Advantages of buying a life-long lease in Villamartin Hills
The purchase of a life long lease means that there is no IVA (VAT) to
pay. There are no solicitor's or registrar's fees and the notary fees for
signing all the necessary documents will be paid by Villamartin Hills.S.L
There is no community fee or rates to pay. This is included in the 250
euros monthly fee.
Buildings insurance is also included in the monthly
fee, but not contents insurance. No financial depreciation on your property
as in normal leasehold properties. Your property will not be affected by
fluctuating property prices.
The property is excluded from capital
gains tax and inheritance tax.
Life-Long Lease should you wish to leave
at any time, your money will be reimbursed within 40 days of you vacating
the apartment. There is no problem with having to sell a property or get
involved with estate agents.
The Equity Release Scheme will allow
you to move into Villamartin Hills before your current home has been sold.
You won't have to worry about building repairs or maintenance, unless due
to your own negligence. All repairs, including minor things like changing
light bulbs, will be done for you.
No worries about paperwork. The
administration staff will help you with all the documentation you need for
your life in Spain including your yearly tax returns. All your needs will
be catered for whether it is medical, social or safety. The facilities on
the complex include everything you will need.