offer a skill/service which may not be available here, which is not likely these days. The alternative is to set up as ‘autonomo, self employed, which will immediately bring you into the Spanish social security and tax system. Working illegally for cash is not advisable as they will come down like a ton of bricks if you are caught. You really need to have a financial cushion, or independent means. You will also have to buy private health insurance if you intend to become resident as the EHIC is only for tourists as an emergency.
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