Bank Repossession with no electricity.

Hi,

It would be for your Solicitor to inform/ specify/negotiate this with the Bank & preferably have it confirmed.in writing.

Otherwise you may find any additional expense down to you.

Your Solicitor also needs to confirm.the Bank are not passing on any outstanding charges.

If any residual concerns then walk away.

You have probably considered all these points & can only hope you have a reputable Solicitor. Banks are Banks & there aren't the Regulatory bodies you find in UK.

Really hope it all goes well.

Bob and Sandra

Mojacar Playa and Puerto Lumbreras 

Thank you for the information Bob and Sandra.

In my experience you will need to get this sorted yourself by contracting an electrician to replace all the facias, make sure there is power to the sockets etc. As it's a repossesion it makes life harder as most things will have been removed - I've never been sure why that should be. The bank won't get facias refitted.You will have to get them replaced. Your agent should have details of reliable and reasonable (price & attitude) elecricians and other trades.

Rob
Los Gallardos/Palomares

I would think that you are buying it as seen. The price should reflect the condition.

Do not assume anything here is are as they are in the U.K.  Not realistic,not sensible not fair.   It’s a culture thing. Possibly many years of Franco s regime.  I’ll sign it if three other people and three copies are taken and we won’t get shot,possibly lol.    Many here may disagree or agree but in our 16 years experience and knowing others too.  If you get a sniff of anything not right.  WALK.  There are plenty more properties.  Why buy hassle.  Good luck.   Let us know how it goes.   

I’ve had dealings with a quite a few of theses now , and those that were told the solicitor would sort (which wasn’t many) didn’t , 

Is this a bank repossession or bank owned , there’s a huge difference 

I think you will find there is quite a large 'deposit' to pay to the electrical and water suppliers as well.   I would strongly recommend using Fenie Energie rather than Endesa for electricity.  The agents for Fenie in are Avila in Antas. They are also contractors and will sort out all the physical stuff - you need someone who is an authorised contractor to do that. Can't speak highly enough of them. They don't speak much English so best to go to see them with someone who does.   The electricity will probably work out about 10% cheaper than Endesa and they react quickly and helpfully to any problem which is a  lot more than I can say for Endesa

Bank owned repossession by

In my experience it’s down to new owner , I’d be happy to take a look to advise you