
Trapped in a Multi-Currency Mortgage in Spain?
How Del Canto Chambers Can Help You If you entered into a mortgage in Spain – whether with a Spanish or international bank – and that loan was offered as
If you want to give a professional, such as a lawyer, or a family member the power to manage your property, business or investments in Spain, you need to issue a Spanish Power of Attorney. A Power of Attorney is a legal document to appoint trusted individuals (‘Attorneys’) to make important decisions on your (the ‘Donor’) behalf.
It is common in Spain for international clients to grant Power of Attorney to legal firms so that lawyers can deal with matters on behalf of their clients when they are not in Spain. A Power of Attorney will often be the most practical way of enabling a Spanish lawyer to undertake tasks and sign documents on behalf of their clients so they do not have the expense and the inconvenience of having to attend in-person to sign or authorise each part of a legal matter.
Your lawyer will draft a Power of Attorney in both Spanish and English (unless you speak fluent Spanish) which then be signed by you in front of a Notary (who will need to verify your identity by reviewing official documents such as a passport) either in Spain or in the country where you will be signing it. If the Power of Attorney document is being signed with a Notary in the UK, it will also need to be legalised after signing with The Hague Convention Apostille by the Legalisation Department of the Foreign and Commonwealth Office so that it will be valid for use in Spain.
Del Canto Chambers’ dual-qualified, multilingual tax lawyers have handled over 500 complex cases from Europe, the Middle East, Latin America, and Asia. Discerning London-based and international clients, corporations, solicitors, and tax advisors count on our expertise.
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Del Canto Chambers specialists are constantly up to date with new legislative changes and aware of any Spanish tax and legal implications. Contact our Spanish legal and tax specialists to find out the best tax planning and corporate structures in your circumstances.
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How Del Canto Chambers Can Help You If you entered into a mortgage in Spain – whether with a Spanish or international bank – and that loan was offered as
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